Monthly Energy Update November Magazine
Author: Admin
Gas Supply Cuts to CPPs Pose Severe Risk to Industry, Jobs
Industrial Leaders Warn of Factory Shutdowns, Mass Unemployment as January Gas Suspension Approaches KARACHI: Industrial leaders have issued a stark warning to the government over its plan to cut off gas supply to captive power plants (CPPs) by January 1, 2025. The proposed suspension could potentially shutter more than 1,300 factories and threaten over three million jobs, creating a severe economic crisis and damaging export performance, according to industry representatives. Fawad Anwer, Chairman of the Pakistan Textile Council, voiced deep concerns over the decision, stating, “Industrialists who have invested in…
Read MorePakistan has taken right measures for economic growth: Minister Petroleum
ISLAMABAD: Minister for Petroleum and Water Resources Musadik Masood Malik on Thursday said Pakistan was heading towards the right direction as it had successfully controlled inflation, achieved substantial growth in agriculture sector and witnessed an increase in foreign reserves.He was speaking at the concluding plenary of the four-day Sustainable Development Conference organised by the Sustainable Development Policy Institute (SDPI).Mr Malik said the current government had three key priorities, and they were decreasing inflation, ensuring better public life and reducing poverty.“The government aspires to take the GDP growth rate from 2.4…
Read MoreSterling Tech-Mobility partners with Chinese firm to set EV component plant
Sterling Tech-Mobility Ltd on Monday said it will set up a manufacturing facility in collaboration with Chinese firm Kunshan GLVAC Yuantong New Energy Technology for advance high-voltage DC contactors and relays for electric and hybrid vehicles in Bengaluru at an investment of Rs 40 crore. The collaboration, which is aimed at the domestic production of these auto parts, is expected to generate Rs 250 crore in business by FY30 and Sterling Tools will bring the niche technology to manufacture and assemble HVDC contactors and relays locally at a new facility…
Read MoreOracle Power makes progress on its 1.3 GW hybrid renewable project in Pakistan
The UK renewable developer Oracle Power has completed the transmission and grid interconnection study for a project to build a 1.3 GW hybrid renewables complex in Jhimpir, in the Sindh province of southern Pakistan. The study, which was launched in May 2024, was conducted by Power Planners International. The renewable hub, developed by Oracle Energy and China Electric Power Equipment and Technology (CET, a subsidiary of State Grid Corporation of China), will comprise 800 MW of solar and 500 MW of wind power capacity, along with a 260 MW battery energy storage system (BESS). It received…
Read More
