Author: Admin

CCP Urges Government to Expedite Implementation of CTBCM Model to Boost Power Sector Competition

Admin
power-supply

ISLAMABAD: The Competition Commission of Pakistan (CCP) has called on the government to fast-track the implementation of the Competitive Trading Bilateral Contract Market (CTBCM) model to open up Pakistan’s wholesale electricity market, fostering greater competition and efficiency in the power sector. In its Competition Assessment Study on the Power Sector, the CCP stressed the need for retail competition as the ultimate goal, allowing consumers to choose their electricity suppliers. Approved by NEPRA in 2020, the CTBCM model is key to this transformation, enabling bulk power consumers with loads of 1MW…

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CPPCL Shows Conditional Interest in Gwadar Power Plant Amid Uncertainty

Admin
cpec

ISLAMABAD: Chinese company CIHC Pak Power Company (Pvt) Ltd (CPPCL) has expressed conditional willingness to continue work on the 300-MW Gwadar coal power plant if both the Pakistani and Chinese governments decide to abandon the project, according to well-placed sources within the Private Power Infrastructure Board (PPIB). The 300-MW coal-fired plant, part of the China-Pakistan Economic Corridor (CPEC), has faced numerous delays since the issuance of its Letter of Support (LoS) in August 2019. Despite six extensions granted by PPIB, CPPCL failed to meet the Financial Closing (FC) deadline, mainly…

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SBP Developing Climate-Driven Framework to Fund Pakistan’s Energy Transition

Admin
state-bank

LAHORE: State Bank of Pakistan (SBP) Governor Jamil Ahmed announced the development of a climate-driven banking framework to support financing for energy transition in Pakistan. Speaking at the Asia Energy Transition Summit, organized by the Pakistan Renewable Energy Coalition (PREC) in collaboration with the Lahore University of Management Sciences’ Energy Institute, SDPI, Renewables First, and PRIED, Ahmed highlighted the need for renewable energy transition in vulnerable and debt-ridden nations like Pakistan. Despite contributing minimally to climate change, Pakistan ranks among the top 10 countries most vulnerable to its impacts. Ahmed…

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Chinese photovoltaic exports to Pakistan skyrocket

Admin

Pakistan is undergoing a significant energy transformation. As of 2024, the country has emerged as a key overseas market for Chinese photovoltaic (PV) companies. Data from the China Photovoltaic Industry Association (CPIA) shows that Asia overtook Europe as the largest export destination for PV products in the first half of 2024, with Pakistan ranking as the second-largest module export market after Europe. In the same period, China exported inverters worth RMB 1.714 billion to Pakistan. In August alone, inverter exports to Pakistan reached 326 million yuan, reflecting a year-on-year growth…

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Chinese firm to build solar panel plant

Admin
solar-panel

LAHORE: A Chinese company will set up a solar panel manufacturing and assembling plant in Punjab under an agreement signed with the provincial government. Provincial Minister of Industries and Commerce Chaudhry Shafay Hussain and President of the South Pacific Region of Chinese Company AIKO, Alex Hang, signed the agreement. The minister said on the occasion that the Chinese company will set up the first solar panels manufacturing factory in Punjab, which will supply its products in the local market and export them as well. He said the only solution to…

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