Author: Admin

Pakistan, Russia Sign MoU to Strengthen Cooperation in Trade, Energy, and Defence

Admin
Pak-Russia

ISLAMABAD: In a move to bolster bilateral relations, Pakistan and Russia signed a Memorandum of Understanding (MoU) on Thursday, paving the way for enhanced cooperation in key sectors including trade, energy, connectivity, and defence. The MoU was formalized by Russian Deputy Prime Minister Alexei Overchuk and Pakistan’s Deputy Prime Minister Ishaq Dar, following a high-level meeting between Overchuk and Prime Minister Shehbaz Sharif. During the talks, both sides underscored the importance of expanding their partnership across various domains. Prime Minister Sharif reiterated that strengthening ties with Moscow is a priority…

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IRENA and Azerbaijan COP29 Presidency to Hold Energy Transition Investment Forum in Baku

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New-IRENA

Abu Dhabi, United Arab Emirates, 19 September 2024 – The International Renewable Energy Agency (IRENA), COP29 Presidency and Ministry of Energy of Azerbaijan announced today that the first Energy Transition Investment Forum for Central Asia will be hosted in Baku, Azerbaijan, on 15-16 November 2024. The event is strategically aligned with the COP29 priorities and action agenda outlined by President Designate H.E. Mukhtar Babayev in a recent letter to parties and constituents, focusing on enhancing ambition and enabling action, with climate finance underscored as a top priority. IRENA Director-General Francesco La…

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Pakistan, China Collaborate on 1,200MW Nuclear Power Plant at Chashma

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Nuclear-Power

ISLAMABAD: Pakistan Atomic Energy Commission (PAEC) Chairman Dr. Raja Ali Raza Anwar announced the construction of a 1,200MW nuclear power plant at the Chashma site, in collaboration with China. He shared this during an event organized by China to celebrate its 40-year partnership with the International Atomic Energy Agency (IAEA). Speaking alongside IAEA Director General Rafael Grossi, Dr. Raja highlighted that Pakistan operates six nuclear plants with a combined capacity of 3,530MW, all built with China’s cooperation. He commended the deep-rooted Pakistan-China partnership and emphasized continued collaboration in nuclear energy…

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Pakistan Approves Construction of White Oil Pipeline to Revolutionize Oil Distribution

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Oil-Pipeline

ISLAMABAD: In a groundbreaking move to modernize the nation’s oil distribution infrastructure, Pakistan has approved the construction of the White Oil Pipeline Project, led by the Special Investment Facilitation Council (SIFC). The agreement for the Machike-Thallian-Tarujabba White Oil Pipeline was signed on Wednesday, marking a major milestone in completing Pakistan’s oil pipeline network from Karachi to Peshawar. The 477-kilometer pipeline will link key oil hubs, significantly reducing transportation costs and bolstering national energy security. The project, involving Pakistan State Oil (PSO), Pakistan Refinery Limited (PARCO), and Interstate Gas Systems, is…

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K-Electric CEO Supports Entry of Other Discos into Karachi for Healthy Competition

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circular-debt-K-electric-ceo

K-Electric CEO Supports Entry of Other Discos into Karachi for Healthy Competition September 19, 2024 KARACHI: Moonis Alvi, CEO of K-Electric, has endorsed the entry of other electricity distribution companies (Discos) into Karachi, emphasizing that competition would enable a fair evaluation of performance. Speaking at the Korangi Association of Trade and Industry (KATI), Alvi also advocated for K-Electric’s expansion beyond Karachi, allowing the utility to serve other cities in Pakistan. Alvi highlighted KE’s efforts to oppose Power Holding Limited (PHL) charges and urged the business community to collaborate in eliminating…

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