Author: Admin

“Pakistan’s Solar Panel Imports Drop, Prices Set to Rise Soon”

Admin
Solar-Power

Due to a dramatic drop in solar panel prices, residential, commercial, and industrial consumers had been installing panels at an increasing rate. However, after a prolonged period of price decreases, market experts now suggest that the reduced volume of imports could either stabilize prices or lead to an increase in the coming months. According to a report, the sharp drop in solar module prices over the past few months led to a surge in imports, as consumers gravitated toward renewable energy solutions. However, by September 2024, Pakistan’s solar panel imports…

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Ogra Seeks Clarification from SSGC Over Geyser Charges in Gas Bills

Admin
OGRA

KARACHI: The Oil and Gas Regulatory Authority (Ogra) has requested an official explanation from the Sui Southern Gas Company (SSGC) regarding charges related to geysers appearing on consumers’ gas bills. Ogra has asked SSGC to provide a detailed written response concerning the pricing of geysers and associated installation fees. The authority emphasized that consumers are not required to use SSGC’s contractors for installation and can handle it independently. Recently, SSGC began charging Rs2,085 for ‘conical baffles’ under its geyser campaign, aimed at improving safety and reducing gas consumption. Ogra advised…

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World Bank, ADB, and IsDB Express Willingness to Finance NTDC Projects

Admin
Asian-bank

ISLAMABAD: The World Bank (WB), Asian Development Bank (ADB), and Islamic Development Bank (IsDB) have conveyed their readiness to finance three key projects of the National Transmission and Despatch Company (NTDC), while advising private sector participation for the Ghazi Brotha to Faisalabad West Transmission Line, sources from the Economic Affairs Division (EAD) informed Business Recorder. During a meeting chaired by Secretary EAD, Dr. Kazim Niaz, it was revealed that both ADB and WB committed $500 million each, while IsDB pledged $200-320 million. The financing will be directed toward the Matiari-Moro-Rahim…

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K-Electric Reluctant to Proceed with Thar Block-II Project Without IGCEP Inclusion

Admin
K-Electric

ISLAMABAD: K-Electric (KE) has expressed its unwillingness to move forward with the 300-MW coal-fired project at Thar Block-II unless it is included in the Indicative Generation Capacity Expansion Plan (IGCEP), sources informed Business Recorder. In a communication with Managing Director of Private Power and Infrastructure Board (PPIB), Shah Jahan Mirza, KE’s Chief Strategy Officer, Shahab Qader Khan, emphasized the need for the project’s inclusion in IGCEP as a critical requirement. Despite ongoing efforts, KE highlighted that without this inclusion, necessary updates to the Transmission System Expansion Plan (TSEP) cannot be…

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PPL and BME Focus on Sustainable Growth of Balochistan Mining Projects

Admin
PPL-Pak

Karachi, October 18, 2024: The 49th Annual Management Committee meeting of Bolan Mining Enterprises (BME) took place on October 17, 2024, in Quetta. The meeting brought together joint venture (JV) partners Pakistan Petroleum Limited (PPL) and the Government of Balochistan (GoB). Managing Director and CEO of PPL, Mr. Imran Abbasy, along with senior officials, represented PPL, while the GoB delegation was led by Secretary Mines & Minerals Development Department Mr. Saidal Khan Luni, joined by the Additional Secretary of Industries and the CEO of Balochistan Mineral Resources Limited. Key discussions…

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