Author: Admin

Expanding renewables: Kohat Cement installs 5.34 MW solar power plant

Admin
soalr energy

Kohat Cement Company Limited (KOHC) has installed and commissioned a 5.34 MW on-grid solar power plant. The cement maker shared the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “We are pleased to announce that the company has successfully installed and commissioned a 5.34 MW on-grid solar power plant at the company’s plant site, Kohat,” read the notice. “This installation is in addition to the 10 MW solar power plant already installed and operational at the same location,” it added. KOHC is one of the strong…

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Why Oil Companies Are Walking Back From Green Energy

Admin
crude oil

As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil that did not embrace wind and solar. When oil and gas companies made ambitious commitments four years ago to curb emissions and transition to renewable energy, their businesses were in free fall. Demand for the fuels was drying up as the pandemic took hold. Prices plunged. And large Western oil companies were hemorrhaging money, with losses topping $100 billion, according to the energy consulting firm Wood Mackenzie. Renewable energy, it seemed to many companies…

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Mr. Saquib Fayyaz Magoon, SVP FPCCI, graced the inauguration of IDEAS 2024 at Expo Centre, Karachi.

Admin
Saquib-Fayyaz

He met Khawaja Muhammad Asif, Chief Guest & Federal Minister for Defence and Mr. Jam Kamal Khan, Guest of Honor & Federal Minister of Commerce; Mr. Kamran Tessori, Governor Sindh; Dr. Farooq Sattar and Mrs. Nasreen Jalil, on the sidelines of the internationally and economically-significant exhibition. Lt. Gen. Muhammad Chiragh Haider, HI (M), Secretary (DP) and Brig Iftikhar Opel, SI (M), Retd., Secretary General, FPCCI, were also present on the occasion. SVP FPCCI expressed his satisfaction that Maj. Gen. Asad Nawaz Khan, HI (M), Director General, Defence Export Promotion Organization…

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Pakistan to Slash EV Charging Costs to Boost Electric Vehicle Adoption

Admin
Electric-Vehicle

ISLAMABAD: Pakistan plans to significantly lower electricity tariffs for electric vehicle (EV) charging stations as part of its strategy to decarbonize the transport sector and stimulate EV demand, according to Power Minister Awais Leghari. The government is formulating a pricing structure to make EV charging more affordable for small cars, two-wheelers, and three-wheelers. This initiative aligns with the broader goal of reducing emissions and promoting sustainable transportation. Over six auto manufacturers, predominantly Chinese brands, have introduced EV models in Pakistan this year. Notably, Chinese EV giant BYD, through its local…

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SNGPL Holds CPPA-G Accountable for Rs. 148 Billion in Outstanding Receivables

Admin
SNGPL-Office

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has attributed the accumulation of Rs. 148 billion in outstanding receivables to delays in payments by the Central Power Purchasing Agency–Guaranteed (CPPA-G). The amount includes dues from Independent Power Producers (IPPs), government-owned plants, and WAPDA, highlighting a severe financial strain on SNGPL’s operations. According to SNGPL, receivables from Guddu Power Plant alone amount to Rs. 30.344 billion, with Rs. 10.513 billion being undisputed. Nandipur Power Plant owes Rs. 18.405 billion, including Rs. 9.449 billion as undisputed charges. Other government power plants, such as…

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