Category: Highlights

Chinese firm to build solar panel plant

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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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Federal Minister for Petroleum Dr Musadik Malik witnessed the MOU signing ceremony between OGDCL and Chinese CCDC

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Petroleum

In a significant development , during the ongoing 8th Silk Road International Expo for investment and trade forum in Xian , Shaaxi province China, an MOU is signed between OGDCL the flagship E&P company of Pakistan and CCDC , the major player in Drilling and upstream Oil field Services of People’s Republic of China The MOU underscores commitment of both the brotherly countries for the development of Shale and tight gas potential of Pakistan with an aim to alleviate energy needs of the country through indigenous resources.Mr. Mumtaz Ali Soomro…

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Xian China : September 21,2024

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Federal Minister for Petroleum Dr Musadik Malik holds round table meetings with Chinese companies Federal Minister for Petroleum Dr Musadik Malik held round table meetings with Chinese companies at Pakistan pavilion set up at the 8th Silk Route Expo in Xian, China. Leading Petroleum sector companies of Pakistan are participating in the Expo to conclude investments with the chinese companies. The companies include Oil and gas development company (OGDCL), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Fauji Fertilizer Company Limited (FFC), Thar Coal Energy Board Opening the discussion…

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NEPRA Imposes Rs10 Million Fine on IESCO for Failing to Ground Electrical Structures

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electricity price increased

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has levied a Rs10 million fine on the Islamabad Electric Supply Company (IESCO) for its failure to ensure proper earthing and grounding of high-tension and low-tension poles across its service area. In its ruling, NEPRA stated that after reviewing IESCO’s submissions, the company’s response to a show-cause notice was deemed unsatisfactory. The notice had been issued over IESCO’s inability to ensure 100% grounding of its electrical structures, violating NEPRA regulations. NEPRA has directed IESCO to ground all remaining steel structures within three…

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SNGPL Seeks Hike in Gas Transportation and Distribution Tariff for Private Companies

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oil and gas

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has proposed a significant increase in gas transportation and distribution tariffs for the fiscal year 2024-25. The company is requesting a hike of Rs184 per MMBTU for transportation and Rs614 per MMBTU for distribution, compared to the previous year, specifically for third-party private companies that use SNGPL’s infrastructure to supply gas to bulk consumers. During a hearing held by the Oil and Gas Regulatory Authority (OGRA) at Sui Southern Gas Company’s (SSGC) office, SNGPL’s CFO encouraged private sector participation in using the company’s…

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