Category: Highlights

Federal Govt constitutes committee to convert three CPEC’s IPPs using imported fuel to Thar coal

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cpec

The federal government has constituted a four-member committee to devise a strategy for the conversion of three power plants in the country set up under the China-Pakistan Economic Corridor regime from imported coal to indigenously extracted Thar coal.The notification announcing the constitution of the committee for conversion of the three independent power producers from imported coal to Thar coal has been issued by the Power Division of the federal government on the directives of Federal Energy Minister, Sardar Awais Ahmed Khan Leghari. The committee in question will be headed by…

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Relief in sight as Nepra to revisit 20 critical tariff decisions

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Nepra

ISLAMABAD: In a development that may herald some financial relief for power consumers, the National Electric Power Regulatory Authority (Nepra) has been directed to re-evaluate its previous decisions related to fuel price adjustments (FPA) and quarterly tariff adjustments (QTA). The directive, issued by a tribunal and the Islamabad High Court, pertains to 20 decisions taken by the Nepra since March 2021, which have been described as “impugned”. These decisions have a direct impact on the state-run power distribution companies (DISCOs). Notably, K-Electric, the power distributor for Karachi, is excluded from…

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Final notice to Pakistan: Iran to move arbitration court next month on IP gas pipeline

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iran-gas-pipeline

ISLAMABAD: In a shocking development, Iran has served its last notice on Pakistan informing that Tehran is left with no option but to move the Paris Arbitration Court in September 2024 against Pakistan for not constructing the pipeline under the IP gas project during the extended 180-day deadline, senior official sources told The News. The project has been facing a 10-year delay since 2014 over proposed US sanctions on the project. “The GSPA (Gas Sales Purchase Agreement) was signed in 2009 under French law and the Paris-based Arbitration court is…

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Solar Power Conclave and Technology Awards to be Held on August 28th in Lahore

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Solar-Award

Lahore, August 24, 2024 – The highly anticipated Solar Power Conclave and Technology Excellence Awards 2024, set for August 28, 2024, in Lahore, will bring together key figures from Pakistan’s renewable energy sector. Organized by Energy Update, this event will unite industry experts, policymakers, and innovators to discuss the future of solar energy in Pakistan and to honor the outstanding achievements in the field. Supported by leading industry bodies, including the Private Power Infrastructure Board (PPIB) and the Pakistan Solar Association (PSA), the event will be graced by Sardar Saleem…

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Jam Kamal & German Minister for Economic Cooperation Witness MoU Signing

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MoU-Signing

PCCI to Set Up Responsible Business Helpdesk (RBH) with GIZ CooperationSaquib Fayyaz Magoon, Acting President FPCCI Karachi: Mr. Saquib Fayyaz Magoon, Acting President FPCCI and Ms. Maria Jose Poddey, Country Director, GIZ Pakistan, have signed the MoU between FPCCI & GIZ to establish Responsible Business Helpdesk (RBH) at FPCCI in the esteemed presence of Mr. Jam Kamal Khan, Honorable Federal Minister for Commerce, Pakistan and Ms. Svenja Schulze, Honorable Federal Minister for Economic Cooperation & Development (BMZ), Germany. Mr. Saquib Fayyaz Magoon, Acting President FPCCI, apprised that the business community…

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