Category: Highlights

Engro Powergen Thar Limited Urges CPPA-G to Settle Rs 32 Billion Debt by Month-End

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thar-coal-power

Engro Powergen Thar Limited (EPTL) has urgently requested Central Power Purchasing Agency-Guaranteed (CPPA-G) to clear at least Rs 32 billion in outstanding payments by the end of this month. This appeal aims to prevent a default on upcoming debt obligations, according to reliable sources. EPTL’s plea to CPPA-G comes at a crucial juncture as Minister for Planning, Development, and Special Initiatives Ahsan Iqbal is in Beijing to address payment delays to Independent Power Producers (IPPs) under the China Pakistan Economic Corridor (CPEC). In a letter from EPTL’s Chief Financial Officer…

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CM Gandapur Urges Federal Government to Clear Hydel Power Profit Arrears for KP

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CM-Gandapur

Chief Minister Ali Amin Gandapur of Khyber Pakhtunkhwa emphasized the critical need for the federal government to settle the outstanding arrears in hydel power profits owed to the province. Addressing key priorities of his administration, he highlighted efforts to tackle the energy crisis and maintain law and order during a press conference. Gandapur encouraged citizens to consider starting livestock businesses and reaffirmed his government’s commitment to providing free healthcare through the Sehat Sahulat Card. He also emphasized developmental initiatives for merged districts and announced plans for a people-centric budget. Regarding…

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Pakistan Extends Invitation to Swiss Investment in Renewable Energy and IT Sectors

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SLAMABAD – Deputy Prime Minister and Foreign Minister Ishaq Dar extended a warm invitation to Swiss companies to invest in Pakistan, focusing particularly on the renewable energy and IT sectors. This invitation came during a courtesy meeting with Ambassador of Switzerland Georg Steiner at the Ministry of Foreign Affairs. During the meeting, Dar emphasized Pakistan’s strong interest in bolstering ties with Switzerland, highlighting the potential for expanded cooperation in various areas such as trade, investment, climate initiatives, tourism, and migration. Dar praised the existing presence of Swiss companies in Pakistan…

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Pakistan’s Balancing Act: Encouraging Solar Adoption Amid Grid Challenges

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solar-panel

KARACHI – Pakistan’s government finds itself in a delicate position, aiming to promote renewable energy, particularly solar power, while grappling with constrained grid capacity and economic challenges. The government’s recent consideration to reduce buyback rates for net-metering electricity has sparked debates regarding the balance between incentivizing solar installations and managing grid constraints. The introduction of net-metering was a significant move to encourage households and businesses to generate their electricity and sell excess power back to the grid. However, the proposed rate cuts have raised concerns among solar users who viewed…

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Pakistan Seeks Chinese Support for Hydropower Projects and Energy Investment

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ISLAMABAD – Pakistan is actively engaging with Chinese leadership to revive over 1800 megawatts of hydropower projects (HPPs) and attract fresh investment from Chinese companies in the country’s transmission and distribution network. This effort is part of the second phase of the China-Pakistan Economic Corridor (CPEC), aimed at bolstering energy infrastructure and collaboration. Efforts are underway to convene a meeting of the Joint Cooperation Committee (JCC) of the cabinet on May 22-23 to ensure the success of Prime Minister Shehbaz Sharif’s upcoming visit to Beijing early next month. A high-level…

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