Category: Highlights

Government Faces Challenges in Formulating Strategy to Address Electricity Crisis

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power-sector

The federal government is grappling with the task of devising a strategy to tackle the ongoing power sector crises, with conflicting signals emerging from the Prime Minister’s Office (PMO) regarding the future of Distribution Companies (Discos). Under Prime Minister Shahbaz Sharif’s leadership, the government appears undecided between two proposals: outsourcing Discos to the private sector through long-term concessional agreements or transferring control of Discos to the provinces. According to insights from power sector experts and officials familiar with Discos’ privatization, the government must consider implementing differential tariffs for Discos regardless…

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Red Solar Empowers Africa’s Solar Market with Cutting-Edge PV Solutions

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Red-Solar

Africa’s abundant sunlight presents a golden opportunity for solar expansion. In a bid to revolutionize Africa’s solar energy landscape, Red Solar has unveiled its innovative photovoltaic (PV) modules and technology solutions at The Solar Show Africa 2024. Held from March 18th to 20th at the Gallagher Convention Centre in Johannesburg, South Africa, this event marks a significant milestone in Red Solar’s commitment to expanding its presence in the continent’s burgeoning solar market. Red Solar’s participation in The Solar Show Africa 2024 underscores its dedication to providing flexible and efficient PV…

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SSGC Seeks OGRA Approval for Gas Price Hike

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Gas-Prices

Sui Southern Gas Company (SSGC) Limited has formally approached the Oil and Gas Regulatory Authority (OGRA) to endorse an escalation in gas tariffs for consumers in Sindh and Balochistan. According to sources, SSGC has lodged a formal request with OGRA, urging for a further increase of Rs274.40 per MMBTU, effective retrospectively from July 1, 2024. The company’s objective is to establish a new average gas rate at Rs1740.80, contrasting with the current average of Rs1696.39 per MMBTU. The application underscores SSGC’s revenue deficit, amounting to a staggering Rs79.63 billion. Specifically,…

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Awais Leghari Assigned Ministry of Power

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awais-lagari

Prime Minister Shehbaz Sharif made a significant cabinet reshuffle on Sunday, appointing Sardar Awais Ahmad Khan Leghari as the Minister of Power, replacing his previous role as Minister of Railways. A notification issued by the Cabinet Division disclosed the change, indicating that Musadik Masood Malik, who recently assumed the additional portfolio of Power, would be succeeded by Leghari. The cabinet, formed under Shehbaz’s leadership earlier this month, comprises Khawaja Muhammad Asif as Defense Minister, Mohammad Ishaq Dar as Foreign Minister, and Muhammad Aurangzeb as Finance Minister.

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