Category: Highlights

Power Division Authorized to Withdraw Rs4 Billion from PERA for Chinese IPP Payments

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CPEC-Project

ISLAMABAD: The Finance Division has granted permission to the Power Division to withdraw Rs4 billion from the Pakistan Energy Revolving Account (PERA) for the exclusive payment to Independent Power Producers (IPPs) under the China Pakistan Economic Corridor (CPEC) for January 2024, according to reliable sources. On February 7, 2024, the Power Division sent an Office Memorandum (OM) to the Finance Division, seeking approval to draw funds from PERA in line with the decision of the Economic Coordination Committee (ECC) of the Cabinet on October 31, 2022. The ECC had approved…

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The Government of the Islamic Republic of Pakistan Welcomes the Resumption of CASA-1000 Activities in Afghanistan by the World Bank

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world-bank

The Government of the Islamic Republic of Pakistan welcomes the recent announcement by the World Bank that, amongst other initiatives in support of the people of Afghanistan related to its “Approach 3.0”, the Central Asia-South Asia Electricity Transmission and Trade Project (“CASA-1000”) in Afghanistan will be resumed as had been requested in December by all three neighbouring countries participating in the project. This announcement marks a significant step forward in the region’s commitment to energy collaboration. As a result, the Government of Pakistan is pleased to announced it has joined the…

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Progress on Land Acquisition for Dams Reviewed by Implementation Committee

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Bhasha-Dam

An implementation committee overseeing the Diamer Bhasha and Mohmand Dams, as directed by the Supreme Court of Pakistan, convened to assess advancements in land acquisition and resettlement efforts for locals residing in project areas. Chaired by Water and Power Development Authority (WAPDA) Chairman Lt Gen (Retd) Sajjad Ghani, the meeting focused on the sub-committee’s progress regarding land acquisition and resettlement for the Diamer Bhasha Dam. Ghani acknowledged the strides made by the sub-committee and expressed optimism regarding the resolution of remaining household cases in Gilgit-Baltistan. The WAPDA chief reaffirmed the…

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LONGi Launches Hi-MO X6 Bifacial, a Breakthrough in Solar Panel Technology

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Lahore: LONGi, a leading innovator in solar panel manufacturing, stole the spotlight at the Solar Pakistan Exhibition hosted at the Expo Center Lahore with the introduction of their groundbreaking product, the Hi-MO X6 Bifacial. The event witnessed a flurry of excitement as visitors flocked to witness this pioneering solar panel technology firsthand. The Hi-MO X6 Bifacial represents a paradigm shift in the industry, promising unparalleled efficiency and performance. With power efficiency ranging from 560 to 585M, this innovative panel surpasses conventional models, setting a new benchmark for the distribution market.…

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