Category: Highlights

Nawaz Names Shehbaz Sharif as PM Candidate, Maryam Nawaz for Punjab CM

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Mariyam-Nawaz

The Pakistan Muslim League-Nawaz (PML-N) has decided to nominate Shehbaz Sharif as its candidate for the position of Prime Minister. Additionally, sources revealed that PML-N Chief Organizer Maryam Nawaz will be put forward as the candidate for the Punjab Chief Minister’s position. The final announcement regarding the prime ministerial candidate will be made in conjunction with allied parties. It’s noteworthy that Nawaz Sharif has given his approval for both Shehbaz Sharif and Maryam Nawaz to assume these roles. PML-N President Shehbaz Sharif expressed thanks to former President Asif Ali Zardari…

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Growatt Launches Flexible and Modular H Series All-In-One Energy Storage System in Pakistan

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Growatt-Launches

Growatt, the world’s leading solar inverter and energy storage solutions supplier, introduces the H Series All-In-One Energy Storage System in the Pakistani market. This modular and streamlined system integrates the inverter and battery, delivering versatile functionalities for both single-phase and three-phase energy storage applications. Featuring an innovative all-in-one design and modular stack configuration, the H Series significantly enhances system flexibility. Installers benefit from the freedom to configure the system with varying quantities of inverters and batteries, providing tailored solutions based on specific needs. The modular stack design not only streamlines…

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Dawood Lawrencepur to sell entire stake in Tenaga Generasi to Artistic Milliners

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wind-power

The Board of Directors (BoD) of Dawood Lawrencepur Limited (DLL) has entered into a Share Purchase Agreement (SPA) with Artistic Milliners (Pvt) Ltd for the sale of its entire shareholding in Tenaga Generasi Limited (TGL). The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “The BoD of DLL has approved entering into SPA with Artistic Milliners (Pvt) Ltd for the sale of the entire shareholding of the company in TGL, comprising of 227,027,613 shares i.e. 75% of the outstanding paid-up capital of…

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Costly energy diminishes consumers’ purchasing power, warns Nepra

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Nepra

ISLAMABAD: Amid ongoing engagement with the International Monetary Fund (IMF) for further electricity tariff reforms involving increases for residential and reductions for industrial consumers, the country’s power sector regulator, Nepra, has warned the government that its compulsions to pass on full costs coupled with historically highest inflationary spree in the country was diminishing the purchasing capacity of the consumers. Last week, the caretakers shared with the IMF its plans to further ‘rationalise’ electricity prices through a reduction in subsidies for residential and agricultural consumers and tariff cuts for the industries…

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Wind power giants find little shelter from sector troubles

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wind-energy

FRANKFURT/COPENHAGEN, Feb 7 (Reuters) – The world’s three biggest wind power groups – Siemens Energy (ENR1n.DE), opens new tab, Orsted and Vestas (VWS.CO), opens new tab – on Wednesday gave a sober view of the year ahead for an industry buffeted by project delays, equipment problems and inflation. Siemens Energy, the world’s largest maker of offshore wind turbines, expects a 2024 loss before special items of around 2 billion euros ($2.2 billion) at Siemens Gamesa. The wind division has had to deal with the cost of addressing quality problems affecting some onshore models. Siemens Energy…

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