Category: Highlights

Türkiye can help Libya use its potential in energy: Minister

Admin
Economy-Summit

Libya is important not only for Türkiye but also for global markets, Bayraktar said in a speech he delivered at the Energy and Economy Summit held in Tripoli on the weekend. The epidemics and wars in recent years have caused disruptions in the global energy markets, the minister stressed, adding that cooperation in the field of energy is needed. Securing the energy supply and providing reliable and affordable energy is becoming more difficult, Bayraktar said. “We definitely need international cooperation to overcome all these challenges.” He said that Türkiye and…

Read More

Iran serves new notice on Pakistan for delay in IP gas line project

Admin
iran-gas-pipeline

Pakistan received the latest notice almost 10 days ago, top government officials told The News ISLAMABAD: Iran has issued a third notice to Islamabad, renewing its intention to move the arbitration court for not laying the pipeline as part of the IP gas line project. The project has been facing delays since 2014. Pakistan received the latest notice almost 10 days ago, top government officials told The News. “Iran earlier asked Pakistan in Nov-Dec 2022 in its second notice to construct a portion of the Iran-Pakistan gasline project in its territory…

Read More

NEPRA awards 10-Year Licence to PPIB to run power auctions in Pakistan

Admin
Nepra-KE-1

ISLAMABAD: The National Power Regulatory Authority (NEPRA) has granted a 10-year licence to the Private Power & Infrastructure Board (PPIB) to act as an independent auction administrator (IAA) in the country’s power sector. The licence will allow PPIB to implement a competitive market regime, known as the Competitive Trading Bilateral Contract Market (CTBCM), to procure electricity through transparent and efficient bidding. PPIB will be intended to facilitate state-run ex-Wapad distribution companies (XW-DlSCOs)/Suppliers of Last Resorts (SoLR) in meeting their capacity obligations by procuring new capacity and energy to fulfill their…

Read More

Side pact with coal-fired IPPs: ECC refuses to extend support to Power Division

Admin
cpec

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reportedly refused to extend support to the Power Division to sign side agreement with other coal-fired IPPs except Port Qasim Electric Power company (PQEPCL), insisting that the case of Sahiwal coal power plant be submitted separately, well informed sources told Business Recorder. Sharing the details, sources said at a recent meeting of the ECC, Power Division briefed that the CPEC IPPs running on imported coal had been agitating on issues of capacity deductions and imposition of liquidated damages due to coal’s…

Read More

PSA urged to set up dedicated complaint cell to deal with grey channel clean energy products

Admin
renewal-energy

The concerned distributors of renewable energy equipment in the country have urged the Pakistan Solar Association (PSA) to establish a dedicated complaint cell to take up the issues faced by the end-users in the country due to unchecked import of unauthorised solar power equipment through the grey channel.“The bona fide distributors and EPC contractors in the Pakistani market who have the firm belief in serving their customers with complete honesty, integrity, dedication, and professionalism are seriously affected due to constant import and availability of grey channel products in the country,”…

Read More