LONGi, the world leading solar technology company, has been recognized as a “2023 Overall Highest Achiever” in the annual PV Module Index (PVMI) published by the Renewable Energy Test Center (RETC).
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Pakistani Oil Companies Collaborate with Saudi Aramco for $10 Bln Greenfield Refinery Project
In a historic collaboration, four leading Pakistani state-owned companies will join hands for Greenfield Refinery project at the strategic Gwadar Port in Pakistan.
Read MoreMassive Hike is the Worst Anti-Business MeasurePresident FPCCI
Karachi Echoing the collective concerns of the business, industry and trade community of Pakistan, Mr. Irfan Iqbal Sheikh, President FPCCI, has termed the latest PKR. 7.5 / kWh hike in the electricity tariff as anti-business. We have already become uncompetitive vis-à-vis regional and sub-regional countries; due to the grossly-unfavorable cost of doing business environment in the country and there is no way we can absorb the added burden, he added. Irfan Iqbal Sheikh explained that businesses were already paying close to PKR. 60 / kWh – when accounted for all…
Read MoreThar Coal Energy Board approves coal tariff of Block-I & Block-II
KARACHI (July 25): The Thar Coal Energy Board in its 25th meeting held under the chairmanship of Sindh Chief Minister Syed Murad Ali Shah approved a levelized tariff of $ 37.36 per ton for the Financial Close stage petition for 7.8 million tons per annum of Block-I and a levelized tariff of $ 30.40 per ton for Contract stage petition for 11.2 million tons per annum of Block-II .The meeting was held at CM House and was attended by Federal Planning Minister Mr. Ahsan Iqbal (through video link) Energy Minister…
Read MoreChinese power giant shows renewed interest in KE
KARACHI: China’s Shanghai Electric Power Company (SEP) has expressed renewed interest in acquiring K-Electric (KE), the integrated power firm based in Karachi, Pakistan. This latest submission comes after the previous intention to buy the company lapsed in June, due to unresolved issues that have persisted for eight years. SEP had first expressed its intention to buy KE in 2016 and has since submitted fresh intentions multiple times every nine months. However, several challenges have prevented the deal from progressing. One major hurdle is the heavily debt-ridden balance sheet of KE,…
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