Category: Highlights

Dr. Sultan Al Jaber Gathers Global Leaders to Forge AI-Energy-Climate Partnerships at ENACT Majlis

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Abu Dhabi, UAE – His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and ADNOC Managing Director, hosted 80 global leaders in energy, technology, climate, and finance at the ENACT Majlis, a gathering aimed at advancing sustainable energy partnerships to support AI’s rapid growth. Rooted in the Emirati tradition of open dialogue, the Majlis provided a collaborative platform for discussing strategies at the intersection of AI, energy, and climate. H.E. Dr. Al Jaber emphasized the need for cross-sector collaboration to meet AI’s increasing power demands, with AI data…

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Senate Panel Raises Alarm Over Alleged Unlicensed Gas Sale in Badin-IV South Block

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ISLAMABAD: The Senate Standing Committee on Petroleum voiced serious concerns on Friday regarding the alleged sale of gas from the Badin-IV South Block in Sindh through an unlicensed third-party company. Chaired by Senator Umer Farooq, the committee convened at Parliament House and requested a comprehensive report on the matter in the next session. The Petroleum Division’s representatives shared that an inquiry had recommended suspending activities in the Badin-IV South Block due to suspected regulatory violations. Chairman Farooq emphasized the need for a detailed discussion and transparency in upcoming meetings. The…

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Punjab Embraces Green Growth with Local Solar Panel Manufacturing Deal

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LAHORE: Punjab’s push for green industrial expansion took a significant step as Provincial Minister for Industries, Commerce, and Investment Chaudhry Shafay Hussain announced a finalized agreement with a Chinese company to establish solar panel manufacturing in the province. Addressing the Lahore Chamber of Commerce and Industry (LCCI), Hussain emphasized Punjab’s focus on alternative energy to reduce production costs and support sustainable growth. Key figures from LCCI, including President Mian Abuzar Shad, highlighted Punjab’s contribution to Pakistan’s GDP, underscoring the importance of affordable energy solutions for the province’s industries. Minister Hussain…

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Govt Proposes New Payment Model for IPPs to Curb ‘Excessive Profits’

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The government has introduced a new financial framework aimed at restructuring payments to 18 independent power producers (IPPs) by cutting down their capacity costs and recovering what it considers “excessive profits” accumulated over past years. This initiative involves renegotiating power purchase agreements with IPPs established under the 1994 and 2002 policies. The negotiations, expected to conclude shortly, are part of a broader power sector reform to reduce consumer electricity costs. The revised approach will transition IPPs from a “take-or-pay” to a “take-and-pay” model, where payments align more closely with actual…

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Ministry of Energy and Water Signs Agreement with Chinese Company

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The Ministry of Energy and Water announces the signing of an agreement with a Chinese company to invest in energy production projects from domestic resources in Afghanistan. Abdul Latif Mansoor, acting Minister of Energy and Water, urged the company not only to invest in energy production but also to support projects for energy transmission lines and the strengthening of distribution substations. Although Afghanistan has considerable energy resources, it has not yet achieved self-sufficiency in this field. Matiullah Abed, spokesperson for the Ministry of Energy and Water, said: “The acting Minister…

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