Category: Latest News

Pakistan, US Sign Landmark MoUs on Critical Minerals and Logistics Investment

Admin
New-Project18

ISLAMABAD: Pakistan and the United States on Monday inked two landmark Memoranda of Understanding (MoUs) to boost cooperation in the development and processing of critical minerals, including rare earth elements (REEs), and in logistics services. The agreements were signed at the Prime Minister’s House during the visit of a high-level US delegation representing United States Strategic Metals (USSM) and Mota-Engil Group. The ceremony was attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Chief of Army Staff Field Marshal Asim Munir, federal ministers, and senior officials. Under the first…

Read More

Beco Steel Installs 2MW Solar Plant to Cut Costs and Boost Sustainability

Admin
Beco-Steel

LAHORE: In a move reflecting Pakistan’s growing industrial shift toward renewable energy, Beco Steel Limited has signed an agreement with a renewable energy solutions provider to install a 2-megawatt (MW) solar power system at its Badami Bagh plant in Lahore. The company disclosed the development in a notice to the Pakistan Stock Exchange, terming it a “strategic investment” in green energy. The project, with an estimated capital expenditure of Rs121 million, is expected to deliver annual savings of around Rs129.65 million on energy costs. Beco said the initiative will lower…

Read More

K-Electric Seeks Amendments to IGCEP 2025–35 for Fair Market Participation

Admin
K-Electric-3

ISLAMABAD: K-Electric (KE) has proposed a series of amendments to the Indicative Generation Capacity Expansion Plan (IGCEP) 2025–35, aimed at ensuring fair competition and protecting its operational rights in Pakistan’s evolving electricity market. In a letter addressed to the Power Division, KE’s CEO Syed Moonis Abdullah Alvi urged support for key changes, including: KE further noted that its input on renewable integration, interconnection capacity, and demand forecasts had not been adequately reflected in recent IGCEP iterations. “We are confident the Power Division will carefully evaluate these proposals. KE remains committed…

Read More

Govt Plans New Gas Levy Amid Paradox of Glut and Rationing

Admin
New-SNGPL

ISLAMABAD: Despite Pakistan facing a natural gas and LNG glut, the government is moving towards imposing a captive power gas levy to ensure a “level playing field” between public and private sector gas suppliers. This development comes as Sui Northern Gas Pipelines Limited (SNGPL) continues unannounced rationing for residential and commercial consumers — even in summer — while simultaneously curtailing supplies from local producers. More than 300 mmcfd of cheaper domestic gas has been shut in, forcing producers like OGDCL, GHPL, and others to cut output, causing heavy financial losses…

Read More

deugro Successfully Delivers 58 Kilometers of Prysmian HVAC Subsea Cables for Cyclades IV Interconnector Project

Admin
New-Project17

Milan, Italy, September 8, 2025 — deugro Milan has successfully delivered 58 kilometers and 3,550 metric tons of Prysmian HVAC subsea cables for the Cyclades IV Interconnector Project, a critical initiative linking the Southern and Western Cyclades to Greece’s mainland grid. To ensure timely delivery, deugro developed a customized, end-to-end logistics solution covering transport from Prysmian’s manufacturing facility in Pikkala, Finland, to the transshipment port of Heraklion, Crete. The scope included a 23-meter-diameter carousel spread, engineering services, spooling operations, and technical personnel. The heavy-lift deck carrier Vestvind was secured to…

Read More