Category: Latest News

Solarising Pakistan: The clean energy surge that can power industrial revival, economic sovereignty

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Karachi: At a time when Pakistan’s economy is straining under the weight of crippling energy costs, capacity payments, and an unsustainable reliance on imported fuels, a powerful counter-narrative is rapidly gaining momentum: solar energy is no longer an alternative—it is an inevitability. This unmistakable message resonated forcefully at the Pakistan Solar Association’s (PSA) annual dinner in Karachi, a landmark event that underlined the sector’s growing confidence, unity, and strategic clarity. The PSA reaffirmed its unwavering resolve to extend full support to stakeholders across government, energy, business, and industry to harness…

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Leghari Says Relief Package Eliminates Industrial Power Bill Burden

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Leghari

ISLAMABAD: Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari on Friday said the government has reduced electricity tariffs for industrial consumers by Rs4.04 per unit under a special relief package announced by Prime Minister Shehbaz Sharif. In a statement, the minister said the financial burden on industrial electricity bills, which stood at Rs8.90 per unit at the beginning of the current government’s tenure, has now been brought down to zero. He added that the move would also result in a reduction in wheeling charges, with industries benefiting from…

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Saudi Wafi Energy Partners Hyundai to Supply Lubricants for Vehicles in Pakistan

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New-Project44

ISLAMABAD: Saudi Arabia’s Wafi Energy Pakistan Limited on Wednesday announced a strategic agreement with Hyundai’s official manufacturing partner in Pakistan to supply premium lubricants for Hyundai vehicles across the country. Wafi Energy, an affiliate of the Asyad Group, became the majority shareholder of Shell Pakistan Limited (SPL) in November 2024 and currently holds about 87.78 per cent of the company’s issued share capital. Shell Pakistan, one of the country’s oldest multinationals, operates a nationwide network of more than 600 retail sites, extensive storage facilities and a broad portfolio of globally…

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KP Completes 10 Hydropower Projects, Set to Earn Rs13bn Annually

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hydro-power

PESHAWAR: Khyber Pakhtunkhwa has completed 10 hydropower projects with a combined generation capacity of 224 megawatts, expected to generate annual revenue of around Rs13 billion for the province, Secretary Energy and Power Nisar Ahmad said on Wednesday. Presiding over a meeting, the secretary said that seven additional hydropower projects would be completed over the next two years, raising the province’s clean and low-cost energy capacity to about 1,000MW and increasing annual earnings to an estimated Rs55bn. He added that work was also underway on three flagship projects in Swat district,…

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K-Electric to Provide Dedicated Power Supply for BYD’s NEV Manufacturing Plant

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New-Project43

KARACHI: K-Electric (KE) and Mega Motor Company (MMC), BYD’s partner in Pakistan, have signed a Memorandum of Understanding (MoU) for the provision of a dedicated 5MW power connection—scalable up to 7.5MW—to support BYD-MMC’s new energy vehicle (NEV) manufacturing operations in the country, which are scheduled to commence in 2026. Under the agreement, BYD-MMC will develop and finance a dedicated power supply arrangement, facilitated by K-Electric, to ensure reliable, flexible and uninterrupted energy availability as production volumes increase. The initiative is aimed at supporting BYD’s highly automated, technology-driven manufacturing processes in…

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