Category: News & Announcement

UBG President  Strongly Opposes Exorbitant Hike in Power Tariff

Admin
zubair-tufail

(24th July 2023) United Business Group(UBG) representing the nation’s economic backbone, stands united in expressing profound concern and anxiety over the recent exorbitant increase in electricity tariffs. This hike has raised significant apprehensions among businesses, threatening to impact the purchasing power of consumers, lead to a decline in exports and investments, and potentially result in the closure of industrial units. President UBG Mr. Zubair Tufail emphasizes that the surge in electric tariffs will have a devastating effect on Small and Medium-sized Enterprises (SMEs) and cottage industries. Prior to this hike,…

Read More

Germany to break free from Russian gas with two LNG terminals

Admin

This was announced by German Chancellor Olaf Scholz at a special session of the Bundestag on 27 February 2022 addressing Russia’s attack on Ukraine. As informed, the LNG terminals are planned to be located in Brunsbüttel and Wilhelmshaven. Currently, there are several liquefied natural gas terminals in Europe, however, none of them are located in Germany. Security of energy supply Scholz also confirmed the country will increase the amount of natural gas in storage via long-term options to two billion cubic meters. Furthermore, Germany will acquire additional natural gas on the world…

Read More

OLIVE TS, HDPPL sign ‘Services Agreement’

Admin
wind-energy

OLIVE Technical Services; a wholly owned subsidiary of Fauji Fertilizer Company (FFC) and Hydro China Dawood Power (Pvt) Ltd (HDPPL) signed a Services Agreement on Monday 28th February, 2022 at Gharo, Pakistan. Under this agreement, OLIVE Technical Services shall carry out detailed End of Warranty Inspection Services for 49.5 MW Wind Power Plant of HDPPL located at Gharo, Sindh, Pakistan. The services shall be conducted in two phases spanning over a period of 5 months. This is a big step towards self-reliance and sustainability of domestic wind industry, which will…

Read More