Category: Recent Post

SAIC Motor Corporation Limited, China’s largest automobile manufacturer, is to enter Pakistan’s first-ever private sector Special Economic Zone (SEZ) in Raiwind, Punjab, JW SEZ China-Pakistan SEZ, with an estimated FDI of Rs. 663 million and local investment of Rs. 637 million. The company plans to start manufacturing Electric Vehicles currently (EVs) in Pakistan with its local partner, JW-SEZ. It is not currently clear whether the private SEZ will manufacture vehicles only for the domestic market or also for exports. Companies are usually set up in SEZs (with special tax and…

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LAHORE: The Pakistan LPG Marketers Association (PLPGMA) has demanded the Oil and Gas Regulatory Authority (OGRA) to take stakeholders on board on the proposed LPG Policy 2021, a statement said on Friday.https://9b7624a5b1534cb434d3f5ddef8e4fec.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html In a letter written to the OGRA chairman, PLPGMA Chairman Farooq Iftikhar said that the Ministry of Energy, under the guidance of LG’s Director-General, has hastily and surreptitiously drafted the LPG Policy, which has not been circulated to any LPG marketing company for their feedback or comments. This policy is different from the one that was earlier prepared…

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ISLAMABAD: The Water and Power Development Authority (Wapda) on Thursday awarded a $354.6 million worth of contract to Power Construction Corporation of China Ltd (PCCCL) for civil works of the 1,530MW Tarbela 5th Extension Hydropower Project after completion of an international competitive bidding process. The contract was signed by Project Director Tarbela 5th Extension Project Muhammad Azam Joya and PCCCL Executive Representative in Pakistan Ling Jianke. The signing ceremony was also attended by Wapda Chairman Muzammil Hussain, World Bank Country Director Najy Benhassine, World Bank Task Team Leader Dr Rickard…

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Mumbai architecture firm NUDES has designed Solar Mountain, which could become a permanent installation on Burning Man’s 3,800-acre ranch in Nevada and produce 300 MWh of electricity annually. The design features an array of solar panels fanning out from a central spine. Construction is planned with modular design elements of recycled wood and other environmentally friendly materials. It would include four units, each with 182 solar panels of 300W capacity. Burning Man is an annual festival focused on community, art, self-expression, and self-reliance. The NUDES design is one of 10…

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Federal Minister for Privatisation Mohammad Mian Soomro chaired an inter-ministerial meeting in Islamabad to discuss and resolve issues regarding privatisation of energy sector entities Special Assistant to Prime Minister on Power and Petroleum Tabish Gohar, Privatisation Federal Secretary Hasan Nasir Jamy and other seniors of the ministry attended the meeting. NPPMCL Chief Executive Officer Dhanpat Kotak and the financial adviser participated via video link. In the meeting, various issues relating to privatisation of the National Power Parks Management Company Ltd (NPPMCL), Nandipur and Guddu power plants, divestment of shares of…

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