Category: Shortcode

Govt Forms Committee to Resolve Dispute Over OGDCL Share Transfer

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ogdcl

ISLAMABAD: The federal government has formed a committee to address the dispute regarding the transfer of 322,460,900 shares of Oil and Gas Development Company Limited (OGDCL). The Ministry of Planning, Development, and Special Initiatives opposes the proposal to transfer these shares to the Ministry of Energy (Petroleum Division), recommending instead that they be transferred to the Pakistan Sovereign Wealth Fund (PSWF). In response to this disagreement, a committee led by Deputy Prime Minister and Foreign Minister Ishaq Dar has been established to review the legal implications of the share transfer.…

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NEPRA Dismisses CPPA-G’s Tariff Revision Petition for Star Hydro Power

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Dam-Hydro

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has rejected the Central Power Purchasing Agency Guarantee Limited’s (CPPA-G) petition to modify the tariff for Star Hydro Power Company. The petition, which sought to revise the tariff by excluding Principal Debt Damages awarded by the London Court of International Arbitration (LCIA), was deemed inadmissible due to insufficient legal grounds. Star Hydro Power Limited (SHPL) operates a 147 MW Patrind Hydro Power Plant in Azad Jammu and Kashmir (AJ&K). NEPRA previously set the project’s levelized tariff in 2009 and approved the Power…

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SNGPL, LCCI, and NESPAK Celebrate Pakistan’s 77th Independence Day with Patriotic Ceremonies

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SSGC-SNGPL

LAHORE: Sui Northern Gas Pipelines Limited (SNGPL), the Lahore Chamber of Commerce & Industry (LCCI), and NESPAK commemorated Pakistan’s 77th Independence Day with patriotic fervor through various ceremonies held in Lahore. At SNGPL Head Office, a flag hoisting ceremony was led by Managing Director (MD) Amer Tufail, who urged employees to work unitedly for the betterment of the country and the company’s development. He also paid tribute to Quaid-e-Azam Muhammad Ali Jinnah and Allama Iqbal for their pivotal roles in securing Pakistan’s independence. The event concluded with the MD planting…

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Power Sector Urges Implementation of 2020 IPP Report’s Recommendations

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Power-sector

LAHORE: Experts in Pakistan’s power sector are calling for urgent transparency and accountability by enforcing the recommendations of the 2020 Report on Independent Power Producers (IPPs). This report, released in March 2020, exposed significant irregularities, including excess payments of over Rs 100 billion to IPPs. Despite recommendations for a forensic audit and recovery of these excess payments, no substantial actions have been taken. The 288-page report, prepared by the committee for power sector audit, circular debt resolution, and future roadmap, outlined severe issues plaguing the sector, but its recommendations remain…

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Solis Tops Global Rankings in Residential PV String Inverters

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Solis-Tops

LAHORE: Solis (Ginlong Technologies), a leading name in solar inverter technology, has achieved the #1 ranking in global residential inverter shipments, according to the latest market share report by Wood Mackenzie. This marks a significant milestone for Solis, which previously held the position of the world’s third-largest PV inverter manufacturer across all segments for three consecutive years. This achievement underscores Solis’ dedication to innovation, quality, and customer satisfaction. The company’s rise to the top of the residential inverter market reflects its strategic focus on developing high-performance and reliable inverter solutions…

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