Category: Shortcode

Progress of Spat Gah power project reviewed

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power-project

PESHAWAR: Secretary Energy and Power Nisar Ahmad Khan called foreign investment as a milestone in the coming days for the development of the energy sector in the province.The senior official said that the natural resources of hydropower found in Khyber Pakhtunkhwa are a valuable treasure here, which if not utilized will only save the country from the current energy crisis and can be extracted, but the province will also get billions of rupees annually from energy projects.He expressed these views regarding the progress of the 470 MW Lower Spat Gah…

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Pakistani, Chinese cos reach preliminary agreement to introduce solar e-bikes

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Electric-bikes

ISLAMABAD: Chinese and Pakistani companies have reached a preliminary cooperation agreement to introduce eco-friendly solar e-bikes to Pakistan.The joint venture involves Road King, a leading electric scooter brand in Pakistan, and AGAO Solar Mobility, a China-based startup specializing in solar-powered scooters, as reported by a private news channel.As reported by the China Economic Net (CEN), both parties engaged in detailed discussions about the local transportation market demand in Pakistan, product development trends, and specific cooperation modalities.Chinese company said that this innovative approach is dedicated to providing zero-carbon-emission solutions for short-distance…

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Govt notifies major power tariff hike

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power-subsidy

Sharp rise in power rates to affect millions of consumers ISLAMABAD: The PML-N led federal government has finally notified a phenomenal increase in power tariff for all consumers including those served by the K-Electric—a hike that is going to affect millions of power users across the country.The Power Division on Sunday issued the notification for the increase in the basic electricity tariff, raising the basic tariff for domestic consumers by up to Rs7.12 per unit. However, domestic consumers using up to 200 units per month are exempt from this increase…

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PM livid over negligence in construction of key hydel project

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Karot-Hydropower

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday formed a committee to reactivate the Neelum-Jhelum hydropower project, directing the relevant officials to com­plete investigation into its recent closure and identify those responsible for the defects in its design.While chairing a meeting at PM House during which a preliminary investigation report was presented, the prime minister expressed annoyance over the ‘criminal negligence’ committed in the past and ordered immediate completion of the probe and strict action against those found responsible for it.“Experts pointed out that there were defects in the design, concrete…

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PSO Board Approves Up to $3M for Market Study

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pso

ISLAMABAD: In a significant move, the Pakistan State Oil (PSO) board has approved up to $3 million for a market study to evaluate the feasibility of a $10 billion green refinery or crude-to-petrochemical complex project. Pakistani authorities have already announced a new green refinery policy, offering substantial incentives such as a 7.5% deemed duty for 25 years and a 20-year tax holiday, aligning with Saudi Aramco’s preferences. However, Saudi Aramco has shifted its global investment focus away from refineries. Following extensive diplomatic negotiations, Saudi Aramco recommended including the Chinese firm…

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