Category: Shortcode

CCP Greenlights Merger in Thermal Power Sector

Admin
power-subsidy

The Competition Commission of Pakistan (CCP) has granted approval for a merger within the thermal power sector. The sanctioned transaction involves M/s. Whistler Enterprises (Private) Limited (WEL) acquiring a 20.97% stake in M/s. Orient Power Company (Private) Limited (OPCOL). WEL, a newly established private limited company in Pakistan, specializes in power generation businesses and related services. On the other hand, OPCOL is an independent power producer operating a 225-MW power plant in Balloki, Kasur. The acquisition is from M/s. Mahmood Textile Mills Limited and Khawaja Mehr Ali, facilitated by a…

Read More

PPIB Proposes 10% Duty on Solar PV Module Imports for a Decade

Admin
solar-panel

The Private Power and Infrastructure Board (PPIB) has recommended imposing a 10 percent duty on the import of solar PV modules for the next 10 years and beyond. This proposal aims to boost domestic manufacturing of PV panels, as per sources familiar with the matter. The proposal, part of the “Solar Panel & Allied Equipment Manufacturing Policy 2024” draft, suggests a constant 10% duty over the specified period. PPIB argues that this strategy will support new manufacturers and incentivize consumers to opt for local products, gradually reducing dependence on imports.…

Read More

President Zardari Calls for Global Action on Climate Change and Green Investment

Admin

In a recent meeting with Azerbaijan’s Minister of Ecology and Natural Resources and COP29 president-designate, Mukhtar Babayev, President Asif Ali Zardari emphasized the urgent need for global collaboration to combat climate change. He highlighted the importance of adopting green technologies, promoting afforestation, and reducing greenhouse gas emissions to address environmental challenges effectively. President Zardari noted that climate change is impacting glaciers and causing water scarcity, stressing that a united effort is crucial to mitigate these adverse effects. He congratulated Azerbaijan on hosting COP29 in November and expressed hope that the…

Read More

K-Electric’s Proposed Fuel Adjustment Charges Met with Resistance

Admin
karachi-electricity

ISLAMABAD – The National Electric Power Regulatory Authority (Nepra) confronted K-Electric’s request for an additional fuel cost recovery of up to Rs18.6 per unit from its consumers over the past nine months. During a public hearing led by Nepra’s Sindh member, Rafique A. Shaikh, key consumer groups and trade bodies strongly opposed any tariff hikes until consumers receive approximately Rs75 billion owed to them, currently blocked by legal challenges initiated by K-Electric. Major concerns raised during the hearing included questioning the legitimacy of provisional fuel cost adjustments (FCA) based on…

Read More

POGEE 2024: Energy Sector’s Premier Exhibition Inaugurated in Lahore

Admin

Lahore, Pakistan: The 18th edition of the Pakistan Oil, Gas & Energy Exhibition (POGEE) kicked off with great fervor at the Lahore Expo Centre, showcasing the latest advancements in Oil, Gas, and Power technologies. This year’s event, held alongside the 15th Safe Secure Pakistan (SSP) exhibition, witnessed a notable gathering of industry leaders and participants from both national and international spheres. The ribbon-cutting ceremony, a symbol of the event’s commencement, was graced by esteemed personalities including Mr. Zaki Aijaz, Vice President of the Federation of Pakistan Chambers of Commerce &…

Read More