Category: Shortcode

Engagement with IPPs: CCoE directs PD to initiate separate case

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cpec

ISLAMABAD: The Cabinet Committee on Energy (CCoE) has directed the Power Division to initiate separate case for engaging with remaining Independent Power Producers (IPPs), including those dealing with hydel power that did not sign the MoUs, official sources told Business Recorder. On January 26, 2024, the CCoE was informed that the Power Division moved a summary titled Implementation of Master Agreements and PPA amendments with Wind Power Producers (WPPs) of May 25, 2023. CCoE considered the summary and directed Power Division to chalk out a new strategy to continue engaging 14…

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Oil gains after OPEC+ maintains output cuts, but heads for weekly losses

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Oil-gains

SINGAPORE: Oil prices rose in early trade on Friday following a decision by OPEC+ to keep its oil output policy unchanged, though benchmarks were headed for weekly losses amid unsubstantiated reports of a ceasefire between Israel and Hamas. Brent crude futures climbed 37 cents, or 0.5%, to $79.07 a barrel at 0415 GMT, while U.S. West Texas Intermediate crude futures gained 30 cents, or 0.4%, to $74.12 a barrel. On Thursday, two OPEC+ sources said the group has kept its oil output policy unchanged, and will decide in March whether…

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CDWP clears four projects worth Rs138.66bn

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CDWP-Project

ISLAMABAD: The Central Development Working Party (CDWP) has cleared four development projects with a total cost of Rs138.66 billion. The CDWP approved one development project with a cost of Rs2 billion and recommended three projects valued atRs136.660 billion to the Executive Committee of the National Economic Council (ECNEC) for further consideration. The CDWP met with Deputy Chairman Planning Commission Mohammad Jehanzeb Khan in the chair at P-Block Secretariat on Thursday. CDWP clears four uplift projects worth Rs36.22bn Secretary Planning Awais Manzur Sumra, senior officials from the Planning Commission and federal…

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150MWP SUKKUR SOLAR POWER PLANT STARTS COMMERCIAL OPERATIONS

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SOLAR-POWER

Nizam Energy and its Partner Scatec Solar are proud to announce the start of Commercial Operations at its landmark 150MWp Solar Power Plant in Sukkur, Pakistan. The power plants will generate approximately 300 GWh annually under 25-year power purchase agreements with Central Power Purchasing Agency of Pakistan (CPPA). The Solar Power Plant is located in the city of Sukkur, and will provide clean energy to the national grid in Pakistan. We would like to take the opportunity to thank our long standing partner Scatec ASA, our Consortium of Banks, Government…

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Polls laced with unpredictability

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party-secures

Independents may play key role if no party secures decisive majority ISLAMABAD: The next general elections scheduled on the 8th of this month are poised to be a pivotal chapter in Pakistan’s political history, as they are marked by multifaceted challenges and evolving dynamics. As the nation grapples with its worst economic crisis, security concerns from militant groups, and disillusioned youth, the political stage is set for a complex and intriguing electoral battle. The security challenges are significant, with the Tehreek-e-Taliban Pakistan (TTP) and Da’esh posing serious threats, especially in…

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