Category: Shortcode

Solis Marks 20 Years of Excellence with Bloomberg NEF Tier 1 Recognition

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New-Solis1

Ginlong (Solis) Technologies, a global leader in solar inverter manufacturing, proudly celebrates its 20th anniversary with a prestigious Bloomberg NEF Tier 1 ranking for Q1 2025. This recognition reaffirms Solis’ commitment to innovation, reliability, and sustainability in the renewable energy sector. The BloombergNEF Tier 1 designation is awarded to manufacturers demonstrating financial stability, consistent product performance, and a proven track record in large-scale solar projects. This milestone further solidifies Solis’ leadership in Pakistan’s solar industry, offering high-efficiency solutions to meet the nation’s growing energy demands. “Achieving Tier 1 recognition in…

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OGDCL Announces Significant Gas and Condensate Discovery at Soghri North-1 Well in Attock, Punjab

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New-OGDCL2

ISLAMABAD, March 17, 2025: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has announced a significant Gas and Condensate discovery at its Soghri North-1 well in the Soghri Block, located in the Attock district of Punjab. OGDCL is the sole of the Soghri Exploration License, with a 100% working interest.The Soghri North-1 well was spudded on May 21, 2024, as part of OGDCL’s ongoing commitment to exploring Pakistan’s hydrocarbon potential. Drilled to a total depth of 4,942 meters in the Patala Formation, the well underwent…

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Business Community Urges Govt to Revoke Abrupt Changes in Net Metering Policy

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soalr energy

PESHAWAR:* The business community has voiced strong opposition to the government’s sudden changes in the net metering policy, warning that the move will severely hinder the growth of the renewable energy sector. They have called for an immediate reversal of the decision. Speaking on Sunday, traders criticized the drastic reduction in the power purchase rate for solar panel owners—from Rs 27 per unit to Rs 10—calling it unfair and damaging to the sector. The 63% cut, they argued, would discourage new investment in solar energy and undermine the government’s renewable…

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PEL Begins Export Operations to the USA with First Transformer Shipment

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Pak-Elektron

LAHORE:* Pak Elektron Limited (PEL) has officially launched its export operations to the United States, marking a significant milestone in its global expansion strategy. In a notice to the Pakistan Stock Exchange (PSX), PEL announced that its first consignment of transformers departed from Pakistan on March 13, 2025. “This achievement reflects our commitment to exploring new international markets and enhancing our global footprint,” the company stated. Founded in 1956 and acquired by the Saigol Group in 1978, PEL specializes in manufacturing domestic appliances and electrical capital goods. The company operates…

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KE Board to Approve Additional Write-Off Claims Worth Rs 50 Billion

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K-Electric

ISLAMABAD:* The Board of Directors of K-Electric (KE) is set to approve additional write-off claims to secure the approval of Rs 50 billion in billing adjustments for the financial years 2017 to 2023. This move aligns with an understanding reached with the Task Force on Energy, headed by Federal Minister for Power Sardar Awais Khan Leghari. The 125th KE Board meeting, scheduled for March 18, 2025, will finalize these claims for submission to the National Electric Power Regulatory Authority (Nepra). KE Chairman Mark Gerard Skelton acknowledged the urgency of the…

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