Category: Shortcode

Chinese company, CIHC Pak Power Company (Pvt) Limited has sought approval of additional cost on study for conversion of 330-MW Gwadar Port power project from imported coal to Thar coal. In a letter to Managing Director PPIB, Shah Jahan Mirza, company Chairman Zhao Bo has cited the reference to the Meeting Minutes duly issued by PPIB on September 28, 2022 and on July 15, 2022. The power firm, on urging of PPIB, to switch the project from imported South African coal to local Thar coal, engaged a power design institute…

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Central Power Purchasing Agency-Guaranteed (CPPA-G) has reportedly sought Rs100 billion for Revolving Account for coverage of payment to Chinese IPPs for 5-6 months as per Revolving Account Agreement (RAA), well informed sources in CPPA-G told Business Recorder. Chinese IPPs have been agitating for the last one year on the issue of due payments and urging GoP to open Revolving Account to resolve this issue, which has already halted new investment in Pakistan, sources added. Chinese ambassador to Pakistan and Chinese companies have held meetings with Prime Minister, Finance Minister, Power Minister…

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Trina Solar, the global PV and smart energy total solutions provider, has unveiled its latest head-turner, the Vertex N 595W for C&I and utility-scale projects. Together with the Vertex N 690W for utility scenarios and Vertex S+ 445W for rooftop PV systems, Trina Solar’s n-type module portfolio is based on the leading 210 product technology platform and n-type i-TOPCon cell technology. The release of Vertex N will hit and reshape the PV market again. Vertex N 595W strengthens Vertex family, and is ready for deliveryThe newly announced Vertex N module,…

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Power Division is to give a detailed presentation to the federal Cabinet on power theft across the country and measures taken to curb the such practice, official sources told Business Recorder. On October 11, 2022, Power Division briefed the federal Cabinet that major international events had resulted in disruption to the global energy supply chains. As a result, global price of crude oil and imported coal had witnessed an increase of 32 percent and 103 respectively only in the last nine months. Pakistan being a net importer of energy resources was…

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Pakistan on Saturday requested China to rollover its $6.3 billion debt that is maturing in next eight months as part of its overall plan to arrange $34 billion in the current fiscal year to meet its debt and external trade-related obligations. Another proposal was also under consideration to seek a fresh Chinese loan to repay the maturing bilateral debt during the fiscal year 2022-23, ending on June 30. The issue of rollover and refinancing of nearly $6.3 billion commercial loans and the central bank debt was discussed in a meeting…

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