Tag: AEDB

Dawood Lawrencepur to sell entire stake in Tenaga Generasi to Artistic Milliners

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wind-power

The Board of Directors (BoD) of Dawood Lawrencepur Limited (DLL) has entered into a Share Purchase Agreement (SPA) with Artistic Milliners (Pvt) Ltd for the sale of its entire shareholding in Tenaga Generasi Limited (TGL). The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “The BoD of DLL has approved entering into SPA with Artistic Milliners (Pvt) Ltd for the sale of the entire shareholding of the company in TGL, comprising of 227,027,613 shares i.e. 75% of the outstanding paid-up capital of…

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Commercial operation date: Nepra likely to grant Zorlu 4-month extension

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Global-power

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday hinted at granting extension for four months in Commercial Operation Date (COD) to Turkish power firm M/s Zorlu Enerji along with same tariff approved previously as the company has only one issue with CCPA-G, i.e., interpretation of word “degradation”. Asian Development Bank’s Senior Investment Officer, Sheryar Ali Chaudhary said that financing is not easily available for Pakistan right now but the Bank is only considering Zorlu’s loan request because it has given a corporate guarantee. He further stated that if the…

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Solar panel, allied equipment manufacturing: Govt decides to identify, plug policy gaps

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solar-panels

ISLAMABAD: An inter-ministerial meeting has decided to convene a meeting with local manufacturers of solar panels, glass, inverters, etc., to identify the policy gaps in Solar Panel and Allied Equipment Manufacturing Policy 2023 and prepare the roadmap for its implementation. The meeting presided over by Joint Secretary (LED), Ministry of Industries and Production was attended by representatives from the Special Investment Facilitation Council (SIFC), Ministry of Finance, Commerce, Energy (Power Division), Science and Technology, Board of Investment, Federal Board of Revenue and EDB. Neelofur Hafeez, Joint Secretary (LED), MoI&P briefed…

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