Pakistan’s president is set to arrive in Beijing on Tuesday for a five-day state visit. “At the invitation of Chinese President Xi Jinping, President Asif Ali Zardari of the Islamic Republic of Pakistan will pay a state visit to China from Feb. 4-8,” a spokesperson for China’s Foreign Ministry said Monday. Zardari is expected to meet with Xi and other…
Read MoreTag: China
Pakistan eyes $100bn investment for ‘green energy revolution’
Pakistan Targets $100 Billion Investment for Green Energy Revolution ISLAMABAD: Pakistan is set to attract $100 billion in investments to drive its ambitious green energy transition, aiming to expand renewable energy, cut carbon emissions, and build a sustainable energy future. Federal Minister for Power Awais Ahmad Khan Leghari, while briefing the Senate Standing Committee on Climate Change, outlined a roadmap…
Read MoreEnergy Update Extends Warm Wishes to China and Solar Industry on Lunar New Year
KARACHI: On the joyous occasion of the Chinese Spring Festival and the Year of the Snake, Energy Update extends its heartfelt greetings to the people of China, President Xi Jinping, and the global solar industry, especially Chinese solar companies and partners who have been instrumental in driving the renewable energy revolution worldwide. China’s remarkable leadership in clean energy and solar…
Read MoreChinese Official Criticizes Pakistan Over “False Rhetoric” and Security Challenges in CPEC Projects
ISLAMABAD: Wang Shengjie, China’s political secretary to Pakistan, has expressed grave concerns about the future of the $62 billion China-Pakistan Economic Corridor (CPEC), citing Pakistan’s “false rhetoric” and inadequate security measures. In an interview with The Guardian, Wang highlighted growing tensions over unmet expectations and security risks jeopardizing China’s flagship Belt and Road Initiative project. “Without improved security, who would…
Read MoreChina’s Solar Sector Update: NEA Finalizes Distributed Solar Rules, Longi Secures Major Deal
BEIJING: The National Energy Administration (NEA) has issued the final Administrative Measures for the Development and Construction of Distributed Solar Power Generation, replacing the interim regulations from 2013. These comprehensive rules outline standards for all stages of distributed solar projects, including definitions, oversight, project filing, construction management, grid integration, and operations. Effective May 1, 2025, the new framework will apply…
Read MoreEDB to Draft Comprehensive Power Sector Indigenisation Plan
ISLAMABAD: The Engineering Development Board (EDB) has been entrusted by the Ministry of Energy, under the National Electricity Policy 2021 and National Electricity Plan 2023, to design a comprehensive Power Sector Indigenisation Plan (PSIP). This initiative seeks to promote import substitution, enhance localisation, and unlock export potential for Pakistan’s electrical power equipment. The PSIP will focus on localising the production…
Read MoreChina Sets New Records in Solar and Wind Power Installations in 2024
HONG KONG, (Reuters) – China achieved unprecedented growth in renewable energy installations in 2024, breaking previous records in its rapid pursuit of clean energy dominance, according to official data released on Tuesday. The National Energy Administration (NEA) reported a staggering 45.2% increase in solar power capacity and an 18% rise in wind power installations compared to 2023. Solar capacity now…
Read MoreFinance Minister Calls for Timely Implementation of NEV Policy 2025-30
ISLAMABAD – Federal Minister for Finance Muhammad Aurangzeb has emphasized the urgent need for the timely development and implementation of Pakistan’s New Energy Vehicle (NEV) Policy 2025-30 to drive the country’s transition to clean energy in the transport sector. Chairing a high-level meeting, the minister highlighted the importance of coordinated efforts to achieve the policy’s ambitious targets, aligning them with…
Read MoreWafi Energy Pakistan Appoints Zubair Shaikh as Interim CEO Following Leadership Transition
The Board of Directors of Wafi Energy Pakistan Limited, formerly Shell Pakistan Limited, has appointed Zubair Shaikh as interim Chief Executive Officer (CEO), effective February 1, 2025. The announcement follows Waqar I. Siddiqui’s decision to step down as CEO on January 31, 2025. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Wednesday, with the…
Read MoreChina Rises to Second-Largest Global Lithium Reserves, Boosting EV Battery Dominance
China has emerged as the world’s second-largest holder of lithium reserves, solidifying its leadership in electric vehicle (EV) batteries and renewable energy technologies. According to Xinhua, China’s share of global lithium reserves has surged from 6% to 16.5%, surpassing Australia, Argentina, and Bolivia, with only Chile ahead. This milestone is attributed to significant discoveries and breakthroughs in extraction technologies. Key…
Read More