Cabinet Approves of Settlement Agreements with Eight IPPs to Reduce Power Tariffs
The federal cabinet in its meeting, with Prime Minister Muhammad Shehbaz Sharif in the chair, approved settlement agreements with eight independent power plants (IPPs) running on bagasse. These power plants included DW Unit I, Unit II, RYK Mills, Chiniot Power, Hamza Sugar, Al-Moez Industries, Thal Industries and Chinar Industries. After the approval of these agreements,…
Editor
CCP approves 50% acquisition of total Parco by Gunvor Group
The Competition Commission of Pakistan (CCP) approved 50% acquisition of total Parco by Gunvor Group, signaling growth in Pakistan’s fuel and lubricants Sector.
Adil Aziz
CCP approves 50% acquisition of Total Parco by Gunvor Group
The Competition Commission of Pakistan (CCP) granted approval for the acquisition of 50 percent share-holding in M/s. Total Parco Pakistan Limited (TPPL) by M/s. Aquashore SA, a company operating under Switzerland’s Gunvor Group.
Mehfooz
Terminating PPAs – A panacea to release consumers from IPPs clutches
Switching towards Competitive Trading Bilateral Contracts Market (CTBCM) regime, liberalization and privatization of power sector will have longstanding effects on power tariff, paving way for relief to consumers and contribute to overall economic growth of the country.
Victory for Shell in Climate Case Appeal Against Dutch Court
Shell won its appeal against a landmark climate ruling in the Netherlands, which in 2021 ordered the oil and gas company to sharply reduce greenhouse gas emissions.
FPCCI calls for winter package for Export-Oriented Industries
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has urged the government to announce a comprehensive, effective and multi-sectoral winter package for trade and industry to mitigate and overcome challenges in industrial production.
New EV Policy to Be Announced on November 30
Minister of Food Security, Industries and Production Rana Tanveer Hussain told the Senate that the Electric Vehicle (EV) policy would be announced on November 30 to promote local manufacturing of EVs and ensure a sustainable transport system.
Wafi Energy acquires major stake in Shell Pakistan
Wafi Energy Holding Limited (Wafi Energy) becomes the majority shareholder of Shell Pakistan Limited (SPL) after the company, a subsidiary of Shell plc (Shell), completes the sale of its 77.42 percent interest in SPL.
BYD Showcases Flagship EV at Pakistan Auto Show 2024
BYD, the world’s leading New Energy Vehicle (NEV) manufacturer and pioneer in sustainable transportation solutions, participated in the prestigious Pakistan Auto Show 2024 through local partner Mega Motor Company (MMC). The company unveiled its highly anticipated NEVs to the local market at the event as well as officially opened bookings for two flagship models, BYD ATTO 3 and BYD SEAL, reinforcing its commitment to advancing the adoption of electric vehicles in Pakistan.
Lucky Cement leading way in clean, renewable energy
Lucky Cement Limited has completed the commissioning of its 28.8 MW captive wind power project at the Company’s Karachi Plant.