In Short : The Asian Development Bank has approved a $330 million loan to expand Pakistan’s clean energy transmission network. The funding will help upgrade infrastructure, improve grid stability, and support the integration of more renewable energy into the national system. The project aims to reduce reliance on fossil fuels, enhance energy security, and accelerate […]
ADB Approves Financing for Transformative Reko Diq Copper Mining Project in Pakistan – EQ
In Short : The Asian Development Bank (ADB) has approved financing for Pakistan’s transformative Reko Diq copper mining project, one of the world’s largest undeveloped copper-gold deposits. The funding will support sustainable development, job creation, and economic growth while ensuring environmental and social safeguards. The project is expected to significantly boost Pakistan’s mining sector and […]
Oracle Power in talks for $1.4b financing of hybrid RE plant in Pakistan – EQ
In Short : Oracle Power is in discussions to secure $1.4 billion in financing for a hybrid renewable energy (RE) project in Pakistan. The proposed plant will combine solar and wind energy, aiming to bolster the country’s clean energy capacity. This investment aligns with Pakistan’s efforts to diversify its energy mix and reduce reliance on […]
UAE president seeks collaboration with Pakistan in mining, minerals sector – EQ
In Short : The President of the UAE has expressed interest in collaborating with Pakistan in the mining and minerals sector. This partnership aims to leverage both nations’ resources and expertise to enhance the growth of this key industry. The collaboration is expected to foster economic development, promote investment, and create job opportunities, strengthening bilateral […]
Pakistan Initiates 100 MW Solar Project to Tackle Power Outages and Boost Renewable Energy – EQ
In Short : Pakistan plans to develop a 100 MW solar power project as part of its strategy to combat frequent power outages. This initiative aims to reduce dependence on traditional energy sources, boost the country’s renewable energy capacity, and provide a reliable electricity supply. The project is a significant step towards addressing energy shortages […]
Pakistan, Turkmenistan sign joint implementation plan to execute TAPI gas pipeline project – EQ Mag
Islamabad : Pakistan and Turkmenistan on Thursday signed a joint implementation plan to execute the multibillion-dollar Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. The signing ceremony was witnessed by Prime Minister Shehbaz Sharif and a delegation of Turkmenistan led by Minister of Energy and Water Resources Daler Juma’a, state-run Radio Pakistan reported. State Minister for Petroleum Musadik […]
Pakistan to pay USD 18 billion in penalty if it doesn’t go ahead with Iran-Pakistan Gas Pipeline project – EQ Mag
Concerns were raised by Pakistan’s Public Accounts Committee (PAC) on Wednesday over the payment of $18 billion in penalty if the country does not go ahead with the Iran-Pakistan Gas Pipeline project. As quoted, PAC Chairman Noor Alam Khan said, “The US should pay the penalty if it does not approve of Pakistan and Iran […]
UAE intends to invest $1bn in Pakistan – EQ Mag Pro
The move aims to explore new investment opportunities and areas for cooperation in projects across various sectors, says Emirates News Agency ISLAMABAD: The United Arab Emirates (UAE) has expressed its intention to invest $1 billion in Pakistani companies in various economic and investment sectors. According to the Emirates News Agency, the move aims to explore […]
Pakistan aims to achieve 60 pc renewable energy mix by 2030 – EQ Mag Pro
Punjab Minister for Housing, Urban Development and Public Health Engineering Mian Mahmood-ur-Rasheed has announced government’s plan to convert 60 per cent of power consumption to solar energy by 2030. The minister was addressing the audience at a “Sungrow Power Day 2021 – Lahore Chapter, a grand event” organized by Sungrow, the global leading inverter solution […]
Huawei Pakistan And Enertech Kuwait Signed MoU to Promote the Development of Eco-Friendly Smart Tourist Destinations And Solar Power Plants
Enertech Holding Company Kuwait aims to develop an Eco-Friendly Smart Destination and 500 MW of Solar Power Plants in Pakistan to promote the tourism and renewable energy sectors of Pakistan, in partnership with Huawei Technologies Pakistan (PVT) Ltd. Huawei will be the leading technology partner and will support Enertech for this bigger development goal. The […]