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PRN Saa asso yA EOSIN MCL Wee aac a Wes loaNg MANUFACTURING: Mr. Kashif Khatri Da era re CEO ees CORPORATE OFFICE Plot # 1093 Sector 32-A Korangi Industrial Area, Karachi Py Melzalas OAs ata ney le ate omnes pense WL Cie taiih © infe@unieng.compk @ www.unieng.compk () universatengineeringco @ /universclengineeringkhiRegd No. MC-803 MONTHLY January 2024 Vol. 3N0.5 Pakistan Edition Se cemerun ex w y i MAGZTER oe ee etnies, Seeiaelee ?, www. magzter.com/p/EIR-t Founder: Dr. Aftab Ahmad iraqu (Late) Chief Editor & CEO: Engr. Yaser Aftab Iraqui ‘Member: Karachi) Chamber of Commerce & Industy Life Member: Pakistan HVACR Society Advertisement: For Pakistan: eir347sales@gmail.com For Overseas: eirpkoverseas@gmail.com Mailing Address: Engineering & Industrial Review™ EIR House, R-156, Sector 15-A/4, Bufferzone, Karachi-75850, Pakistan. Phone: (+92 21) 36950909 Website: www.eirpk.com >AKISTAN-EDITION pe = Printer: Figier Muhammad Ibrahim Quraishi Es 48, Sunny Plaza, Hasrat Mohani Road, Karachi Publication Disclaimer: ‘Subscription Rates in Pakistan Per Annum: Engineering & Industrial Review does not accept any responsibilty ining to technical data eitoral material or advertisements ‘appearedin this publication. EIR does not endorse warranty of (guarantee of any product, service, process, procedure, design ets or the ike EIR does net warrant tat the information in this publication is iee of errors and the EIR does not necessarily ‘Al Rights Reserved Copyright ©2024 by Engineoring &Industial Review” Rs.6000.00 (For Karachi) Rs 8000.00 (For Outside Karachi) Overseas Subscription Rates Per Annum: Middle East & South Asia: US $ 3860 Maree with any agreement or opinion in this publication, Europe, Attica, Far & South East Asia US $ 3670 North America & Australia US $ 3680 Central & South America US § 3690 ranging dtl en) nvr 3 can por Yo enemting ns rd iraten Pate ataJANUARY 2024 C@NTENTS This issue contains 32 pages News 1 1 Cover Story 1 8 ASHRAE News ‘ 1 8 Training News 1 9 Trade News 20 HVACR Trends 22 Investment News 2 3 Project Financing 24 Energy News 25 Renewable Energy 26 LNG News Z Wf Buyers Guide 29 Professionals Corner EIR 2 9 wennmesions MIDDLE EAST iy ultech 33News s Prime Minister urged business community to take advantage of SIFC Karachi: Caretaker Prime sentiments and propelling the collaborate with higher about the synergies between fnister Anwaar-ul-Haq_ Pakistan Stock Exchange by education institutions. the Pakistan Stock Exchange Kakar, reiter 33% in November to the and her professional journey. govemment’s commitment fo historic 60,000-point mark, Prime Minister Kakar urged provide a conducive besides boosting investors’ the corporate sectorto explore __Emphasising the visible ‘opportunities in potential of the PSX, with a regions like noteworthy gain in the last Economic quarter of 2023, she Cooperation highlighted the government's Organization (ECO), collaborative efforts that Caucasus, and the enabled the swift stabilisation unexplored around of the economy within a short 1.3 billion African period. population. He ‘emphasised the need She stressed the need to to prepare for $36 harness the underlying trillion trade activity potential of the PSX further expected to take and pledged the govemment’s pace in China within commitment to sow the seeds 10-15 years. for future growth, He encouraged She hinted at significant environment and streamlining confidence, Welcoming the soul-searching and progress in the restructuring regulations, urged the local private sector to invest and improvement of approaches of the Federal Board of business community to take take advantage of the to envision Pakistan as the Revenue (FBR), assuring that advantage of the Special government's measures, he economic power of the tangible resulis would be Investment Facilitation called for building and re- region. evident before the departure Council (SIFC). branding Pakistan. of the interim government. He said Pakistan, a 240 ‘The prime minister, He said the privatisation million nation with immense ‘The finance minister addressing the ceremony for process was under way that natural resources like four highlighted the government's distribution of Pakistan Stock would also have positive seasons, mountains, as well commitment to facilitating Exchange (PSX) Awards to impacts on the economy. as the youth bulge, was businesses and said the PSX top 25 companies of the destined to rise ‘had made substantial inroads country for the year 2022, The prime minister, who into Islamic finance which said the caretaker also distributed awards The prime ministersaid the also got recognition from the government's ultimate goal among the top 25 companies, award ceremony to recognise market, ‘was to provide a blueprint for said the PSX mirrored the outstanding companies Was a the next government. vibrancy of the corporate testament to cooperation She said the country sector and highlighted the between the government and established an investor He said the government symbiotic relations between the corporate sector. protection system, as well as, had sought help from the the govemment’s policies and ‘robust appellate mechanism. Pakistan Army to facilitate the prosperity of the He congratulated award- the business environment businesses. vwinning companies on their Started with the recitation through the SIFC forum, extraordinary performance of Quranic verses and the Ho emphasised the inherent and said such ceremonies National Anthem, the awards He told the gathering that responsibility of Corporate would ereate a culture of ceremony was also attended the measures taken by the Social Responsibility (CSR), healthy competition to inspire by Sindh Governor Kamran government, including the urging businesses to adopt it more firms, Khan Tessori and Caretaker crackdown on smuggling, as a moral obligation rather Chief Minister Justice illicit foreign currency trade than mere rhetoric. He also In her address, Caretaker Magbool Bagir, in presence and power theft, had yielded urged business leaders to Finance Minister Dr of a large number of results, triggering market embrace digital evolution and Shamshad Akhtar talked prominent business figures. EIR - January 2024 - 10COVER STORY i Ramzan Sharif newly elected President will take strong initiatives for the betterment of Pakistan HVACR Society in Research & Development, Training, Digitalization, Local Manufacturing, Internship, Expo and Membership Mr, Ramzan Sharif, ~ PHVACR Society the new elected President - offices as; a learning of Pakistan HVACR - center. Society forte term 2003- He believes P development of He is a member of ’ members is necessary Pakistan Engineering forthe growth of Society. Council and ASHRAE (American Society of He has members from Heating, Reffigeration 8: diversified ficlds of Air-conditioning expertise like after: Engineers) services, execution, consultancy, equipment Afler his graduation in suppliers, management Mechanical Engineering and business owners. from University of Engineering & He would like to have Technology, Lahore, 4 comprehensive training plan for each & every level and fields. ‘Mr. Ramzan would take He established his own initiative in Research & business GREEN Development. R&D will TECHNOLOGIES in be imperative for the 2007. society to be effective in public & private sector. He served as Chapter R&D is avery crucial to Chairman, Lahore, promote local Pakistan HVACR Society for organized grand HVACR HVACR Society be will focus manufacturing, the term of 2015-17 and Expo in Lahore which was, ss, he believe Executive Council Member app! sngineeringand. traning is one ofthe most Most ofthe books and of Pakistan HVACR Society HVACR professionals. important means for literature available arc in for the term 2009-11 and lopment of any English language, hence 2011-13, Mr. Ramzan Sharif will ake majority of our members are strong initiatives for the eto from During that period he betterment of Pakistan He would like to see all them due to language barrier. EIR - January 2024 - 11 at different positions.COVER STORY is He will make some situation of the country, believes that we have a great manufacturer, in a bid to amrangement to translate & opporuniiestoenhanee work potential for membership stimulate theirimerest endo print important technical skills and job hunting is promotion, and need to help them showease their papers & books in Urdu. limited which will in retum explore new cities which may products to the customers. improve over the time. Itwill lead to new sections or sub He need to review existing also support our members in chapters, Main frame work of RAC books in Urdu and search of skilled work force. byelaws was written in 1993 support authors for printing Mr. Ramzan Sharif also and will be reviewed and of modified version. ‘Mr. Ramzan Sharif will wants to evaluate commercial amended in order to make continue digitalization of scale of HVACR expos in society more efficient and Further he wants to society operations including Pakistan effective. Further he feels encourage new RAC books development of database, society needs a new outlook. boing written in Urdu. As an active social media platforms —_In his opinion HVACR New name, easy to HVACR society he thinks we and communications with expo isa brand and we need pronounce, and new attractive need io have a database of |“members. to treat it as a brand. Hence logo. HVACR related introduce a new logo and industryfousiness! market size He will also drive a name for that. “The election and oath taking etc. campaign to request to all of Executive Council of business owner society About Made in Pakistan Pakistan HVACR Society Mr. Ramzan has a members and other associates Products, Mr. Ramzan Shari held on November 25, 2023 comprehensive plan and to allocate at least a desk in will put fll efforts in support at Islamabad, Pakistan during program for internship of their office for interes on and promotion of local the 13th General Body students and fresh graduates. permanent basis. products and he will consider meeting, witnessed a seamless transfer of power through peaceful and transparent proceedings, 7 GEORG FISCHER +GF+lie HAKAN PLASTiK ; eee B GF SILENTA PREMIUM PP-RCT &'PPR-C 13dbs SOUND INSULATION PN-22, PRESSURE RESISTANCE 97° C TEMPERATURE RESISTANCE 95° C TEMPERATURE RESISTNCE DIN 4109 DIN 4102 EN 1451-1 eats Accordingto him incurrent He will also work for unfortunate economic membership promotion. He SHOP #9, 77-0, MAIN KHY-E-JAMI, PHASE 7, DHA, KARACHI ms (S Pakistan BD haroonimpexpk@yanoo. "| asffue) Chapter @ EIR - January 2024 - 12 +92-304-3870702, +92-213-301532‘Azim Ashrat ‘Khurram R. Malick Member Member @ EIR-COVER STORY s LOCAL COUNCIL LAHORE (2023-25), PAKISTAN HVACR SOCIETY 99s y \ \ » Tanster Hussain ‘Adnan Liagat Rana M. Ajmal Khan ony Treanor ony. Media Secretary soo Aizaal atk 9 & airman ‘Asian ‘Ammad Monus Wagas A. Farcoal ver mere Secu Comrie Srots___ Caan Sae aie LOCAL COUNCIL ISLAMABAD (2023-25), PAKISTAN HVACR SOCIETY ©, & Muhammad Armed Masood Sadiq 1 BialZuber tom ecetay Nev Teste ony Modis Sortary q @ Syed Fakkhi Iftikhar » d Chairman Asif Amin lat Mahmood Wagar Ali Shan tocalCauvet ember _LocalGowel enter Lota Cound Meter @ EIR - January 2024 - 14LOCAL COUNCIL KARACHI (2023-25), PAKISTAN HVACR SOCIETY ‘Abdul Basit Karim ‘Mohsin Ashraf Hony. Media Secretary e. f Hony. Treasurer ty om = 2 Aley Muhammad Chairman ‘SM Kashi label cockatrulh Agheat LOCAL COUNCIL FAISALABAD (2023-25), PAKISTAN HVACR SOCIETY ©) oo) ~- Nea a AS MunammadGhaffar Habib Ur Rehman M. Rizwan Al Raza Hony. Secretary ony. Treasirar Hony. Mosia Secretary =~ eas Muhammad Shahbaz Khan } i Chairman Rehman Haider ‘Muhammad All ‘Adee! Ahmad ony Membership Secrtay Coordinator Events Coordinator Student Atars BE -15WN SWI PIPING SYSTEM Najam Associates offer a wide range of PPRC, PVC, CPVC, HDPE & uPVC Pipes & Fitings for Presurre Non Pressure ‘infrastructure, soil vent, above and underground Gas, Water, Drainage & Sewerage Systems. we are also one of the pioneer company in introducing complete swimming pool & fountains accessories in Pakistan Call us oF Vist our fo page /web page for more details on ou product ranges please (SO 03452323728) Email: info@nagroup.co, pool@nagroup.co @ronnsor Teyyos’ Mymmeg Fternox AV un Group ot com oi Office No. 9, Ground Floor Annum Estate, Shahrah -e~ Faisal, Karachi-Ph: +92 21 3454 0510, 92 2 34321723 & 24; Emaik:info@nagroup.co ;Website:www.nagroup.co; Facebook: hutps:/ww.facebook.com/NA-GROUP-Of-companies-107362500949068/[@ HABIBULLAH a fe | INDUSTRIES Spring Aire gé }0 @vp utp. PAKISTAN'S # 1 AIR CONDITIONING EQUIPMENT MANUFACTURER &RAE N a New Office of ASHRAE Pakistan Chapter inaugurated Karachi: The ASHRAE 2023. Large mumber of local inanguration, Mr. Farooq Mehboob, Mr. Khalid Gulzar, Pakistan Chapter inaugurated and international Mehboob, Mr. Omer Khan, Mr. Ahmed Gulzar and other new office at DHA Phase 6, professionals and past Mr. Fahim Siddiqui, Mr. seniors delivered their Karachi on 8th December presidents attended the office Fahad Hasan, Ms Adecba speeches at the occasion. Training of Master Assessor on Competency-Based Assessment on Good Servicing Practices in Refrigeration and Air-conditioning Servicing Sector on 28th to 30th November 2023 at Kuala Lumpur, Malaysia Kala Lumpur The taining Its part ofthe Regional ‘The 3-day training of competency-based is organized by UNEP Ozone Network service that Ozone workshop will focus on the assessment on good servicing Action Compliance Action’s CAP provides to pedagogy of competency- practices in the context of the Assistance Programme Article 5 (developing) based assessment on good Montreal Protocol and (CAP), at the Asia and Pacific countries as part ofits role as servicing practices in RAC practical session to enable with the an Implementing Agency of servicing sector. It will nominated master assessors Department of Environment, the Multilateral Fund for the comprise both theoretical to have practical experience Government of Malaysia’ Implementation of the session to sensitize through the hand-on practices Asia and the Pacific. Montreal Protocol participants on the principles on assessmentTRADE NEWS 2 Need stressed to boost Sri Lanka and Karachi: Consul General of Sri Lanka Jagath Abeywarna has said that despite good diplomatic relations since last 75, and also. a Free Trade ‘Agreement since 2005, Sri Lanka-Pakistan trade volume stays ‘insignificant’ at US5-440 million due to certain barriers preventing trade between the two countries. “Pakistan’s exports to Sri Lanka stood at US$360 million and Sri Lankan exports remained US$80 million. To enhance this trade, FTA has to be revisited whereas some kind of a mechanism must also be devised to facilitate transactions between exporters and importers of both countries facing dire shortage of foreign currency. As we both are going through difficult economic situation; hence, we have to ‘come closer to each other and help each other to come out ‘of ongoing economic crises” he added while speaking at a ‘meeting during his visit to Karachi Chamber of Commerce & Industry (KCCD. President KCCI Iftikhar Ahmed Sheikh, Senior Vice President Alta A Ghaffar, Vice President Tanveer Ahmed Barry, Former President Majyd Aziz and KCCI Managing Committee Members attended the meeting, Sri Lankan CG noted that Pakistan and Sri Lanka have been enjoying good friendly Pakistan trade and brotherly relations and Lanka remained stagnant movement of goods & the two countries are which stood at $284 million services, besides reducing celebrating 75 years of inFY23 as compared o$375_ barriers to promote imports diplomatic relations this year. million in FY22, representing and exports,” he added. “Various activities have been a negative growth of around He was of the view that planned in Karachi, 24% year-on-year basis which Pakistan and Sri Lanka have Islamabad and Lahore to needs to be enhanced to a been facing dollar shortages ‘mark 75 years of Sri Lanka- reasonable level. ddue to low foreign exchange Pakistan diplomatic reserves cover. Therefore, a relations,” said Jagath “Pak-SriLankashould work two-way currency SWAP Abeywarna, “Pakistan has together to expand theit arrangement should be been a long-term partner of domestic markets, through pursued in which. both Sri Lanka and in 70s, it was commercial cooperation countries can swap their local number one buyer of Sri which is an important currencies in exchange for Lankan products particularly prerequisite for accelerating dollars which would further Ceylon tea which, economic development and strengthen their financial unfortunately, is no more establish a Free Trade Area cooperation and deepen their being exported to Pakistanas for the purpose of free economic relationship. fhe purer bere are ow & ZARAHH PUMPS importing tea from Kenya and other countries.” Ground Water Service: Consrcion& don of Tube Underscoring the need to enhance trade and economic ion, Sri Lankan CG said that private sectors’ collaboration through participation in trade fairs and regular exchanges of ‘rade delegations were very essential to achieve the common goal of improved trade tes. “There are several sectors which can promote trade between the two countries including sharmaceutical, fabrics, eae, tc, which are being imported by Sri Lanka. We can also provide construction materials, ceramies, cosmetics, rubber- based ‘products and agricultural products to Pakistan,” he added. Barlier, President KCCI Iftikhar Ahmed Sheikh, while welcoming the Sri Lankan CG, stated that despite signing FTA in 2005, Pakistan's exports to Sri [capraril ‘impo BD rrotin soc Sut 14 Fi RBar 38 ee, Tater ome Pe OHA ann & eases © nae EIR - January 2024 - 19Third edition of HVACR Trends 2023 held in December Karechi: The ASHRAE Pakistan Chapter organized the third “HVACR Trends 2023” on 9-10 December 2023 at Marriott Hotel, Karachi, Pakistan, Turkish Consul General Cemal Sang inaugurated the event. ‘The visitors attended the event from all over the Pakistan and outside. Industrialists, Builders, Consultants and Contractors showed their interest at that event, Mr, Abbas Sajid was Ct a Chairman Organizing Committee of HVACR ‘Trends 2023. ‘The theme for HVACR Trends 2023 was “Sustainability in the critical sector of the Industry “Pharma-Hospitals- Cleanrooms”. ‘The ASHRAE Pakistan hosted a breakfast on the second day of the 3rd HVACR Trends 2023. Guests enjoyed the scrumptious food and spent morning networking and aving interesting conversations. Engineering & Industrial Review (EIR) published special edition on HVACR Trends 2023 and the only publication EIR exhibited their stall at HVACR Trends some time on Sunday 2023.EST. 1968 © Guancu ENTERPRISE =i I ae NH Pressure Pump Fountain LED gts pemeemenemeeen Water Heater, Domestic & Commercial Centrally Pressurized System Swimming Pool Accessories, Sauna & Steam Generator 8 Akhara Trust Building, Bhimpura, Nishter Road, Karachi - Pakistan Rizwan Ghanchi: 0300-2259601, 0336-2259601 B&4 raghanchi@gmail.com @& www.ghanchi.com.pk ‘{021-32764226,32766640 ff] 0331-2766640[ TN. . UAE investors are keen to start joint ventures with Pakistani investors Lahore: Punjab Governor campuses in UAE and other low share in greenhouse gases ‘The Ambassador of UAE, Muhammad Balighur parts of the world,” he said. and carbon emissions as it Mr. Hamad Obaid Ibrahim ‘Rehman awarded an honorary contributes less than one Salem Al Zaabi said that itis degree of PhD to the While talking about the percent, but due to climate a great honor for him to Ambassador of UAE, Hamad issue of climate change, he change, Pakistan had faced receive the honorary degree Obaid Ibrahim Salim Al Zaabi_ said that Pakistan has very devastating floods. of PhD. at the special convocation of the Institute of Artand Culture at Governor House. ‘Tha TAR shy iia Celebrating) 3 \Yearsjof|Performance awarded an honorary degree in recognition of his valuable services in the promotion of bilateral relations, especially in the field of trade between Pakistan and UAB. The Vice-Chancellor Institute of Art and Culture, Faisal Janjua, Pro Vice- Chanceilor Ijaz A Qureshi, ‘Member Senate Tnstitute of Art and Culture, Imran Masood, Pakistan's first woman astronaut Namira Saleem, a large number of teachers and students were present on the occasion. Speaking on the occasion, the _goverior appreciated the role of the UAE ambassador in strengthening the cultural and trade relations between Pakistan and the United Arab Emirates and people-to- people contacts between the wo countries. He said that there should be exchange programmes involving degrees or short as oF sets bere imple terre — educational institutions of apex! SEU | OED | 3)) or Pakistan and UAE, He said that Pakistani students are going to study in the best universities of the world in a oer esm ae Amafhha Traders obligatory in our religion, NAME OF QUALITY & SATISFYING SERVICES adding that education should See neers eeeranaie tnd, mont importenty, Rnportiis, Sizekiate a Supalles ‘compassion among the youth, AH Chamber, Opp. Sindh Madressa, Shahrah-e-Liaquat, Karachi He said that Pakistani Tel: (22-21) 9242-4512, 3242-7048, 9242-7580 universities are improving in Email: amathha,traders@hotmail.com URL: www.amathha.com ‘Times Higher Education and QS Ranking. “Pakistani “universities want to open theirPROJECT FINANCING 3 ADB approved eeeans It in loans Islamabad: The Asian city in Punjab by replacing Development Bank (ADB) old transmission. lines. hhas approved $250 million in loans that will help deliver _ “Reliable power supply is reliable electricity in Pakistan essential to inclusive, by expanding and improving sustainable economic growth, the power transmission and it will also provide network in Punjab and economic opportunities to Khyber-Pakhtunkhwa. rural communities,” said ADB Director General for The ADB’s Power Central and West Asia ‘Transmission Strengthening Yevgeniy Zhukov. Project will help reinforce the stability of the national grid “Weare pleased to continue Company Limited (NTDC) system of Pakistan is another by increasing its transmission supporting Pakistan in its aimed at ensuring energy key objective. Aside from capacity, efforts to achieve energy security, climate resi security while improving and increased transi ‘The project will expand energy efficienc strengthening power jon transmission, ADB's project capacity to deploy sufficient, will also enhance the project, the high-voltage transmission reliable, clean, and cost~ and financial management of network to close 500 kilovolt The project will effective energy. NID, as well as its eapacity (KV) and 220 kV transmission complement ADB's ongoing to incorporate climate lines loops and reduce support to the National Improving the management resilience in planning and transmission losses in Lahore Transmission and Dispatch of the national transmission operations. Engineering Services SES > tv SuIrHazan Panes (yp to 2008) > ice inet > ATs / AE CONTROL pate, > Bree a ron ro ey { Marereneeinawostookcon smartengieering 201 3@>¢malcom Q Eaten crown sen Singh 75730, Karachi, Pakistan SMART SMART ENGINEERING SERVICES SES Nothing is Impossible For Us {UT ENGNERNG SERVE 8 wx eben 208 mh a amit pro ‘Renpwes trans of oer ng atomaton erasers Waa ales us kn uentne sme tod pone Came stem Sis eniewsen sae Deng an manfctrg of sect ow tron thee pe A AME fave power fcr pom Notor contacter at &conmuncon abet le ‘vas wiheresve experience pong soay serices 8 watennce nea} Our Range of Products... 92222257072 4922008208206 EIR - January 2024 - 23ENERGY NEws World Bank Vice President visited Tarbela and Dasu hydropower briefed that the river diversion system has been functioning satisfactorily since its completion early this year. Flushing tunnel is also complete, while excavation of right bank bypass tunnel has recently been completed. Excavation of right and left Lahore: World Bank Vice 4888MW to 6418MW. President Martin Raiser along Tarbela Sth Extension with a 4-member delegation Project will start electricity visited Tarbela Sth Extension generation in 2025. and Dasu Hydropower Project. Chairman Wapéa __ Later, the World Bank Safjad Ghani and World Bank —Viec President also visited Executive Director Syed 1410MW-Tarbela 4th Taugir Hussain Shah also Extension Hydel Power accompanied him. World Station, complcted in 2018 Bank is providing financial with financial assistance of support for construction of the World Bank. He was these projects. informed during the visit that Tarbela 4th Extension, In the first leg, the World since its completion, has Bank Vice President visited provided 22.56 billion units Tarbela Sth Extension to the National Grid Hydropower Project, being constricted on Tunnel No.5 In the second leg, the of Tarbela Dam. He witnessed World Bank Vice President construction activities on flew to under-construction ‘main components, Dasu Hydropower Project at River Indus upstream of The project management Dasu town in Khyber apprised him about progress Pakhtunkhwa, ‘on the power house, tail race culvert, canal and switch yard. He visited the power Tarbela Sth Extension has an house, transformers cavern installed power generation and the project colony to capacity of 1530MW. review construction Sa activities. Dasu project On its completion, power team, ina briefing, informed tion eapacty at Tarbela him about progress on main Jam will increase from works ofthe project. Itwas Single Phase 0.25-10 H.P.| Three Phase 0.25-25 HP. fin cifeent RPM, 700'90"1400/2800 projects abutment of the main dam, intake, power house, talrace tunnel, surge chamber and transformers cavern is in progress. Hydropower Project completed in two stages. At present, Wapda is constructing Stage-I, with installed generation capacity of 2160MW and annual energy generation of 12 billion units, Stage-I of the Project is likely to be commissioned in 2026, EIR - January 2024 - 24INEWABLE ENERGY Businesspeople urged government to lay focus on renewable energy ‘The Minister for Energy renewable energy would assured the business transition the country towards community that the a cleaner, more sustainable, government is committed to. environment-friendly, Increasing the share of affordable and resilient energy renewable energy in its energy landscape. mix to achieve a sustainable energy future, He said that He said that the future of Pakistan is blessed with renewable energy in Pakistan abundant potential for solar holds great promises and the and wind power and the government is working to government is working to enhance its share which exploit them with would also benefit the international support and entrepreneurs and investors, investment, He said that the by bringing down their cost government's supportive of doing business and policies and incentives for investment in the country. Islamabad: The business energy security, reduce community has urged the carbon emissions and enable government to focus on Pakistan to save billions of renewable energy ina bid to dollars every year, significantly reduce the cost Of production and pave the Waheed said that the share ‘way for rapid revival of the of thermal power is over 58.8 economy. percent in the total energy nix, hydel 25.8 percent and || Leading Manufacturers Of Quality Products Since 1960) ‘The President Islamabad renewable is just 6.8 percent || Adways insist on “Stabol” quality products Chamber of Commerce and as of July-March 2023 and | |PSSSa SSE Industry (ICI) Faad Waheed stressed thatthe govemment Siar inameeting with Muhammad should take solid measures a Ali, Federal Minister for to increase the share of ‘Energy said that the country renewable to over SO percent was heavily dependent on in order to make a hefty cut thermal power which is highly in the production cost, boost expensive and created the invesiment and put the ‘menace of ciculardebt which country on the path of despite successive increasc in sustainable economic power tariff has surged to over growth. Rs2.30 trillion. He said that a World Waheed said that Pakistan Bank’s report estimates that is relying on thermal energy, utilising just 0.071 percent which is more expensive of the country’s area for solar making Pakistani businesses energy would meet uncompetitive. Pakistan's current electricity ee ee demand and urged that all “INE PUTER ROUSTRIA ELECTRONS CONTROLS However, increasing the possible efforts should be secre vs, be Fonte SUPPLIES, TAerORUERS, share of renewable energy made to exploit this huge || Nc: oven ine. lr Paes, Tor srstoconTmous BLS, willmake electricity cheaper untapped cheap energy | IWNSTERE Sat Fe ots Rta for industy, achieve greater potential. [lel aaa caer omer EIR - January 2024 - 25LNG News Sinopec signed new 27-year LNG supply deal with QatarEnergy will cooperate on the second the world’s top LNG supplier. phase of the Gulf Arab state’s ‘Noth Field expansion projec, ‘The two companies signed which will supply 3 milion « 10-year LNG purchase and metric tons of LNG per year sales agreement in 2021, to Sinopec. followed by a 27-year deal last year. A partnership agreement ‘was also signed under which ‘The North Field is part of QatarEnergy will transfer a the world’s largest gas field '5% interest to Sinopec in a which Qatar shares with Iran, joint venture company that which calls its share South owns the equivalent of 6 Pars. million tons per year of LNG production capacity in the ‘The North Field expansion North Field South project. plan includes six LNG trains The deal, signed atthe China that will ramp up Qatar’s Beijing: State-owned purchase agreement with Intemational lmpor Expo in Tiqueficton capacity to 125 Chinese firm Sinopec signed QatarEnergy, the two Shanghai, is the third long- million metric tons per year @ new 27-year liquefied companies said. 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