China Power, a Chinese business, expressed interest in establishing an electric vehicle (EV) manufacturing unit in Sindh.
Details revealed that a firm team visited Sindh Minister for Information and Transport Sharjeel Inam Memon in Karachi.?Memon hailed the company’s interest and assured investors and industrialists of the provincial government’s assistance.
Another Chinese company launched Pakistan’s first intra-city bus manufacturing company in Karachi last year, making buses more affordable. Since then, several corporations have expressed an interest in establishing vehicle manufacturing facilities in Pakistan. Memon said that an 18-acre manufacturing plant will be developed in 20 months to produce 500 buses per year after meeting with the bus company’s country manager. ?
Moreover, the minister claimed that creating a production plant for public transit will be most useful to the people, making it the government’s top priority. He later tweeted that he spoke with a renowned Chinese bus manufacturer and that they agreed to establish an intracity bus manufacturing plant in Karachi.
Earlier this month, the Sindh cabinet approved a draft?bill to establish a separate electrical regulatory body for Sindh, known as the Sindh Electric Power Regulatory Authority (Sepra). However, it is unclear if it will be independent or subject to the National Electric Power Regulatory Authority (NEPRA), or what sort of relationship it will have with NEPRA and the Central Power Purchasing Authority-Guaranteed (CPPA-G).
It is reported that in the country, there is a confused framework for a provincial role in electricity in a centrally managed and controlled energy system.
The current government has offered to transfer DISCOs to provinces and urged that each take ownership and responsibility for at least one Disco.
All circular debt is affected and paid at the DISCO level, where the difference between cost and revenue is either paid in full or becomes a liability. Almost all DISCOs have negative equity and have been losing money.