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Business Recorder
a day ago
- Business
- Business Recorder
SEHC achieves revenue target of Rs113m for FY25: minister
KARACHI: Sindh Provincial Minister for Energy, Development, and Planning, Syed Nasir Hussain Shah, has stated that the Sindh Energy Holding Company of the Sindh Energy Department has achieved its revenue target of Rs 113 million for the current financial year, while a target of Rs 266 million has been set for the upcoming financial year 2025-26. He expressed these views today while presiding over a high-level meeting of the Sindh Energy Holding Company (Limited). The meeting was attended by Sindh Energy Department Secretary Mushtaq Ahmed Soomro, Additional Secretary Zain-ul-Abideen, MD Thar Coal Energy Board Tariq Ali Shah, CEO STDC Saleem Ahmed Shaikh, Senior GM Technical STDC Taqi Saeed, and other relevant officials. On the occasion, Tufail Ahmed Khoso briefed the meeting and informed that as a result of investments made by the company, it will continue to earn an annual profit of Rs 250 million for four years. The energy minister was further informed that in 2023-24 the company invested Rs 34 million in the oil and gas sector, while in 2024-25, Rs 105 million were invested — meaning a 209% increase compared to last year. Nasir Shah directed that the Sindh Energy Holding Company should only invest in those oil and gas sectors where profits are guaranteed. He further instructed that a summary of proposals regarding SEHC should be prepared for the Chief Minister of Sindh so that future steps and planning can proceed in accordance with the Chief Minister's directives. Copyright Business Recorder, 2025
Business Recorder
25-06-2025
- Business
- Business Recorder
Minister, Foundation Solar Energy discuss solarization projects in Sindh
KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah held a significant meeting with a high-level delegation from Foundation Solar Energy Ltd, a subsidiary of the Fauji Foundation. The meeting focused on promoting eco-friendly energy and detailed discussions on solarization projects in Sindh. The delegation included Major General Amjad Ahmed Butt (Retd), Brigadier Imran, and other senior officials. From the Sindh Energy Department, Secretary Mushtaq Ahmed Soomro, Director of Solar Projects Mahfooz Qazi, and other officials were also present. During the meeting, both parties exchanged strategic ideas on setting up solar parks, micro and mini solar grids, and converting government buildings to solar energy. The discussions also touched on the promotion of green energy and its positive impact on climate change. The Energy minister emphasized that the Sindh government is actively promoting green energy. He added that Chairman of the Pakistan Peoples Party, Bilawal Bhutto Zardari, has given special directives to prioritize eco-friendly energy initiatives. In line with this vision, the Sindh government has allocated special funds for green energy in the budget. At the conclusion of the meeting, as a gesture of goodwill, Major General Amjad Ahmed Butt (Retd) presented the provincial energy minister with a commemorative cap and shield. In return, Syed Nasir Hussain Shah gifted the delegation the traditional Ajrak and Sindhi cap. This meeting marks a significant step toward the advancement of renewable energy in Sindh. Copyright Business Recorder, 2025
