Shifting industry to national grid could cause Sui gas companies Rs420bn loss: report D_Trends

Shifting industry to national grid could cause Sui gas companies Rs420bn loss: report D_Trends

The decision to transition the industrial sector from gas-based captive power plants (CPPs) to the national electricity grid, following directives from the IMF, could result in a revenue loss of Rs420 billion for Sui gas companies, according to a news report.   These CPPs, which provide energy to sustain industrial activities, generate approximately Rs420 billion annually … Read more

Musk slams California laws, shifting SpaceX and X HQs to Texas D_Trends

Musk slams California laws, shifting SpaceX and X HQs to Texas D_Trends

CALIFORNIA: Elon Musk said on Tuesday he is moving the headquarters of two more of his companies – social media platform X and rocket company SpaceX – to Texas from California, citing a new gender-identity law there as the “last straw.” With these steps, the billionaire, who last week endorsed Republican Donald Trump for US … Read more