Operation began on Tuesday on the world’s largest solar powered hydrogen plant in China. The project, owned by Baofeng Energy Group, uses a 200-MW solar power plant located in northwest China’s Ningxia Hui Autonomous Region to electrolyze water to make hydrogen, which replaces coal.
Read MoreYear: 2021
Chinese investors keen to invest in mining, power sectors
A visiting delegation of Chinese investors from Sichuan Province on Thursday expressed keen interest for investing in different sectors of Pakistan’s economy, particularly exploiting huge opportunities existing in power generation and mining sectors.https://www.facebook.com/v2.9/plugins/quote.php?app_id=106170627023&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Dfea469040a3b8%26domain%3Dnation.com.pk%26origin%3Dhttps%253A%252F%252Fnation.com.pk%252Ff38090fb1e2bb94%26relation%3Dparent.parent&container_width=779&href=https%3A%2F%2Fnation.com.pk%2F23-Apr-2021%2Fchinese-investors-keen-to-invest-in-mining-power-sectors&locale=en_US&sdk=joey The delegation visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and met with Chairman Haji Quran Ali and Coordinator Miza Abdul Rahman. Chinese investors expressed…
Read MoreThe Key Role of LNG and Hydrogen in the Energy Transition
The majority of the world’s governments have committed to the Paris Agreement. The majority of countries in the world are aiming to reach peak emissions as soon as possible and have set their eyes on carbon neutrality. But shipping’s place in the Paris Agreement’s global ambitions is complex. It is an international industry that isn’t easily included in national regulations.…
Read MoreCCOE approves National Electricity Plan
The Cabinet Committee on Energy (CCOE) has endorsed and recommended the National Electricity Plan and Indicative Generation Capacity Expansion Plan (IGCEP) for presentation to the cabinet. The CCOE meeting was chaired by Federal Minister for Planning, Development and Special Initiatives Asad Umar in Islamabad on Thursday. The Power Division presented the summaries of the National Electricity Plan 2021 and IGCEP.…
Read MorePower generation rises 30% in March
Power generation soared by a record 30% to 8,965 gigawatt hours (GWh) in March partly due to industries shifting from own power generators to the national grid in the wake of growing domestic gas crisis. Simultaneously, the cost of fuel component in the overall electricity production climbed almost 14% to Rs5.55 per unit due to power producers’ increased reliance on…
Read MorePakistan will shift to 60pc clean energy by 2030, world assured
WASHINGTON: Pakistan assured the international community on Thursday that it would shift to 60 per cent clean energy and 30pc electric vehicle use by 2030. Addressing the US-initiated Leaders Summit in Washington, Special Assistant to the Prime Minister on Climate Change Malik Amin Aslam also urged developed nations to fulfil their commitment to help others make this transition from carbon-based…
Read MoreClimate Summit: Pakistan vows to produce 60% ‘clean energy’ by 2030
ISLAMABAD: Special Assistant to the Prime Minister on Climate Change Amin Aslam on Thursday asserted that 60 percent of all energy produced in Pakistan will be clean or renewable by 2030 while 30 percent of all vehicles would be transferred to electricity. “The world has to do more, and fast-track efforts to confront the climate change,” Prime Minister Imran Khan’s…
Read MorePetrol smuggling costing national exchequer Rs240bn loss annually
Pakistan is bearing an annual loss of Rs240 billion due to the smuggling of Petroleum products, according to the Petroleum Commission’s report which was made public on Tuesday after the federal cabinet’s approval. Petroleum products, especially motor spirit (MS) and high speed diesel (HSD), are smuggled into Pakistan from the western border of Taftan, Iran. The tax department during the…
Read MoreWeak economy + Covid: a double whammy for FDI
While the situation at external front has been improving, the foreign direct investment climate is dreary as usual. Where COIVD-19 pandemic has adversely affected FDI flows across the globe including Pakistan, the situation at home has been worrisome much before the pandemic hit. The continuous decline in FDI since after FY17 is the evidence. Central bank’s latest data shows that…
Read MoreRenewables project pipeline accelerates in Asia Pacific
By 31 March 2021, new power generation projects under construction stood at 463 gigawatts (GW) across the region’s 16 key power markets, up 5% from the previous quarter, reported IHS Markit. “With countries aiming to further reduce their carbon emissions, it is not surprising that the share of renewables in planned power projects increased in the last quarter,” said Xizhou…
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