LONGi’s Hi-MO 5 modules, based on 182mm cells, have now been delivered to clients in 94 countries, with total shipments exceeding 30GW and the company’s design philosophy validated by the product’s popularity with customers. Hi-MO 5 modules are not only ideal for utility-scale power plants, but are also widely applicable for the DG market. In depth analysis suggests that Hi-MO…
Read More
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory draw of 4.5 million barrels for the week to July 22. This compared with a modest inventory decline of 400,000 barrels for the previous week. It also compared with an estimated crude oil inventory draw of 4 million barrels for last week, as reported by…
Read More
As regulated entities, no Distribution Company including K-Electric holds any authority to levy or remove taxes. While it is common knowledge on who has this authority, certain elements seem to be regrettably misleading the traders’ community due to their vested interest in the matter. Approaching the correct forums could have resulted in more productive outcomes on the matter.” Spokesperson K-Electric…
Read More
WAPDA has projected an increase of 20 percent in revenue requirement for the FY2022-23, as it has sought NEPRA approval for hike in tariff for bulk supply of power from its hydle power stations.In its tariff petition, for revision of tariff for 2022-23 for sale of bulk supply of power from WAPDA hydle power stations, WAPDA has requested NEPRA for…
Read More
Prime Minister Shehbaz Sharif on Wednesday said that the present government was making rapid progress to complete the Thar Coal Power Project by the first quarter of 2023 for which as many as 7,000 local people have been employed. The prime minister was talking during a meeting with a Chinese delegation led by the president of Shanghai Electric, Liu Ping.…
Read More
In a major development, exports have been set in motion for the first time in the Gwadar Free Zone in the backdrop of exemption from all sorts of taxes and customs duties for a period of 20 years. Along with exports to foreign countries, the Gwadar Free Zone (GFZ) – both south and north – has also kick-started supply of…
Read More
Foolproof security for Chinese nationals and clearance of over Rs250 billion worth of outstanding energy payments remain the key bottlenecks in the way of putting the China-Pakistan Economic Corridor (CPEC) project on a fast track, as the government seeks to hold the strategic planning committee meeting next month. Diplomatic and government sources said Pakistan would have to come up with…
Read More
The “2022 China’s 500 Most Valuable Brands” list, compiled by World Brand Lab, was released recently. Sungrow is on the list with a brand value of 61.586 billion RMB, a year-over-year increase of 40%, demonstrating a robust competitive strength and global influence. World Brand Lab is an international brand value research institute owned by World Executive Group, the world’s leading…
Read More
The solar net-metering power generation has reached 419MW (approximately) with a considerable number of consumers switching to solar across the country. With around 149MW, Lahore Electric Supply Company (Lesco) stands first among 10 power distribution companies (Discos), Dawn has learnt. The net-metering project had been launched in 2016 countrywide. It allows any domestic, commercial, industrial and other consumers having at least a…
Read More
The federal government is likely to grant mining sector a industry status aimed at facilitating its development as per rules of provincial governments, sources in Petroleum Division told Business Recorder. As per Constitutional provisions, minerals other than mineral oil, natural gas and nuclear substances and those occurring in federally controlled areas [Islamabad Capital Territory and offshore beyond the territorial waters] are…
Read More
