Managing Director National Energy Efficiency and Conservation Authority (NEECA) Dr Sardar Mohazzam while underlining the importance of Renewable Energy (RE) on Thursday said the government has been set a target to generate 60 per cent of total energy through RE by 2030. Addressing at a ‘Free GoodWe Solar Energy Storage’ seminar here, he said that RE being a clean and…
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GE on Monday announced the brand names of the future companies it will create through its planned separation into three industry-leading, global, investment-grade public companies focused on the growth sectors of healthcare, energy, and aviation. GE HealthCare will be the name of GE’s healthcare business. GE’s existing energy portfolio of businesses, including Renewable Energy, Power, Digital, and Energy Financial Services,…
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M/s China Machinery Engineering Corporation (CMEC), which established 1,263 MW RLNG-fired project at Jhang, has sought help from Prime Minister Shehbaz Sharif to resolve its issues and raise more funds from China. CMEC President Fang Yanshui, in a letter to Prime Minister has shared major concerns of the project, expecting a consistent support for the project. He said on July…
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Neelum-Jhelum hydro-power plant, which is non-operational since July 06, will take six months to restore power supply in the national grid. The 969 MW project malfunctioned due to blockage in its tail race tunnel. Apparently, it is the geological failure in the tunnel, but the real cause will be traced once the dewatering process is completed, said the top officials…
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“As per SRO 1004 dated July 7, 2022, the tariff rates and slab structure for tariff of unprotected non-ToU residential consumers (ie consumers with sanctioned load below 5kW) has changed,” it said. “Protected” consumers, as per tariff terms proposed by the government under its power subsidy rationalisation plan and by NEPRA as those non-ToU residential consumers with monthly electricity usage…
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July 2022
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Disturbed with frequent depreciation of the Pak Rupee (PKR), Chinese investors in Gwadar have sought permission to maintain their bank accounts in RMB in Gwadar Free Zone without converting their money into Rupees, well informed sources told Business Recorder. This issue was raised by Chairman, China Port Holding Company Limited (COPHCL) at a meeting of Federal Steering Committee on Gwadar Initiatives held on…
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Barrick Gold Corporation President Mark Bristow on Monday stated that the first phase of Reko Diq copper-gold project will be completed by 2027-28, and the scheme will convert it into a “world-class mine and transform Balochistan”. An agreement in principle was reached between the government of Pakistan, the provincial government of Balochistan and Barrick earlier this year for the reconstitution…
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China’s first PV power plant was built in Gansu Province in 1983 and has been operating continuously for the past 39 years, way beyond the standard life cycle of 25 years. So, what are the secrets behind the plant’s reliability and operational longevity? Across May and June, industry professionals debated PV product reliability in three consecutive live streamed events, themed…
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In line with the governing laws, rules, and regulations of the Government of Pakistan and NEPRA, various changes have been made to the rates of electricity and tariff structure that will be effective from July and applicable nationwide including on consumers in KE’s service territory. The determination of costs of electricity to be recovered from consumers across Pakistan in their…
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