A seminar titled ‘Energy Saving and Efficient Use of Resources’ was organized at the Iqra University North Campus. While addressing the seminar, CEO of 3 Ray Solution, Imran Imtiaz Butt said that according to an estimate, 1.5 hours of continuous sunlight falls on the Earth, which is enough to resolve the Global Energy Crisis. He said that every second around…
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The 969 MW Neelum-Jehlum hydropower project, which is non-operational since July 6, 2022 in the wake of blockage that appeared in the 3.5 kms Tail Race Tunnel (TRT), has seen an estimated damage of Rs22.50 billion (Rs2.50 bn construction cost and Rs20 billion as business loss). “The project will now come on stream by the end of February 2023. Till…
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SHARM EL-SHEIKH: A fraught UN climate summit wrapped up Sunday with a landmark deal on funding to help vulnerable countries cope with devastating impacts of global warming — but also anger over failure to push further ambition on cutting emissions. The two-week talks in Egypt’s Red Sea resort of Sharm el-Sheikh, which at times appeared to teeter on the brink…
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Trina Solar (688599.SH), a leading global PV and smart energy total solutions provider, reported its third quarter 2022 financial results on October 30, announcing revenue ofabout USD 8.8 billion (RMB 58.2 billion) in the first three quarters, up 82.56% year-over-year. Trina Solar said that by the end of the third quarter its module shipments for the year had totaled 28.79GW,…
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The 969 MW Neelum-Jhelum hydropower project, which is non-operational since July 6, in the wake of blockage that appeared in the 3.5km Tail Race Tunnel (TRT), has seen an estimated damage of Rs22.50 billion (Rs2.50 billion construction cost and Rs20 billion as business loss). “The project will now come on stream by the end of February 2023. Till February 2023, the…
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The cost of fuel in power generation maintained a downward trend for the fourth consecutive month, falling to Rs9.02 per unit as a drop in demand for electricity kicked expensive plants out of the system, making room for cheaper ones in October 2022. The reduction in use of expensive fuel for the generation of electricity is a blessing in disguise,…
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The FIFA World Cup 2022 begins on Sunday as focus finally moves towards the action on the field, marking the culmination of Qatar’s extraordinary campaign to first win the vote to land the tournament and then embark on a spending spree of tens of billions of dollars to build the stadiums and infrastructure to cater to it. The country of…
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In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. 1. Saudi Arabia Leads OPEC+ by Example •…
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he French electricity grid is at higher risk of strained power supplies in January 2023 than previously estimated due to lower nuclear power generation, France’s power grid operator RTE said in its latest winter preparedness analysis on Friday. Delays in routine maintenance work at France’s nuclear power stations will lead to a slightly lower nuclear availability this winter than expected…
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Cost of power generation in the country went down by three percent in the month of October this financial year, compared to the same month of last fiscal. Tahir Abbas, head of research at Arif Habib Limited said, “The decline in the total power generation cost was mainly triggered by rise in the power generation from hydel, nuclear, wind and…
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