It “will take years” to get energy prices back to pre-Ukraine war levels, the boss of one of the world’s biggest energy firms has told the BBC. Enel’s Francesco Starace said bringing prices down depends on new sources of energy such as renewables and heat pumps. Governments across Europe are spending billions helping business and households afford energy bills. They…
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The Asian Development Bank (ADB) has approved “Khyber Pakhtunkhwa Water Resources Development Project” with concessional ordinary capital resources lending of $3.60 million. The project documents revealed that the government of Pakistan requested Project Readiness Financing (PRF) from the ADB to prepare the Khyber Pakhtunkhwa Water Resources Development Project. The project supports the government of Pakistan’s Vision 2025 and the ADB’s…
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Iran has begun the construction of a new nuclear plant in the southwestern province of Khuzestan, the country’s atomic energy agency said Saturday. Mohammad Eslami, the head of the Atomic Energy Organization of Iran, announced in televised remarks the start of construction of the 300-megawatt Karun power plant in the Darkhovin district of Khuzestan. Construction of the plant will take…
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As many as 51 Renewable Energy (RE) projects having accumulative capacity 2,634 MW have been commissioned so far and supply clean energy to the national grid. Official sources told APP here that the government was actively promoting and facilitating deployment of RE projects across the country as these projects were being pursued in Independent Power Producers (IPPs) mode through private sector investors…
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The Economic Coordination Committee (ECC) of the Cabinet has approved the allocation of Rs8.109 billion through a technical supplementary grant to the power sector for the execution of development schemes in the provinces –with the highest amount of Rs6.554 billion in Punjab – under “Sustainable Development Goals Achievement Program” (SAP) during the current fiscal year. The ECC meeting presided over…
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Under the Oil and Gas Development Company’s National Talent Hunt Programme another batch of students has completed graduate studies at the Institute of Business Administration (IBA), Karachi. Studies of these students were sponsored by the Oil and Gas Development Company Limited (OGDCL). The batch comprising 15 students was awarded degrees in the disciplines of business administration, accounting & finance, mathematics,…
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t seems like the Inflation Reduction Act does just about everything – everything, that is, but curbing inflation. In order to pass the Act the Biden administration had to appeal to a broad base of supporters, from staunch climate advocates to hardcore coal country representatives. In particular, the Act had to appeal to holdout West Virginia Senator Joe Manchin. Though Manchin…
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As governments worldwide encourage greater innovation in renewable energy beyond wind and solar power, with significant funding opportunities available, alternative green energy sources are popping up around the globe, having been long neglected. Despite the knowledge of a variety of renewable energy sources for several decades, most countries have focused on the low-cost sources that are easiest to produce. But…
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LONGi has announced the completion of delivery of 406MW of its bifacial Hi-MO 5 modules for Saudi Arabia’s Red Sea Project. During an event to mark the on time delivery, LONGi was joined by Power China SEPCO III and local partners, all of whom played a role in the successful completion of the project. Saudi Crown Prince Mohammad bin Salman…
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