LONDON: Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency (IEA) said on Thursday, with solar projects expected to outpace outlays on oil production for the first time. Annual investment in renewable energy is up by nearly a quarter since 2021 compared to a 15% rise for fossil fuels, the…
Read MoreOn May 24, the annual SNEC officially kicked off in Shanghai. As the “record-holder” of the highest efficiency in the solar industry, LONGi globally releases Hi-MO 7, a new product based on HPDC technology. The product maintains the standard M10 module size, with a mass production power of 580 W and a conversion efficiency of 22.5%. It is an ultra-high-value…
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[May 23, 2023 Shanghai] On May 23, the 16th (2023) International Solar Photovoltaics and Smart Energy (Shanghai) Conference and Exhibition (SNEC) kicked off at Kerry Center in Pudong, Shanghai. Li Zhenguo, Founder and President of LONGi, who was invited to attend the opening ceremony, delivered a keynote speech titled “Building collaborative innovation ecosystem to create a zero-carbon world”. Speaking at…
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HYDERABAD: Federal Minister for Energy Khurram Dastgir on Thursday inaugurated the 500-kilovolt Thar-Matiari transmission line.He visited Noh Hotiani village in Matiari district where he inaugurated the 500KV Thar-Matiari transmission line.According to a spokesperson for the National Transmission & Despatch Company (NTDC), the project was completed in a record period of two-and-a-half months. The 220-kilometre-long transmission line connecting Thar with the…
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The Houthi-led government in Yemen this weekend signed a deal with Chinese officials and a Chinese company that will invest in oil exploration in Yemen. China’s Anton Oilfield Services Group (AntonOil) and a representative of the Chinese government signed on Saturday the memorandum
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Directorate General of Audit Petroleum and Natural Resources has found shortcomings in supply of subsidized RLNG to Export Oriented Units (EoUs), which was massively misused as no monitoring mechanism was framed by the ministry of Commerce (MoC) and Federal Board of Revenue (FBR) for checking
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As the country’s energy sector is facing a cumulative circular debt of stock of over Rs 4 trillion, Nuclear Power Plants (NPPs) are also victim of indecisions of federal government entities with respect to payment of overdue receivables. Of Rs 4 trillion total circular debts, Rs 2.6 trillion is related to power sector whereas the stock of petroleum sector stands at Rs 1.7 trillion.
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The Pakistan Metrological Department has released its monthly report for March, which discloses that 42 per cent more rainfall occurred in March than average. Last year, Pakistan bore the brunt of climate change in the form of destructive floods and is still recovering from the loss of $30 billion caused by the floods.
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Electricity generation in April 2023 went down 23 percent year-on-year. April of 2018 saw higher electricity generation than April of 2023. This is how worrisome the slide is – by far the steepest fall recorded in power generation in at least 15 years. The previous low was during the peak Covid three years ago
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OGDCL’s Bettani field prepares to deliver energy boost to Pakistan Oil and Gas Development Company Limited (OGDCL) is gearing up efforts to commence gas production of 10 Million Standard Cubic Feet per Day of gas and 1,000 barrels per day of oil from Wali exploration block, also known as the Bettani field, located in F.R. Laki, Khyber Pakhtunkhwa from the next month of June 2023.
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