Day: May 13, 2024

AJK Government Announces Substantial Electricity Subsidies

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power-energy

In a significant move aimed at easing the financial burden on its citizens, the Azad Jammu and Kashmir (AJK) government has announced substantial subsidies in electricity prices. This decision comes shortly after the federal government’s approval to release twenty-three billion rupees from the national exchequer to address the issue effectively. Prime Minister Azad Kashmir Chaudhry Anwaar ul Haq, in a news conference held in Islamabad, highlighted the immediate implementation of these subsidies following the intervention of Prime Minister Shehbaz Sharif. He expressed gratitude towards Prime Minister Sharif for his proactive…

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petrol price to be reduced by Rs 10 to Rs 12 per liter for the next 15 days?

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Khuda-Bakhsh

Due to the increase in smuggling, the import of oil and production of the refinery has decreased, Malik Khuda Bakhsh Karachi (12th May 2024) Due to the decrease in oil prices in the global market and the increase in oil smuggling in the country and the decrease in the consumption of imported petrol, there is a possibility that the government will reduce the price of petrol by Rs 10 to Rs 12 per liter for the next 15 days? The announcement is expected on Wednesday.  According to the sources, it…

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LONGi Sets New World-Record for Silicon Solar Cell Efficiency, Launching 2nd Generation Ultra-Efficient BC-Based Module

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LONGi-01

Madrid, Spain, May 7th, 2024 – LONGi Green Energy Technology Co. today announces that the company has broken another world-record for silicon solar cell efficiency only 4 months after it last set a world-record in this area. As certified by Germany’s Institute for Solar Energy Research Hamelin (ISFH), new silicon heterojunction back-contact (HBC) solar cells designed by LONGi have reached an efficiency of 27.30% under laboratory conditions. The new record was announced at a celebratory event where they also unveiled a new product, the Hi-MO 9. Guests at this event included LONGi’s founder and president, Li Zhenguo,…

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PPIB Expects KE’s Dhabeji Grid Station and NTDC Line to Mitigate Wind Project Curtailments

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PPIB-new

The Private Power and Infrastructure Board (PPIB) anticipates that the completion of KE’s 220 kV Dhabeji Grid Station and the NTDC transmission line will alleviate power curtailments for existing wind projects. Wind Independent Power Producers (WIPPs) recently highlighted increasing curtailments, primarily attributed to low local demand in the HESCO area and system-wide transmission constraints since 2022. PPIB notes that compensation mechanisms for grid unavailability, like the Non-Project Missed Volume (NPMV) concept, may undervalue energy losses for wind projects, affecting their financial viability. To address these challenges, PPIB emphasizes the need…

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Experts Advocate Energy Conservation and Industrial Growth to Tackle Pakistan’s Energy Crisis

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Energy-Crisis

During a session titled “Powering Pakistan’s Future: Strategies to Address the Energy Crisis,” jointly organized by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Business Recorder, experts emphasized the critical need for energy conservation and industrialization to combat Pakistan’s energy challenges. Finance Minister Muhammad Aurangzeb graced the event as the chief guest. Dr. Fiaz Ahmed Chaudhry from Lahore University of Management Sciences (LUMS) highlighted Pakistan’s substantial spending of $70 billion on debt servicing for additional capacity charges. He stressed the importance of accurately estimating energy demands, especially…

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