AJK Government Announces Substantial Electricity Subsidies

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…

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

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…

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

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…

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

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…

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

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…

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Chinese Firms Secure Contracts in Iraq’s Oil and Gas Licensing Round

oil-discovery

Iraq recently concluded an oil and gas licensing round aimed at developing its vast gas reserves and attracting significant investments. The round, which featured 29 projects across 12 governorates, including an offshore exploration block in the Arab Gulf waters, saw Chinese companies securing contracts for five fields. Zhongman Petroleum and Natural Gas Group acquired rights to the Northern Extension of…

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Scrutiny Mounts Over Coal Imports for Power Plants Amid Pricing Concerns

New-coal

As electricity affordability impacts demand and consumers look beyond the national grid, the procurement of imported coal for power generation is under scrutiny. Despite overarching policies favoring localization and import substitution, power plants are leaning towards long-term coal imports. This shift, facilitated by streamlined spot imports, has halved coal prices, raising questions about transparency and market dynamics. Former caretaker power…

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