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Month: July 2024

Chinese Solar Companies Invest in U.S. Manufacturing Amid Inflation Reduction Act Incentives

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Solar-Project

July 17 (Reuters) – Several leading Chinese solar panel manufacturers are establishing operations in the United States, spurred by new clean energy manufacturing subsidies under President Joe Biden’s 2022 Inflation Reduction Act. Here are some notable investments: ILLUMINATE USAIlluminate, a joint venture between Chinese solar equipment maker Longi and U.S. clean energy project developer Invenergy, began producing solar panels at…

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Fitch Forecasts Political and Economic Outlook for Pakistan

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Fitch-ratings

ISLAMABAD: Fitch Ratings has forecasted that the current government led by Pakistan Muslim League (N) (PML-N) will remain in power for the next 18 months. In its report on Pakistan, Fitch also predicted that the founder and chairman of Pakistan Tehreek-e-Insaf (PTI) will remain in custody in the near future. The report highlighted external payment pressures as a significant economic…

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IHC to Investigate Coal Purchase Irregularities by Power Plants

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New-Project

ISLAMABAD: The Islamabad High Court (IHC) will investigate alleged irregularities in coal procurement for power plants, which have reportedly inflated electricity generation costs. A group of petitioners filed an application questioning the coal procurement bidding process. They urged the court to direct the Ministry of Energy to conclude its inquiry, initiated after the power division’s letter on March 1. The…

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SNGPL Procures Rotary Meters to Reduce Line Losses

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New-SNGPL

LAHORE: Sui Northern Gas Pipelines Ltd (SNGPL) has initiated the procurement of over 5,000 rotary gas meters and allied materials, including electronic volume correctors (EVCs), from a Canadian firm, with deliveries beginning in September. This procurement is a crucial part of a larger project aimed at significantly reducing Unaccounted-for Gas (UFG) or line losses. In the project’s first phase, 1,470…

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Transforming Pakistan’s Power Sector: Operationalising a Competitive Wholesale Electricity

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power-sector

The power sector’s transition from vertically integrated utilities (VIUs) to a competitive market structure has been a global trend since the 1980s, aimed at enhancing competition, efficiency, liquidity, reducing costs, and improving service quality. In the context of the Government of Pakistan (GoP), several challenges have hindered this transition since three decades.

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OGRA TAKES ACTION AGAINST MIXING OF CO2 WITH LPG

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Islamabad: The Oil and Gas Regulatory Authority (OGRA) has taken serious note of the issue of mixing carbon dioxide (CO2) with liquefied petroleum gas (LPG) by illegal decanters. In response, OGRA conducted a high-profile meeting chaired by Mr. Masroor Khan, Chairman OGRA, along with authority members, enforcement, legal, and LPG teams. The meeting addressed the potential life risks associated with…

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Hike in prices of solar-powered inverters expected

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Solar-Power

LAHORE: Excessive panel imports have encouraged aggressive solar power system installations by consumers across the country to reduce their inflated power bills.This was stated by Adil Mehmood, the former president of the Sheikhupura Chamber of Commerce & Industry, while sharing his views about solar industry.According to him, solar panel dealers are busier than last year, while dealers of power generators…

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Progress of Spat Gah power project reviewed

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power-project

PESHAWAR: Secretary Energy and Power Nisar Ahmad Khan called foreign investment as a milestone in the coming days for the development of the energy sector in the province.The senior official said that the natural resources of hydropower found in Khyber Pakhtunkhwa are a valuable treasure here, which if not utilized will only save the country from the current energy crisis…

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Pakistani, Chinese cos reach preliminary agreement to introduce solar e-bikes

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Electric-bikes

ISLAMABAD: Chinese and Pakistani companies have reached a preliminary cooperation agreement to introduce eco-friendly solar e-bikes to Pakistan.The joint venture involves Road King, a leading electric scooter brand in Pakistan, and AGAO Solar Mobility, a China-based startup specializing in solar-powered scooters, as reported by a private news channel.As reported by the China Economic Net (CEN), both parties engaged in detailed…

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Govt notifies major power tariff hike

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power-subsidy

Sharp rise in power rates to affect millions of consumers ISLAMABAD: The PML-N led federal government has finally notified a phenomenal increase in power tariff for all consumers including those served by the K-Electric—a hike that is going to affect millions of power users across the country.The Power Division on Sunday issued the notification for the increase in the basic…

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