While 2023 was the sunniest year of the century, 2024 presented a more complex solar energy picture despite being the second-hottest year on record. Analysis by Solcast API reveals varied irradiance trends shaped by weather patterns such as El Niño and regional droughts, decoupling global heat records from consistent solar potential. Regional Insights: Americas: Canada and Alaska faced below-average solar…
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The Koto Hydropower Project in Lower Dir, Khyber Pakhtunkhwa, is nearing completion and is expected to commence power generation later this year. The project will produce 40.8 megawatts of affordable electricity, contributing significantly to the province’s energy needs. Key Benefits: Economic Impact: The project is projected to generate an annual income exceeding Rs. 1.7 billion.Employment Creation: New job opportunities will…
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Pakistan Petroleum Limited (PPL) has announced the start of gas production from the Takri-1 exploratory well in Jamshoro, Sindh. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX). The Kotri North Joint Venture, consisting of United Energy Pakistan Limited (UEPL) as the operator with a 50% working interest, along with PPL (40%) and Asia Resources Oil…
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China has emerged as the world’s second-largest holder of lithium reserves, solidifying its leadership in electric vehicle (EV) batteries and renewable energy technologies. According to Xinhua, China’s share of global lithium reserves has surged from 6% to 16.5%, surpassing Australia, Argentina, and Bolivia, with only Chile ahead. This milestone is attributed to significant discoveries and breakthroughs in extraction technologies. Key…
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The Federal Board of Revenue’s (FBR) Directorate of Customs Post Clearance Audit South has uncovered a staggering Rs106 billion money laundering scheme disguised as solar panel imports, Express News reported. The investigation revealed the involvement of seven fake companies: Messrs Sky Linkers Trading Company, PeshawarMessrs Sky Linkers Business Chain Private Limited, PeshawarMessrs Bright Star Business Solution Private Limited, PeshawarMessrs Moonlight…
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