To maintain a steady supply of LNG, the government has instructed Sui Northern Gas Company Limited (SNGPL) and Sui Southern Gas Company (SSGC) to arrange financing from banks. This move aims to assist Pakistan State Oil (PSO) in managing Letters of Credit (LCs) for LNG imports, according to a senior official from the Energy Ministry speaking to The News. The…
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In a recent inter-ministerial meeting chaired by Rashid Mahmood Langrial, Additional Secretary Incharge of the Ministry of Industries and Production, the Commerce Ministry has encouraged M/s Sinotec Solar (Pvt) Ltd, a Chinese company, to consider establishing a joint venture (JV) with M/s Ghani Glass to expedite the localization of solar panel-related items. Langrial reviewed the progress made since the last…
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The Prime Minister’s Office (PMO) has issued directives to the Ministry of Energy, specifically the Petroleum and Power Divisions, to formulate a concrete plan within one month for the establishment of renewable energy plants by public sector oil companies. This initiative stems from Prime Minister Shehbaz Sharif’s inaugural address to the National Assembly, where he emphasized the importance of transitioning…
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In a notable display of its rising prominence, GoodWe recently hosted the Redefining GoodWe Meetup 2024, an event that surpassed all expectations. With a turnout of over 250 attendees, the evening unfolded as a vibrant convergence of industry leaders, partners, and enthusiasts. The Meetup featured captivating in-depth speaking topics led by GoodWe’s expert team, from advanced commercial and utility solutions…
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“Stretchable solar cells that can function under strain have received considerable attention as an energy source.” An innovative, flexible solar cell being developed in South Korea has passed a crucial stress test. Researchers from the Korea Advanced Institute of Science & Technology (KAIST) are working on a rubber-like sun-catcher made from organic materials. The idea is for these elastic cells to one day help power the…
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Farmers in arid regions are turning to low-cost solar pumps to irrigate their fields. This eliminates using fossil fuels and boosts crop production, but is drying up aquifers around the globe. There is a solar-powered revolution going on in the fields of India. By 2026, more than 3 million farmers will be raising irrigation water from beneath their fields using…
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ISLAMABAD: The Competition Commission of Pakistan (CCP) has rejected an application of Pakistan State Oil (PSO) meant for an extension in exemption on fuel supply on an exclusive basis to three independent power producers (IPPs), well-informed sources told Business Recorder. The CCP, in a letter to the PSO managing director, has cited reference to three applications filed by the PSO with…
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Engineers plan solar panel implant for human retina to retain eyesight Researchers at the University of New South Wales (UNSW) in Australia are working on a new prototype device that can be implanted on the eye’s retina to restore sight. The device uses solar panels like those used to convert sunlight into electricity, a university press release said. While a…
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The Pakistan Stock Exchange (PSX) joined hands with UN Women, International Finance Corporation (IFC), CFA Society Pakistan (CFASP), and Women On Board (WOB) to mark International Women’s Day 2024 with a gong ceremony. This year’s theme, ‘Invest in Women: Accelerate Progress,’ resonated with eminent women leaders and professionals across various sectors, who participated in the event. The celebration included bell-ringing,…
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Prime Minister Shehbaz Sharif on Thursday set up a committee for transferring 10 power distribution companies (DISCOs) to provinces, which was not in line with last month’s decision of the Special Investment Facilitation Council (SIFC) that wanted to hand over those firms to the private sector. The PM gave the directive to constitute a review committee to consider the proposal…
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