Author: Admin

OPEC Raises 2026 Oil Demand Forecast, Signals Tighter Market Ahead

Admin
New-OPEC

LONDON: The Organisation of the Petroleum Exporting Countries (OPEC) has raised its global oil demand forecast for 2026 while lowering its projection for supply growth from the United States and other non-OPEC+ producers, pointing to a potentially tighter market. In its latest monthly report, OPEC said it now expects world oil demand to rise by 1.38 million barrels per day (bpd) next year — an upward revision of 100,000 bpd from its previous estimate — while leaving its 2025 demand outlook unchanged. The group also slightly upgraded its forecast for…

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OICCI Urges Scaled-Up Climate Finance, Greater Private Sector Role in Resilience

Admin
OICCI-Project

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for urgent mobilisation of large-scale climate finance, stressing that the private sector must play a central role in strengthening Pakistan’s climate resilience. The appeal came at the launch of OICCI’s 3rd Pakistan Climate Conference Report, “Creating an Enabling Environment for Private Sector Participation in Climate Resilience.” Despite contributing less than 0.9% to global greenhouse gas emissions, Pakistan ranks first on the Climate Risk Index 2025 and continues to face disproportionate impacts. In 2022 alone, climate-induced disasters caused over…

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Pakistan Hails IWT Ruling as Victory in Water Dispute with India

Admin
Pak-Ind

ISLAMABAD: Pakistan has welcomed an international court ruling directing India to strictly follow the Indus Waters Treaty (IWT) in the design of hydroelectric power projects on rivers allocated to Pakistan, calling it a clear endorsement of Islamabad’s stance. The Hague-based Permanent Court of Arbitration (PCA), in a decision posted Monday, affirmed its jurisdiction over the dispute and ruled that India’s projects on the Western Rivers must conform “strictly” to the treaty’s technical specifications, rather than to ideal engineering practices. Pakistan’s Attorney General Mansoor Usman said the verdict largely upheld Pakistan’s…

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Nepra Slaps Rs95m Fine on Sepco, Hesco Over Losses, Poor Recoveries, and Safety Lapses

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has imposed a combined fine of Rs95 million on two Sindh-based power distribution companies — Sukkur Electric Power Company (Sepco) and Hyderabad Electric Supply Company (Hesco) — for exceeding transmission and distribution (T\&D) loss targets, weak recovery performance, and safety violations. Sepco was fined Rs50 million for failing to curb T\&D losses and improve recoveries during FY24, while Hesco faced a Rs25 million penalty for similar shortcomings. In addition, Nepra levied two separate fines of Rs10 million each on Sepco for failing…

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IPVF Confirms: LONGi’s BC Modules Hi-MO 9 Outperform TOPCon in Power Gen & LCOE

Admin
New-logo

Paris/France – Renowned European third-party technical consultancy IPVF recently conducted a comprehensive value assessment of two 50MW ground-mounted PV projects in France and Denmark. The study provides an in-depth comparison of the power generation performance between LONGi’s BC module Hi-MO 9 (2382*1134mm) and mainstream TOPCon products (2382*1134mm). Data reveals that LONGi’s Hi-MO 9 BC modules demonstrate significant advantages over TOPCon products in per-watt power yield, system costs, and particularly levelized cost of electricity (LCOE), delivering higher lifetime returns for large-scale centralized power plants. Multiple globally authoritative institutions including Enertis Applus+…

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