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Trina Solar announces module shipments of 28.79GW as of third quarter, new-generation Vertex N modules redefine high-efficiency products

November 21, 2022November 21, 2022 Admin

Trina Solar (688599.SH), a leading global PV and smart energy total solutions provider, reported its third quarter 2022 financial results on October 30, announcing revenue ofabout USD 8.8 billion (RMB 58.2 billion) in the first three quarters, up 82.56% year-over-year. Trina Solar said that by the end of the third quarter its module shipments for the year had totaled 28.79GW,…

Neelum-Jhelum hydropower project suffers damage worth Rs22.5bn after tunnel collapse

November 21, 2022November 21, 2022 Admin

The 969 MW Neelum-Jhelum hydropower project, which is non-operational since July 6, in the wake of blockage that appeared in the 3.5km Tail Race Tunnel (TRT), has seen an estimated damage of Rs22.50 billion (Rs2.50 billion construction cost and Rs20 billion as business loss). “The project will now come on stream by the end of February 2023. Till February 2023, the…

Power generation cost declines

November 21, 2022November 21, 2022 Admin

The cost of fuel in power generation maintained a downward trend for the fourth consecutive month, falling to Rs9.02 per unit as a drop in demand for electricity kicked expensive plants out of the system, making room for cheaper ones in October 2022. The reduction in use of expensive fuel for the generation of electricity is a blessing in disguise,…

Pakistan-made footballs at FIFA World Cup 2022: the ‘crown jewel’ for Sialkot’s Forward Sports

November 21, 2022November 21, 2022 Admin

The FIFA World Cup 2022 begins on Sunday as focus finally moves towards the action on the field, marking the culmination of Qatar’s extraordinary campaign to first win the vote to land the tournament and then embark on a spending spree of tens of billions of dollars to build the stadiums and infrastructure to cater to it. The country of…

Saudis Take The Lead In New Round Of OPEC+ Cuts

November 19, 2022November 19, 2022 Admin

In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. 1. Saudi Arabia Leads OPEC+ by Example •…

France Is Facing A High Risk Of A Power Supply Squeeze In January

November 19, 2022November 19, 2022 Admin

he French electricity grid is at higher risk of strained power supplies in January 2023 than previously estimated due to lower nuclear power generation, France’s power grid operator RTE said in its latest winter preparedness analysis on Friday. Delays in routine maintenance work at France’s nuclear power stations will lead to a slightly lower nuclear availability this winter than expected…

Power Generation Cost Declines as Renewables, Solar Share Goes up

November 19, 2022November 19, 2022 Admin

Cost of power generation in the country went down by three percent in the month of October this financial year, compared to the same month of last fiscal. Tahir Abbas, head of research at Arif Habib Limited said, “The decline in the total power generation cost was mainly triggered by rise in the power generation from hydel, nuclear, wind and…

PIBT willing to supply Thar coal to Gwadar power plant

November 19, 2022November 19, 2022 Admin

Pakistan International Bulk Terminal Limited (PIBT) has expressed willingness to supply Thar coal to 300-MW Gwadar Port through barges/ ships as the government intends to shift imported coal project to local coal, well informed sources told Business Recorder. Pakistan International Bulk Terminal Limited is the only terminal at Port Qasim from where Thar coal can be transported for the coal…

LPG Air Mix Plant: OGRA Finds SNGPL Responsible for Delay

November 19, 2022November 19, 2022 Admin

The Oil and Gas Regulatory Authority (OGRA) found the Sui Northern Gas Pipeline Limited (SNGPL) responsible for a two-year delay in the installation of the LPG air mix plant in Gilgit and misleading the Economic Coordination Committee (ECC) about its progress and has fined it Rs20 million. An official of the regulator told Business Recorder on the condition of anonymity…

ECC allows TCP to import urea from China and Azerbaijan

November 19, 2022November 19, 2022 Admin

The Economic Coordination Committee (ECC) of Cabinet on Friday allowed the Trading Corporation of Pakistan (TCP) to import 160,000 tonnes of urea from China and Azerbaijan under the government-to-government arrangement (G2G). The ECC meeting, chaired by Finance Minister Ishaq Dar, discussed the summary submitted by the Ministry of Industries and Production for the procurement of 200,000 tonnes of urea to…