Company sources say petro-giant debating special-purpose renewables unit with wider shift into electricity production and distribution and hydrogen
Read MoreOil supermajor Shell in ‘comprehensive redesign’ for clean-energy future
Month: June 2020
ADB $500 Million Loan to Help Protect Poor, Strengthen Pakistan’s COVID-19 Health and Economic Response
MANILA, PHILIPPINES (10 June 2020) — The Asian Development Bank (ADB) has approved a $500 million loan to help the Government of Pakistan deliver social protection programs to the poor and vulnerable, expand health sector capabilities, and deliver a pro-poor fiscal stimulus to boost growth and create jobs as the country fights the novel coronavirus disease (COVID-19) pandemic. “The COVID-19 pandemic hit Pakistan at a critical point in its ongoing economic recovery program,” said ADB President Masatsugu Asakawa. “We are fully committed to supporting Pakistan through this difficult period. This…
Read MoreNestle Pakistan Releases Report on Creating Shared Value
LAHORE: Nestlé Pakistan recently published its ‘Nestlé in Society: Creating Shared Value (CSV) 2019 report highlighting its three main focus areas globally: for individuals and families, for communities, and for the planet. Talking about Nestle’s Creating Shared Value (CSV) philosophy, Waqar Ahmad, Head of Corporate Affairs, Nestlé Pakistan, said, “Our CSV initiatives are geared towards addressing the challenges faced by the country, in line with the United Nations Sustainable Development Goals (SDGs). Nestlé Pakistan is playing its role in community engagement and enhancement through various programs for its focus areas.”…
Read MoreIndia’s Adani Wins World’s Largest Solar Tender
Adani Green Energy, part of India’s Adani Group conglomerate, will build 8 gigawatts of large-scale solar capacity worth $6 billion in India over the next five years, after winning the world’s largest solar energy tender award this week. The Solar Energy Corporation of India (SECI), a government body responsible for delivering India’s 100-gigawatt solar target for 2022, selected Adani Green in a tender designed to give a boost to India’s solar manufacturing sector. Adani Solar, the Adani Group’s separate PV manufacturing arm, will build an additional 2 gigawatts of domestic…
Read MorePakistanis Can Order the Cheapest Electric Car in the World for Just Rs. 150,000
Electric cars from renowned automakers cost a fortune and there are plenty of import-related hassles that you have to go through, however, there’s an electric car that costs under $1,000. It is China made and can be ordered through Alibaba. An American citizen, Jason Torchinsky, ordered the same from a Chinese manufacturer called Changli. He, however, was left a little awe-struck when the electric car came packed in a box. Not sure how it would perform, he unboxed the EV and was quite surprised to find out that it has…
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