Month: January 2022

NTDC completes 133 km 2nd Phase of 500 kV Neelum Jhelum Transmission Line

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Transmission line will evacuate Power from 969 MW Neelum Jhehlum HPP and 720 MW Karot HPPNTDC Headquarter, WAPDA House Lahore (14 Jan 2022) National Transmission and Despatch Company Limited (NTDC) has successfully completed and energized the 133 km long 2nd phase of 500 kV Neelum Jhehlum Double Circuit Transmission line and energized it successfully. Now the power generated through 969 MW Neelum Jhehlum Hydropower Project will be dispatched directly to 500 kV Nokhar (New Ghakkar) Grid Station which is closer to the load centres. The spokesman has said that the…

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Can The World Avoid A Global Oil Supply Crunch?

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The European gas crunch has been hogging headlines for months now, and with good reason – the continent is still struggling to secure enough energy for its winter needs. But there may be a worse crunch looming over the world, and that would be an oil crunch. The signs are there for everyone to see should they bother to look: OPEC’s spare capacity is dwindling, new discoveries are at historic lows, and banks are growing increasingly reluctant to engage with the oil and gas industry because of the rise of ESG…

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Sungrow Wins PV Magazine Award 2021 in the Inverter Category for its SG350HX

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 Sungrow, the global leading inverter solution supplier for renewables, announced that it won the prestigious PV Magazine Award 2021 for its flagship 1500V SG350HX PV inverter. As the only inverter company has given the honor this year, Sungrow stands out as a prominent industry leader innovating towards carbon neutrality. With PV Magazine being one of the most read industry platforms in Europe, this award is widely recognized. Sungrow sees this award assigned by a representative expert jury for the solar industry as an already qualifying appreciation for their next European string inverter product.…

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Cnergyico to become Pakistan’s Largest Private-Sector Fuel Retailer after acquiring Puma Energy

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Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited), one of Pakistan’s leading petroleum companies and largest refinery is set to acquire majority stake in Puma Energy Pakistan Private Limited (‘Puma’). Cnergyico having one of the largest refining capacity in the country, after this acquisition would have the second largest retail fuel network based on the current number shared by OMCs in Pakistan. In a meeting held today, Cnergyico Pk Limited’s Board of Directors have approved the acquisition of 57.37% shares of Puma Energy. Puma Energy runs 542 petrol pumps and…

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Saudi mining investment set to jump 150% in a decade as foreign joint ventures grow

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With an estimated potential value of $1.3 trillion, Saudi Arabia’s mining sector is set for significant foreign direct investment over the next decade, Arab News reported on Wednesday. A total of 48 minerals have so far been identified in the Kingdom. Gold, copper and phosphate are currently mined in large quantities, while other deposits include zinc, nickel and rare earth metals, used in the manufacture of computers and smart devices. Saudi Arabia’s commitment to private sector involvement in the mining sector can be seen in several international joint ventures struck…

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