Day: July 19, 2022

GE on Monday announced the brand names of the future companies it will create through its planned separation into three industry-leading, global, investment-grade public companies focused on the growth sectors of healthcare, energy, and aviation. GE HealthCare will be the name of GE’s healthcare business. GE’s existing energy portfolio of businesses, including Renewable Energy, Power, Digital, and Energy Financial Services, will sit together under the brand name GE Vernova. GE Aerospace will be the name of GE’s aviation business. All three planned companies will continue to benefit from GE’s heritage…

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M/s China Machinery Engineering Corporation (CMEC), which established 1,263 MW RLNG-fired project at Jhang, has sought help from Prime Minister Shehbaz Sharif to resolve its issues and raise more funds from China. CMEC President Fang Yanshui, in a letter to Prime Minister has shared major concerns of the project, expecting a consistent support for the project. He said on July 1, 2022 a successful seven-day reliability test was run of GT1 with a shared effort between the Government of Punjab, Punjab Thermal Power (Pvt) Limited and CMEC. Especially with the…

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Neelum-Jhelum hydro-power plant, which is non-operational since July 06, will take six months to restore power supply in the national grid. The 969 MW project malfunctioned due to blockage in its tail race tunnel. Apparently, it is the geological failure in the tunnel, but the real cause will be traced once the dewatering process is completed, said the top officials of the energy ministry. However, Wapda insiders told The News that the Chinese contractor CGGC-CMEC (Gezhouba Group), which constructed the project, was engaged. In addition, the water and power authority…

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“As per SRO 1004 dated July 7, 2022, the tariff rates and slab structure for tariff of unprotected non-ToU residential consumers (ie consumers with sanctioned load below 5kW) has changed,” it said. “Protected” consumers, as per tariff terms proposed by the government under its power subsidy rationalisation plan and by NEPRA as those non-ToU residential consumers with monthly electricity usage of 200 units or less, consistently for the past 6 months. Consumers in the unprotected category would now only be charged on one slab in which their units fall. Accordingly,…

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