Day: July 28, 2022

LONGi rises to 168ᵗʰ on 2022 Fortune China 500 list

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In the 2022 Fortune China 500 list released on July 12, LONGi Green Energy Technology Co., Ltd. (LONGi) ranked 168th, up 42 places from the 2021 ranking. LONGi has been in the Fortune China 500 list for six consecutive years, rising significantly from 495th to 168th position since its first inclusion in 2017. The Fortune China 500 list takes into account the performance and achievements of the largest Chinese listed companies in the world over the past year. The authoritative list garners considerable domestic and international interest. LONGi has maintained stable operations and achieved significant global…

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LONGi achieves new milestone of 30GW for Hi-MO 5 module shipments

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LONGi’s Hi-MO 5 modules, based on 182mm cells, have now been delivered to clients in 94 countries, with total shipments exceeding 30GW and the company’s design philosophy validated by the product’s popularity with customers. Hi-MO 5 modules are not only ideal for utility-scale power plants, but are also widely applicable for the DG market. In depth analysis suggests that Hi-MO 5 is widely considered to represent the optimal product based on size, its compatibility with the industrial chain, its product value and life cycle reliability. From the very first Hi-MO…

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EIA Inventory Report Pushes Oil Prices Higher

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Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory draw of 4.5 million barrels for the week to July 22. This compared with a modest inventory decline of 400,000 barrels for the previous week. It also compared with an estimated crude oil inventory draw of 4 million barrels for last week, as reported by the American Petroleum Institute. At 422.1 million barrels, U.S. crude oil inventories are about 6 percent below the average for this time of the year. In gasoline, the authority estimated…

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Company doesn’t hold authority on taxes: K-Electric

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As regulated entities, no Distribution Company including K-Electric holds any authority to levy or remove taxes. While it is common knowledge on who has this authority, certain elements seem to be regrettably misleading the traders’ community due to their vested interest in the matter. Approaching the correct forums could have resulted in more productive outcomes on the matter.” Spokesperson K-Electric highlighted in a statement today. The company will ensure a swifter implementation of any revision in the orders from the relevant authorities if and when such revisions are received. It…

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Wapda Projects 20pc Increase In Revenue Requirement For FY2022-23

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WAPDA has projected an increase of 20 percent in revenue requirement for the FY2022-23, as it has sought NEPRA approval for hike in tariff for bulk supply of power from its hydle power stations.In its tariff petition, for revision of tariff for 2022-23 for sale of bulk supply of power from WAPDA hydle power stations, WAPDA has requested NEPRA for determination of revenue requirements of Rs 121.808b for ongoing fiscal, which is 20pc higher than the NEPRA’s determined revenue requirements of Rs 101.382b for the FY 2021-22. Change in components…

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