Month: July 2022

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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Govt to complete Thar Coal Power Project in first quarter 2023: PM

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Prime Minister Shehbaz Sharif on Wednesday said that the present government was making rapid progress to complete the Thar Coal Power Project by the first quarter of 2023 for which as many as 7,000 local people have been employed. The prime minister was talking during a meeting with a Chinese delegation led by the president of Shanghai Electric, Liu Ping. The meeting was attended by former prime minister Shahid Khaqan Abbasi, Federal Minister for Power Khurram Dastgir Khan, Minister of State for Petroleum Dr. Mussadak Malik, Special Assistants Zafaruddin Mahmood,…

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