Year: 2022

COP27 sets up fund for climate loss and damage

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SHARM EL-SHEIKH: A fraught UN climate summit wrapped up Sunday with a landmark deal on funding to help vulnerable countries cope with devastating impacts of global warming — but also anger over failure to push further ambition on cutting emissions. The two-week talks in Egypt’s Red Sea resort of Sharm el-Sheikh, which at times appeared to teeter on the brink of collapse, delivered a major breakthrough on a fund for climate “loss and damage”. A final COP27 statement covering the broad array of efforts to grapple with a warming planet…

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Trina Solar announces module shipments of 28.79GW as of third quarter, new-generation Vertex N modules redefine high-efficiency products

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Trina Solar (688599.SH), a leading global PV and smart energy total solutions provider, reported its third quarter 2022 financial results on October 30, announcing revenue ofabout USD 8.8 billion (RMB 58.2 billion) in the first three quarters, up 82.56% year-over-year. Trina Solar said that by the end of the third quarter its module shipments for the year had totaled 28.79GW, tracker shipments totaled 2.8GW and energy storage shipments exceeded 300MWh. Trina Solar ranks first in the industry worldwide in the number of 210mm cell modules shipped. According to the third-party…

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Neelum-Jhelum hydropower project suffers damage worth Rs22.5bn after tunnel collapse

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The 969 MW Neelum-Jhelum hydropower project, which is non-operational since July 6, in the wake of blockage that appeared in the 3.5km Tail Race Tunnel (TRT), has seen an estimated damage of Rs22.50 billion (Rs2.50 billion construction cost and Rs20 billion as business loss). “The project will now come on stream by the end of February 2023. Till February 2023, the project would brave a business loss of Rs20 billion,” a senior official of the Neelum-Jhelum Hydropower Company Limited (NJHPCL) told The News. When asked as to who will bear the loss, either the…

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Power generation cost declines

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The cost of fuel in power generation maintained a downward trend for the fourth consecutive month, falling to Rs9.02 per unit as a drop in demand for electricity kicked expensive plants out of the system, making room for cheaper ones in October 2022. The reduction in use of expensive fuel for the generation of electricity is a blessing in disguise, as this is achieved at the cost of economic activities. The partial or complete closure of factories in different sectors of the economy (including textiles, car manufacturing and construction materials)…

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Pakistan-made footballs at FIFA World Cup 2022: the ‘crown jewel’ for Sialkot’s Forward Sports

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Pakistan-made footballs at FIFA World Cup 2022: the ‘crown jewel’ for Sialkot’s Forward Sports November 21, 2022 The FIFA World Cup 2022 begins on Sunday as focus finally moves towards the action on the field, marking the culmination of Qatar’s extraordinary campaign to first win the vote to land the tournament and then embark on a spending spree of tens of billions of dollars to build the stadiums and infrastructure to cater to it. The country of barely 3 million people, one of the world’s biggest producers of natural gas,…

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