Year: 2022

Payments to Chinese IPPs: CPPA-G seeks Rs100bn

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Central Power Purchasing Agency-Guaranteed (CPPA-G) has reportedly sought Rs100 billion for Revolving Account for coverage of payment to Chinese IPPs for 5-6 months as per Revolving Account Agreement (RAA), well informed sources in CPPA-G told Business Recorder. Chinese IPPs have been agitating for the last one year on the issue of due payments and urging GoP to open Revolving Account to resolve this issue, which has already halted new investment in Pakistan, sources added. Chinese ambassador to Pakistan and Chinese companies have held meetings with Prime Minister, Finance Minister, Power Minister…

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New Trina Solar Vertex N modules redefine high-efficiency products, 10GW+ capacity to be released in the first quarter of 2023

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Trina Solar, the global PV and smart energy total solutions provider, has unveiled its latest head-turner, the Vertex N 595W for C&I and utility-scale projects. Together with the Vertex N 690W for utility scenarios and Vertex S+ 445W for rooftop PV systems, Trina Solar’s n-type module portfolio is based on the leading 210 product technology platform and n-type i-TOPCon cell technology. The release of Vertex N will hit and reshape the PV market again. Vertex N 595W strengthens Vertex family, and is ready for deliveryThe newly announced Vertex N module,…

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Oil imports from Russia remain pipe-dream

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Former prime minister Imran Khan and current Finance Minister Ishaq Dar’s rhetoric to import Russian oil contradict the situation on the ground. The Pakistani oil sector has already made several failed attempts to import oil from Russia. A third-party oil supplier had offered the Pakistani Refinery Limited (PRL) an opportunity to import oil at discounted rates. Despite making concerted efforts, the Pakistani side failed to materialise the plan due to the US sanctions imposed against Russian companies. Sources say that following the war in Ukraine, the US and its allied…

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Potential Of Peak Shale Puts Oil Market On Edge

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If Washington is upset about the influence of the OPEC+ cartel over global oil markets, wait a few years – because it will only get worse. Many analysts are now forecasting that U.S. oil production could peak around 2024, which means the global oil market will have to make do without its most crucial short-cycle “swing” producer to keep up with growing global populations and demand for energy. It’s a troubling thought. The theory that global oil demand peaked in 2019 has been thoroughly debunked. Even the most pessimistic forecasters,…

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Frankly Terrifying”: Energy Crisis Could Drag 26M Brits Into Fuel Poverty

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The axing of the energy price guarantee from April next year could lead to almost 11m UK households falling into fuel poverty, campaigners have warned, which is about 26m people. It means more than one in three British households face the grim prospect of hardship: there are an estimated 28.1m households in the UK. The average household in Britain has 2.36 people. The End Fuel Poverty Coalition described the outlook as “frankly terrifying” and urged the Government to focus on a new package of support and energy market reforms, alongside…

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