Year: 2023

KE plans ambitious 640MW renewable energy initiative

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Renewable-Energy

Aims to diversify Karachi’s energy mix, drive down costs and reduce environmental impact ISLAMABAD: K-Electric (KE), the primary electricity provider for Karachi, is advancing a strategic renewable energy plan that could reshape the city’s power landscape. The company has taken significant steps towards adding 640MW of renewable capacity to the local grid. KE’s revised Requests for Proposals (RFPs) submitted include four renewable energy projects, all in line with open competitive bidding regulations established by the National Electric Power Regulatory Authority (NEPRA). These projects aim to diversify the city’s energy mix…

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Theft control, renewables key to low tariffs

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power-tariff

LAHORE: Speakers at a consultative session were unanimous that controlling theft, appointing professionals in Discos, increasing power generation from indigenous and renewable resources, and separating financial recoveries like taxes and fee from electricity bills are crucial to reduce the rising power tariffs for consumers. They were also of the view that there is a need to reduce the cost of power production in order to lower tariffs and eliminate the uniform tariff policy across the board, making distribution companies more efficient and responsible for managing losses in their respective territories.…

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Pakistan third top recipient of Chinese finance: study

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Chinese-finance

KARACHI: Pakistan is the third biggest recipient of Chinese development finance worldwide with a portfolio of $70.3 billion, according to a report released on Monday by AidData, a US-based international development research lab. Only two per cent of China’s portfolio in Pakistan between 2000 and 2021 consisted of grants while the rest was in the form of loans, says the AidData report that claims to have drawn its conclusions using data from more than 5,300 sources. The average interest rate on loans was 3.72pc with an average maturity period of 9.84 years…

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LONGi sets a new world record of 33.9% for the efficiency of crystalline silicon-perovskite tandem solar cells

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LONGi-sets

Xi’an, November 3, 2023-The world-leading solar technology company, LONGi Green Energy Technology Co., Ltd. (hereafter as “LONGi”), announced today that it has set a new world record of 33.9% for the efficiency of crystalline silicon-perovskite tandem solar cells. It is reported that the previous world record was 33.7% and conducted by King Abdullah University of Science & Technology (KAUST) in May this year. According to the latest certification report of the U.S. National Renewable Energy Laboratory (NREL), the crystalline silicon-perovskite tandem solar cells independently developed by the Chinese solar giant…

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Three key water projects face funding shortfall

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e4209a3f-35b0-4fbf-bb03-19084096b4d3

ISLAMABAD: Three key water sector development projects under the Prime Minister’s National Agriculture Emergency Programme and designed to increase crop yields leading to gaining self-sufficiency in food suffer a major setback as funding for these projects has been delayed. The national food security and research ministry — which sponsored these projects costing Rs194 billion and launched in 2019-2020 and due to be completed in 2024 — is now seeking a two-year extension for their completion in anticipation of approval of funds. The water-related projects include the second phase of ‘National…

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