Month: May 2024

petrol price to be reduced by Rs 10 to Rs 12 per liter for the next 15 days?

Admin
Khuda-Bakhsh

Due to the increase in smuggling, the import of oil and production of the refinery has decreased, Malik Khuda Bakhsh Karachi (12th May 2024) Due to the decrease in oil prices in the global market and the increase in oil smuggling in the country and the decrease in the consumption of imported petrol, there is a possibility that the government will reduce the price of petrol by Rs 10 to Rs 12 per liter for the next 15 days? The announcement is expected on Wednesday.  According to the sources, it…

Read More

LONGi Sets New World-Record for Silicon Solar Cell Efficiency, Launching 2nd Generation Ultra-Efficient BC-Based Module

Admin
LONGi-01

Madrid, Spain, May 7th, 2024 – LONGi Green Energy Technology Co. today announces that the company has broken another world-record for silicon solar cell efficiency only 4 months after it last set a world-record in this area. As certified by Germany’s Institute for Solar Energy Research Hamelin (ISFH), new silicon heterojunction back-contact (HBC) solar cells designed by LONGi have reached an efficiency of 27.30% under laboratory conditions. The new record was announced at a celebratory event where they also unveiled a new product, the Hi-MO 9. Guests at this event included LONGi’s founder and president, Li Zhenguo,…

Read More

PPIB Expects KE’s Dhabeji Grid Station and NTDC Line to Mitigate Wind Project Curtailments

Admin
PPIB-new

The Private Power and Infrastructure Board (PPIB) anticipates that the completion of KE’s 220 kV Dhabeji Grid Station and the NTDC transmission line will alleviate power curtailments for existing wind projects. Wind Independent Power Producers (WIPPs) recently highlighted increasing curtailments, primarily attributed to low local demand in the HESCO area and system-wide transmission constraints since 2022. PPIB notes that compensation mechanisms for grid unavailability, like the Non-Project Missed Volume (NPMV) concept, may undervalue energy losses for wind projects, affecting their financial viability. To address these challenges, PPIB emphasizes the need…

Read More

Experts Advocate Energy Conservation and Industrial Growth to Tackle Pakistan’s Energy Crisis

Admin
Energy-Crisis

During a session titled “Powering Pakistan’s Future: Strategies to Address the Energy Crisis,” jointly organized by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Business Recorder, experts emphasized the critical need for energy conservation and industrialization to combat Pakistan’s energy challenges. Finance Minister Muhammad Aurangzeb graced the event as the chief guest. Dr. Fiaz Ahmed Chaudhry from Lahore University of Management Sciences (LUMS) highlighted Pakistan’s substantial spending of $70 billion on debt servicing for additional capacity charges. He stressed the importance of accurately estimating energy demands, especially…

Read More

Chinese Firms Secure Contracts in Iraq’s Oil and Gas Licensing Round

Admin
oil and gas

Iraq recently concluded an oil and gas licensing round aimed at developing its vast gas reserves and attracting significant investments. The round, which featured 29 projects across 12 governorates, including an offshore exploration block in the Arab Gulf waters, saw Chinese companies securing contracts for five fields. Zhongman Petroleum and Natural Gas Group acquired rights to the Northern Extension of the Eastern Baghdad field and the Middle Euphrates field. China’s United Energy Group Ltd won the bid for the Al-Faw field in southern Basra, while ZhenHua secured the Qurnain field…

Read More