Month: November 2024

Diamond Jubilee Celebrations of National Bank of Pakistan75 Years of Unwavering Excellence

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Diamond Jubilee

Exuberant celebrations filled with unwavering dedication and opulent prestige marked the 75th anniversary of the National Bank of Pakistan (NBP). Held at the historic Mohatta Palace in Karachi, the event was attended by eminent dignitaries from the government, business community, and customers from across the country.Mr. Rehmat Ali Hasnie, President NBP, warmly welcomed the Chief Guest, Mr. Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), industrial catalysts, and other distinguished guests alongside members of NBP’s management.The event marked the Diamond Jubilee of NBP’s illustrious journey as a cornerstone…

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U.S. Imposes Tariffs on Solar Panels from Southeast Asia Over Dumping Allegations

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Floating Solar

Washington: The U.S. Commerce Department has announced tariffs on solar panel imports from Cambodia, Malaysia, Thailand, and Vietnam following allegations of market dumping. The decision stems from a trade complaint by Hanwha Qcells, First Solar Inc., and other U.S. manufacturers seeking to safeguard domestic solar investments. Dumping duties range from 21.31% to 271.2%, varying by company and country of origin. Key determinations include: Jinko Solar: 21.31% for Malaysian products and 56.51% for Vietnamese-made panels.Trina Solar: 77.85% for Thai products and 54.46% for Vietnamese goods.Hanwha Qcells: No dumping margin for Malaysian…

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China Coal Secures 4 GW of Solar Modules at $0.10/W in Major Procurement Round

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Solar-Modules

Beijing: China Coal Energy Group (China Coal) has finalized contracts for 4 GW of solar modules from JinkoSolar, Tongwei Solar, JA Solar, and DAS Solar in its first centralized procurement for 2024. The procurement includes 3 GW of n-type tunnel oxide passivated contact (TOPCon) modules (2.7 GW bifacial, 0.3 GW single-sided) priced at CNY 0.755 ($0.10) per watt and 1 GW of p-type passivated emitter and rear cell (PERC) modules (0.7 GW bifacial, 0.3 GW single-sided) at CNY 0.716/W. JinkoSolar secured the largest allocation at 2,100 MW, followed by Tongwei…

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Eskom Issues Tender for 72 MW Solar Project at Komati Power Station

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power-solar

South Africa: Eskom, the South African utility, has invited bids for an engineering, procurement, and construction (EPC) contractor to develop a 72 MW solar PV project at its Komati Power Station. The project will involve designing, procuring, constructing, and commissioning a solar PV system across four adjacent land parcels near Middelburg and Bethel. The EPC contractor will also provide detailed design documentation, maintenance manuals, and an 18-month operation and maintenance service for a single-axis tracker system, along with network integration equipment. Komati Power Station, with nine generating units and a…

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PPL Announces Gas and Condensate Discovery in Sindh’s Shah Bandar Block

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New-PPL

KARACHI: Pakistan Petroleum Limited (PPL) has announced a significant gas and condensate discovery in the Shah Bandar Block, District Sujawal, Sindh. This marks the second hydrocarbon find at the Pateji X-1 well, highlighting its exploration success. According to material information shared with the Pakistan Stock Exchange, PPL identified the new discovery in the Upper Sand (C-Sand) reservoir after thorough in-house evaluation of acquired geological and geophysical (G&G) data. The exploratory well, drilled to a depth of 2,475 meters, confirmed hydrocarbon potential within the Lower Goru Formation. PPL operates the Shah…

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