Year: 2024

UK Unveils Ambitious Clean Power 2030 Plan: 45 GW Solar and 22 GW BESS Targets

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soalr energy

LONDON, Dec 16: The UK government has set ambitious targets under its Clean Power 2030 Action Plan, aiming for a dramatic expansion of solar and battery energy storage systems (BESS) to support its net-zero goals. The plan, unveiled on December 13, 2024, outlines the addition of 30 GW of solar capacity by 2030, bringing the total to 45-47 GW, alongside a fivefold increase in BESS capacity to 22-27 GW. Solar Energy GrowthThe new solar targets align with recommendations by the National Electricity System Operator (NESO) and represent a doubling of…

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China’s Thermal Power Generation Rises 1.9% in Jan-Nov Amid Renewables Expansion

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Carbon market

BEIJING, Dec 16: Despite China’s aggressive push for renewable energy, thermal power generation—primarily coal-fired—rose by 1.9% year-on-year during the first 11 months of 2024. Official data from the National Bureau of Statistics (NBS) indicates that thermal power output reached 5.74 trillion kilowatt-hours (kWh) from January to November. While natural gas-fired power plants contribute a smaller share, coal remains the dominant source of thermal energy. The slight increase in fossil fuel-based power highlights ongoing challenges in balancing China’s energy transition with growing electricity demand. This modest rise comes amid China’s rapid…

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IPPs Agree to Forensic Audit Amid Power Sector Reforms, Hopes SAPM

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Power-Plants

ISLAMABAD: Muhammad Ali, Special Assistant to Prime Minister (SAPM) on Power, has announced significant progress in renegotiating agreements with Independent Power Producers (IPPs) to address longstanding inefficiencies in Pakistan’s power sector. Speaking on Geo News’ special talk show “Aakhri Mauqa: Pakistan Kay Liye Kar Dalo”, Ali disclosed that 15 out of 18 IPPs established under the 1994 and 2002 power policies have agreed to revised terms, transitioning to a “take-and-pay” system. This move is projected to save the government a staggering Rs800 billion over the remaining duration of these contracts.…

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LPG Price Hiked by Rs10 per Kg in Karachi, Reaches Rs290

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LPG-Shortage

KARACHI: The price of liquefied petroleum gas (LPG) in Karachi has risen by Rs10 per kilogram, bringing it to Rs290 per kg, adding to the burden on consumers. This price is Rs36 higher than the official rate of Rs254 per kg set by the Oil and Gas Regulatory Authority (OGRA). Shopkeepers attribute the hike to increased rates by marketing companies, while citizens blame the government and profiteers for failing to regulate prices. Consumers expressed frustration, pointing out that essential items like chicken and vegetables are already being sold at inflated…

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Diesel Price Reduced by Rs3, Petrol Unchanged

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petrol-price

ISLAMABAD: The government has announced a reduction in the price of high-speed diesel (HSD) by Rs3.05 per litre while keeping petrol prices unchanged for the fortnight ending December 31, 2024. This decision aligns with fluctuations in international oil prices over the past two weeks, as calculated by the Oil and Gas Regulatory Authority (Ogra). The ex-depot price of HSD now stands at Rs255.38 per litre, down from Rs258.43. HSD is widely used in heavy transport vehicles, including trucks, buses, and trains, as well as in agriculture for tube-wells and threshers.…

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