Day: February 10, 2025

Chinese CG donates 38 solar-powered systems to Balochistan

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solar energy

KARACHI: The Consulate General of China in Karachi has donated Balochistan province with 38 solar-powered systems, extensively covering areas such as Kalat, Kohlu, Dera Bugti, Zhob, Nushki, and Khuzdar in Balochistan. This initiative benefits schools, hospitals, mosques, and tribal communities, with aim to significantly reduce the reliance of remote areas on unstable power grids, alleviate the local energy shortage issues, and improve the living standards of the residents. On February 8, the Consulate General held a handover ceremony attended by Yang Yundong, Consul General of China in Karachi, Sheikh Jafar…

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Chinese company to purchase 120MW electricity

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120MW electricity

PESHAWAR: Chinese Investment Company (China Century Steel Mills) has contacted the Khyber Pakhtunkhwa government for purchase of 120 MW cheap hydropower from Chakdara Swat Corridor, showing interest in the energy sector for establishment of steel mills in province. In this connection, a delegation of Chinese investment company “China Century Steel Mills” had a special meeting with the Special Assistant to Chief Minister KP for Energy Engr. Tariq Sadozai in his office. Speaking to delegation, Tariq Sadozai has said that energy sector in province is of great importance and the economy…

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Oil prices advance despite concern over more US tariffs

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Oil holds at two-month

LONDON: Oil prices rebounded on Monday despite lingering fears over a potential global trade war after U.S. President Donald Trump’s latest tariff plans, this time targeting steel and aluminium. Brent crude futures were up $1.05, or 1.4%, at $75.71 a barrel by 1301 GMT. U.S. West Texas Intermediate crude added 1.5%, also rising $1.05 to $72.05. Monday’s gains could be down to bargain hunting after the market posted a third consecutive weekly decline last week, pressured by the concerns over global trade. “It’s tariff uncertainty which is the name of…

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Solar Energy is Pakistan’s Best Hope for Overcoming Power Crisis: Kundi

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New-Solar

ISLAMABAD: Khyber Pakhtunkhwa Governor Faisal Karim Kundi has emphasized that solar energy is the most viable solution to Pakistan’s worsening electricity crisis. Speaking at the “Knox Mega Minds-2025” event as the chief guest, Kundi highlighted the country’s accelerated shift toward solar power. He praised Knox Solar for its contributions to renewable energy and commended its management for successfully organizing the event. Kundi noted that Pakistan’s energy crisis has placed a heavy financial burden on ordinary citizens, with soaring electricity prices forcing many to turn to power theft. He stressed that…

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China to Scale Back Clean Energy Subsidies After Record Solar Boom

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soalr energy

BEIJING, Feb 10 (Reuters): China’s top economic planning agency has announced plans to roll back subsidies for renewable energy projects following a record-breaking surge in solar and wind power installations. In 2024, China’s installed solar capacity grew by an unprecedented 45%, pushing the nation’s total solar power capacity to nearly 887 GW—more than six times that of the United States, according to the International Renewable Energy Agency. This rapid expansion enabled China to achieve its 2030 clean energy target six years ahead of schedule. The National Development and Reform Commission…

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