Author: Admin

Global wind power production is “very predictable”, finds Eoltech study

Admin
Wind-Power

Eoltech, a leading wind and solar resource assessment consultancy, released today the findings of a new study that aimed at assessing the variations of the global wind resource over the last 15 years. The data show that worldwide wind power production is very predictable, with annual variations remaining within a ± 3 % range. These results are based on irec index, the wind energy index covering 80% of the world’s onshore wind farms installed as of 2023. The study combines the irec wind energy indexes that Eoltech releases each month…

Read More

BYD Partners with Mega Conglomerate to Introduce New Energy Vehicles in Pakistan

Admin
electric-vehicles

In Islamabad, the renowned new energy vehicle manufacturer BYD (Build Your Dreams) from China has announced a strategic collaboration with local partner Mega Conglomerate (Private) Limited. This partnership aims to introduce innovative New Energy Vehicle (NEV) solutions in Pakistan, aligning with the country’s goals to reduce carbon emissions and promote energy-efficient transportation. BYD, recognized for its groundbreaking work in electric vehicle production and surpassing Tesla in 2023 for the highest number of electric vehicles manufactured globally, brings its expertise to Pakistan’s automotive industry. The collaboration is expected to accelerate the…

Read More

PM Shehbaz Sharif Pushes for Accelerated Completion of Hydropower Projects

Admin
Karot-Hydropower

In Islamabad, Prime Minister Shehbaz Sharif has instructed authorities to expedite work on two crucial hydropower projects located in Attaabad and Harpo. Additionally, he has called for an action plan regarding solar energy projects in Gilgit-Baltistan, emphasizing the government’s commitment to addressing the region’s energy needs. Following a meeting with Gulbar Khan, Chief Minister of Gilgit-Baltistan, PM Shehbaz formed a committee to tackle the challenges faced by the region. This committee is tasked with providing comprehensive recommendations after thorough consultations on various issues affecting Gilgit-Baltistan. During the meeting, discussions centered…

Read More

Petroleum Demand Reaches 21-Month High, Indicating Economic Stability

Admin
oil-and-gas

In Karachi, the demand for petroleum oil products surged to a 21-month high of 1.15 million tonnes in March, showcasing a positive trend towards economic stability. Data from the Oil Companies Advisory Council (OCAC) revealed that oil marketing companies (OMCs) experienced a 4% increase in sales compared to the same period last year and a 3% rise from the previous month of February. Premium products such as petrol and diesel saw a significant uptick of 9% in March 2024 compared to the previous year and a 4% increase month-on-month. Analysts…

Read More

Balochistan’s farming tube wells to use solar power to plug Rs 80 billion annual losses

Admin
solar-power

Federal Minister for Power Sardar Awais Ahmed Khan Leghari has presided over a meeting aimed at transitioning Balochistan’s agricultural tube wells to solar energy. The meeting was attended by Federal Secretary Power, Chief Secretary Balochistan, and other officials. Minister Awais Leghari underscored the significant annual loss of 80 billion rupees incurred under the current system. He directed officials from the Quetta Electric Supply Company (QESCO) to provide detailed information regarding feeders dedicated to agricultural tube wells. Expressing the government’s unwavering commitment, Minister Leghari announced plans for swift action to convert…

Read More