Author: Admin

Hopewind, an all-round player in the global renewable energy stage

Admin
Hope-wind

Encompassing wind power, solar energy and energy storage systems, power conversion equipment including wind power converters, photovoltaic inverters, and energy storage converters share the common basic technology. The long-term reliability and stability of these components are of utmost importance for the sound operation of power plants, and are also where Hopewind’s strengths lie.  A leader in the wind power industry Established in April 2007 in Shenzhen, China, Hopewind’s first business order was to provide core modules for wind power converters. In 2009, Hopewind broke the bottleneck of voltage failure caused…

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Turkish firm wants probe into ‘Lot-1 affair’

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power-subsidy

ISLAMABAD: Turkish energy firm M/s SA-RA has urged caretaker Minister for Power and Petroleum Muhammad Ali to undertake a fair and independent investigation of 765-Kv Dasu transmission line (Lot-1) project. The company’s representative Caglar TEPE, in a letter to the caretaker Minister stated that the company understands that the Senate Standing Committee on Power and the World Bank Integrity Vice Presidency Department now possess the necessary evidence to substantiate its serious concerns about gross irregularities in the evaluation of the project with the intention of manipulating the contract. “We request…

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Jul-Dec power sector circular debt soars to Rs2.55trn

Admin
Power-control

ISLAMABAD: The country’s power sector circular debt stock is said to have reached Rs 2.551 trillion during first six months (July-December) 2023-24, showing 10.5 per cent growth in flow per month – Rs 40 billion in total terms – sources close to caretaker Minister for Power and Petroleum told Business Recorder. According to sources, circular debt stock which touched Rs 2.310 trillion at the end of 2023-24, with a growth of Rs 57 billion in stock, is now hovering at around Rs 2.551 trillion with a growth of Rs 241 billion…

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Tesla plans to build new electric vehicles in mid-2025

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New-Tesla

Production of affordable EV codenamed “Redwood” starts in 2025, targeting mass market with compact crossover design Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood” in mid-2025, according to four people familiar with the matter, with two of them describing the model as a compact crossover. Tesla CEO Elon Musk confirmed on a post-earnings call on Wednesday that the company expects to start production of its next-generation EV at its Texas factory in the second half of 2025. That will be followed by Mexico…

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FBATI president urges further power tariff cuts

Admin
power-gride

Hussain believes this will enhance overall investment climate, attracting both local, foreign investors KARACHI: Federal B Area Trade and Industries (FBATI), President, Syed Raza Hussain stated that the decision to reduce the power tariff by 7 cents will provide some relief to industrial consumers nationwide. He praised the caretaker government for announcing the reduction of the power tariff from 16 cents per KWh to 9 cents per KWh and urged the upcoming government to further revise down the power tariff. This, he believes, will empower industries to significantly reduce their…

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