Author: Admin

Oil prices advance despite concern over more US tariffs

Admin
opec

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

Admin
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

Admin
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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India Surpasses 100 GW Solar Milestone, Paving Way for Green Energy Future

Admin
India-Project

NEW DELHI: India has achieved a significant renewable energy milestone, surpassing 100 GW of installed solar capacity as of January 31, 2025. This achievement marks a crucial step toward the country’s ambitious goal of 500 GW of non-fossil fuel-based energy by 2030. According to official data, India’s total solar capacity now stands at 100.33 GW, with an additional 84.10 GW under implementation and 47.49 GW under tendering. Hybrid and round-the-clock (RTC) renewable energy projects are also progressing rapidly, with a combined 64.67 GW under development, bringing the total capacity of…

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Chinese Envoy Highlights Strengthening Ties Through Mutually Beneficial Cooperation

Admin
china-pak

ISLAMABAD: Charge d’affaires of the Chinese Embassy, Shi Yuanqiang, emphasized that mutually beneficial projects across various sectors will further solidify the China-Pakistan strategic partnership. Speaking at a Chinese New Year celebration event, he noted that high-quality cooperation has strengthened bilateral relations, providing a strong foundation for their continued development. He highlighted the frequent high-level exchanges in 2024, including successful visits by the Prime Ministers of both countries, and the deepening of the China-Pakistan Economic Corridor (CPEC) into an “upgraded version.” Shi Yuanqiang commended the contributions of Chinese nationals in Pakistan,…

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