Author: Admin

Centre Claims Rs225 Billion Receivables from K-Electric Amid Decline in Circular Debt

Admin
K-Electric

ISLAMABAD: The federal government has claimed Rs225 billion in receivables from K-Electric (KE), with Rs186.5 billion attributed to mark-up on a principal liability of Rs38.8 billion, according to the power division’s latest circular debt report. The report, released after a six-month gap, highlighted a reduction in the power sector’s circular debt, which stood at Rs2.381 trillion as of November 2024—a notable decline from Rs2.678 trillion in November 2023, marking an 11% decrease. The report revealed that circular debt across three major categories—payables to power producers, fuel suppliers, and liabilities parked…

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deugro Wins Prestigious Project Forwarding Award at BIFA 2024

Admin
New-Project21

London: At the British International Freight Association (BIFA) Freight Service Awards 2024, deugro was honored with the Project Forwarding Award, recognizing its exceptional logistics solution for a complex project in northern Papua New Guinea. The BIFA Freight Service Awards celebrate excellence and professionalism across nine industry categories. At the ceremony held on January 16, 2025, deugro impressed judges with its innovative approach to delivering 106,680 FRT of cargo to a remote island construction site. The project’s challenges included limited infrastructure, diverse cargo, strict health and safety requirements, and even encounters…

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Chinese Solar Panel Makers Cut Operations in Malaysia Amid US Tariffs

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Solar-Panel

KUALA LUMPUR – Chinese solar panel manufacturers in Malaysia, including industry giants Jinko Solar, Risen Energy, and JA Solar, have scaled back or ceased operations in response to escalating US tariffs, according to industry sources. These firms, which collectively represent nearly 40% of Malaysia’s solar production capacity, have faced shrinking profit margins due to heightened US scrutiny and tariffs. Risen Energy, which entered Malaysia in 2021 with plans to invest RM42 billion in Kedah, has significantly reduced production. Meanwhile, Longi Green Energy, accounting for 37% of Malaysia’s solar capacity, halted…

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China Sets New Records in Solar and Wind Power Installations in 2024

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soalr energy

HONG KONG, (Reuters) – China achieved unprecedented growth in renewable energy installations in 2024, breaking previous records in its rapid pursuit of clean energy dominance, according to official data released on Tuesday. The National Energy Administration (NEA) reported a staggering 45.2% increase in solar power capacity and an 18% rise in wind power installations compared to 2023. Solar capacity now stands at an impressive 886.67 GW, up from 609.49 GW the previous year, far outpacing the United States, which had 139 GW in 2023, per the International Renewable Energy Agency.…

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Gas Shortage Sparks Debate in Senate; Government Outlines New Exploration Plans

Admin
Gas

ISLAMABAD: Amid ongoing natural gas shortages, the federal government informed the Senate of plans to open bidding on 30 newly identified offshore assets within six months. These measures aim to address the worsening gas crisis. Speaking at the session on Monday, Petroleum Minister Musadik Malik revealed findings from recent research indicating significant potential gas resources within Pakistan’s maritime boundaries. “In just two months, 25 to 30 offshore assets have been identified, with bidding scheduled in six months. Additionally, new onshore assets will be opened for bidding within three to four…

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