Net metering to enhance generation of renewable energy in Pakistan

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The net metering will enhance the generation of renewable energy in Pakistan as well as mitigate the effects of climate change, WealthPK reported. According to experts, net metering encourages power consumers to shift from traditional energy sources to solar energy sources. The unprecedented hike in power tariffs has compelled people to shift to solar energy sources to meet their needs.…

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Centre may revise royalty of oil, gas deposits of Balochistan govt

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The federal government is considering to revise the royalty of oil and gas deposits of Balochistan government, which is badly hit by the recent monsoon flooding, sources said. The new royalty will be based on last Petroleum Exploration and Production Policy, 2012, which will help achieve maximum self-sufficiency in energy and promote exploration and production activities by providing competitive incentives…

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Saudi Arabia launches 3300 MW Renewable energy projects

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These projects, with a total capacity of 3300 MW, include three projects to produce power by wind energy and two projects to produce power by solar energy. The total capacity of Wind energy production projects for this phase is 1800 MW, distributed  as follows: Yanbu Project with a capacity of 700 MW Al-Ghat Project with a capacity of 600 MW Waad Al Shamal Project…

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PPRA strikes down NTDC-approved Tarbela-V transmission line tender

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The Public Procurement Regulatory Authority (PPRA) has termed tender approved by National Transmission and Despatch Company (NTDC) for laying 500KV Double Circuit Transmission Line as mis-procurement. The transmission utility has been held responsible for ignoring rules and regulation in the evaluation process for the procurement of design, supply, installation, testing and commissioning of 500KV double circuit transmission line from Tarbela-5th…

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Operating on 24/7 Carbon-Free Energy by 2030.

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In 2007, we became carbon neutral and in 2017, we became the first company of our size to match 100% of our global, annual electricity consumption with renewable energy. Today, we are the largest annual corporate purchaser of renewable energy in the world. Now, we’re carving a path forward to decarbonize our electricity supply completely and operate on 24/7 carbon-free…

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Chinese turbine maker Mingyang in UK floating wind breakthrough deal with Hexicon

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Chinese OEM Mingyang Smart Energy has been tapped by floating wind developer Hexicon to supply turbines for its flagship project off the UK. As part of the deal, Mingyang will supply 8MW units for the TwinHub array, being built in the Celtic Sea at the site of a former wave-power test facility, as well handling engineering and design for the…

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Floating Contra-Rotating Wind Turbines That Can Produce Double the Energy

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ind is an inexhaustible, clean resource. Capturing these powerful gusts is a critical component of many plans to replace fossil fuels with renewable, eco-friendly energy. Norwegian company World Wide Wind has designed an innovative floating, vertical-axis wind turbine (VAWT). With two sets of “contra” blades, these turbines known as contra-rotating vertical turbines (CRVT) have the potential to double the output…

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Siemens Gamesa launches recyclable onshore wind turbine blades

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After getting the world’s first offshore wind turbine with recyclable blades up and spinning in August, Siemens Gamesa has just launched its RecyclableBlade for onshore wind power projects. The Siemens Gamesa RecyclableBlade for offshore was launched in September 2021 and installed at the 342 megawatt Kaskasi offshore wind farm in Germany in July 2022. Siemens Gamesa has not yet said…

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OGDCL ANNOUNCED FINANCIAL RESULTS FOR
THE YEAR ENDED JUNE 30, 2022.

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Islamabad: The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on 22nd September, 2022 at Islamabad announced the financial results for the year ended June, 30, 2022 of fiscal year 2021-22. Net sales revenue clocked at Rs.335.463 billion translating to profit after tax of Rs. 133.783 billion, showing an increase of 56 percent…

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