Author: Admin

2024: Mixed Solar Energy Trends Amid Record Heat

Admin
solar-powe

While 2023 was the sunniest year of the century, 2024 presented a more complex solar energy picture despite being the second-hottest year on record. Analysis by Solcast API reveals varied irradiance trends shaped by weather patterns such as El Niño and regional droughts, decoupling global heat records from consistent solar potential. Regional Insights: Americas: Canada and Alaska faced below-average solar irradiance due to persistent cloud cover, while the U.S. Midwest saw improved solar conditions. Mexico and South America benefited from exceptional sunshine, driven by Amazon droughts reducing cloud formation.Europe &…

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Koto Hydropower Project Set to Begin Operations This Year

Admin
Koto-Hydropower

The Koto Hydropower Project in Lower Dir, Khyber Pakhtunkhwa, is nearing completion and is expected to commence power generation later this year. The project will produce 40.8 megawatts of affordable electricity, contributing significantly to the province’s energy needs. Key Benefits: Economic Impact: The project is projected to generate an annual income exceeding Rs. 1.7 billion.Employment Creation: New job opportunities will be created, fostering economic stability in the region.Special Assistant to the KP Chief Minister on Energy, Tariq Mehmood Sadozai, highlighted the project’s importance during an emergency visit to the site.…

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PPL Commences Gas Production from Takri-1 Well in Jamshoro

Admin
New-PPL

Pakistan Petroleum Limited (PPL) has announced the start of gas production from the Takri-1 exploratory well in Jamshoro, Sindh. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX). The Kotri North Joint Venture, consisting of United Energy Pakistan Limited (UEPL) as the operator with a 50% working interest, along with PPL (40%) and Asia Resources Oil Limited (10%), achieved this milestone by tapping into the hydrocarbon potential of Takri-1. Key Highlights: Exploration Details: Takri-1 was spudded on November 11, 2024, and drilled to a depth of…

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China Rises to Second-Largest Global Lithium Reserves, Boosting EV Battery Dominance

Admin
EV-Battery

China has emerged as the world’s second-largest holder of lithium reserves, solidifying its leadership in electric vehicle (EV) batteries and renewable energy technologies. According to Xinhua, China’s share of global lithium reserves has surged from 6% to 16.5%, surpassing Australia, Argentina, and Bolivia, with only Chile ahead. This milestone is attributed to significant discoveries and breakthroughs in extraction technologies. Key Developments: Tibet Discovery: A 1,740-mile spodumene belt in Tibet is estimated to contain 6.5 million tons of lithium, with potential reserves of up to 30 million tons. Tibetan salt lakes…

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FBR Exposes Rs106 Billion Solar Panel Import Scam Involving Fake Companies

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FBR-Tex

The Federal Board of Revenue’s (FBR) Directorate of Customs Post Clearance Audit South has uncovered a staggering Rs106 billion money laundering scheme disguised as solar panel imports, Express News reported. The investigation revealed the involvement of seven fake companies: Messrs Sky Linkers Trading Company, PeshawarMessrs Sky Linkers Business Chain Private Limited, PeshawarMessrs Bright Star Business Solution Private Limited, PeshawarMessrs Moonlight SMC Private Limited, PeshawarMessrs Pak Electronics, LahoreMessrs Solar Site (Private) Limited, LahoreMessrs Royal Zone (Private) LimitedLed by Rab Nawaz and Ahmed Nawaz, the network used these companies to conduct large-scale…

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