Category: Highlights

IRENA and Azerbaijan COP29 Presidency to Hold Energy Transition Investment Forum in Baku

Admin
New-IRENA

Abu Dhabi, United Arab Emirates, 19 September 2024 – The International Renewable Energy Agency (IRENA), COP29 Presidency and Ministry of Energy of Azerbaijan announced today that the first Energy Transition Investment Forum for Central Asia will be hosted in Baku, Azerbaijan, on 15-16 November 2024. The event is strategically aligned with the COP29 priorities and action agenda outlined by President Designate H.E. Mukhtar Babayev in a recent letter to parties and constituents, focusing on enhancing ambition and enabling action, with climate finance underscored as a top priority. IRENA Director-General Francesco La…

Read More

Solis Celebrates 100GW Cumulative Shipments with Record 13.3GW in First Half of 2024

Admin
New-Solis

Ningbo, China – September 6, 2024 – Solis, a global leader in solar inverter technology, proudly announces that it has surpassed the 100GW mark in cumulative shipments. This significant milestone underscores Solis’ commitment to driving innovation and excellence in the renewable energy sector. Established in 2005, Solis has rapidly ascended to become one of the world’s foremost manufacturers of solar inverters. As the third-largest PV inverter manufacturer globally, Solis has maintained a strong presence in the industry through its dedication to quality and customer satisfaction. The company, a subsidiary of…

Read More

New Petrol, Diesel Prices in Pakistan from September 16

Admin
petrol-price

Petrol and Diesel rates have been slashed as the federal government passed on relief of global oil prices to people for second half of September 2024. Oil & Gas Regulatory Authority (OGRA) has adjusted the consumer prices of petroleum products based on recent international market price fluctuations. The revised prices, effective from 16th September 2024. Petrol Price in Pakistan Products Old Price New Price  Difference MS (Petrol) Rs. 259.10 Rs. 249.10 – Rs. 10.00 High Speed Diesel  Rs. 262.75 Rs. 249.69 – Rs. 13.06 Kerosene (SKO) Rs. 169.62 Rs. 158.47 – Rs. 11.15…

Read More

Inauguration Ceremony of IEEEP Fair 2024

Admin
IEEEP-2024

The Inauguration Ceremony of IEEEP Fair 2024, organized by Badr Expo, was held on September 10, with great fanfare. Minister Energy, Planning, and Development, Syed Nasir Hussain Shah graced the occasion with his presence.The event witnessed excellent participation from both local and foreign entities, fostering great collaborations. The insightful conference and enlightening exhibition aimed to promote Pakistan’s growth in the electrical and electronics engineering sector. . Kudos to the organizers and participants for making IEEEP Fair 2024 a memorable and impactful event!Energy Update Magazine was the media partner of this…

Read More

FPCCI highly disappointed on monetary policy and cut in cut in interest rate only 2 percent

Admin
state-bank

Karachi: Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry and trade community of Pakistan is disappointed with the monetary policy as it continues to be based on a heavy premium vis-à-vis core inflation. While we appreciate the rate cut by 200 bps or 2 percent, this is too little, too late in the context of price data – domestically & internationally, he added. Mr. Atif Ikram Sheikh pointed out that core inflation clocked at 9.6 percent in Pakistan during August 2024 as per government’s own available data…

Read More