Category: Highlights

PM Shehbaz Facilitates Historic Energy Agreement in AJK

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Shahbaz-Sharif

In a significant stride towards bolstering Pakistan’s energy infrastructure, Prime Minister Muhammad Shehbaz Sharif presided over the signing of a momentous Memorandum of Understanding (MoU) between the Governments of Pakistan and Azad Jammu and Kashmir. The agreement, inked on 16 May 2024, paves the way for the ambitious 960 MW Dudhnial Hydropower Project. The ceremony, graced by dignitaries and officials from both regions, marks a collaborative effort to harness renewable energy resources and enhance power generation capabilities. Prime Minister Shehbaz Sharif emphasized the strategic importance of such initiatives in meeting…

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Chinese Technology JI Acquires Licenses for LONGi Solar Panels and Huawei Inverters in Pakistan

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solar-panel

LAHORE – Chinese Technology JI has obtained licenses to distribute LONGi solar panels and Huawei inverters in Pakistan and Afghanistan. Operations commenced following an inauguration ceremony led by CEO Mr. JI from China. During the opening ceremony, Mr. JI highlighted the rising demand for solar panels in Pakistan. “We will provide comprehensive solar panel solutions with substantial financial backing, utilizing internationally renowned companies LONGi and Huawei,” he stated. Mr. JI emphasized that the Pakistani industry and general populace would benefit from cheaper electricity, fostering economic growth and development. General Manager…

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Solis Seminar Episode 61 : Understanding the Battery Reserve Function and its Importance

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Solis-header

Background Power storage solutions have become essential for households worldwide, ensuring uninterrupted electricity during power failures and network disruptions. For instance, in natural disasters, home energy storage systems can provide continuous power – critical in such conditions. By storing renewable energy like solar power, these systems reduce grid dependency and overall energy consumption, optimizing electricity usage patterns and minimizing wastage through intelligent control. However, many energy storage setups fail to ensure sufficient backup capacity during emergencies, leading to inconvenient and potentially critical situations. What is the “Battery Reserve Function”? To…

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Petrol price in Pakistan reduced by Rs15.39 per litre: Check May 2024 New Rates

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petrol-price

ISLAMABAD – The federal government government on Wednesday lowered price of petrol by Rs15.39 for May 2024, and the new rate stands at Rs273.1. The price of petrol, and diesel were lowered on the recommendation of Oil and Gas Regulatory Authority (OGRA). In a notification, the Finance Ministry said price of petrol move down up by Rs15.39 to Rs273.10 a liter, while that of diesel dropped by Rs7.88 to Rs.274.08 per litre. The drop in fuel prices comes in the backdrop of changes in international market rates. Petrol Price in Pakistan May 2024 Fuel Types Price Petrol Rs273.10…

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IRENA to Monitor UAE Consensus Renewable Energy and Efficiency Goals, Announce Annual Report Series

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Renewable-Energy

Abu Dhabi – COP28 President Dr. Sultan Al Jaber has officially tasked the International Renewable Energy Agency (IRENA) with creating an annual report series to monitor and recommend actions on the UAE Consensus renewable energy and energy efficiency goals set at COP28. The UAE Consensus aims to triple renewable power capacity and double energy efficiency by 2030, key measures in the global effort to address climate change and maintain the 1.5°C target. This initiative focuses on transitioning away from fossil fuels in an equitable manner, with a net-zero target by…

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