Category: Highlights

Pakistan mining summit: govt says interests of investors to be protected

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Musadik-Malik

State Minister for Petroleum Dr Musadik Malik said the government would protect international investors that are interested in the country’s mining sector. Addressing a press conference on Monday, the state minister said the government has established a one-window operation to facilitate foreign investment. “In the shape of SIFC (Special Investment Facilitation Council), we have established a one-window operation, which would be presided by the Prime Minister and the Chief of the Army Staff (COAS),” he said while addressing media persons. The remarks come a day before Pakistan holds a mineral…

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300MW coal-based Gwadar power plant: Nepra extends levelised tariff of 7.78 cents for 30 years

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Gwadar-power

ISLAMABAD: Nepra has accorded approval to the levelised tariff at 7.78 cents (Rs22.34) per unit for 30 years of 300MW Gwadar coal-based power plant to be constructed under the CPEC umbrella. The project will be commercially operational in three years’ time and the plant availability will be 85 percent. The regulator has determined the tariff on the basis of debt-equity ratio of 80:20 by ensuring the XIRR (extended internal rate of return) of 14 percent at an EPC cost of $321.41 million. Nepra came up with the decision on July…

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140 Years of Wind Power: As the World Reaches 1 Mio MW, New Discovery Shows that the World’s First Wind Generator Was Installed in 1883

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wind-power

140 Years of Wind Power: The World Reaches 1 Million Megawatt New Discovery: Austrian Engineer Josef Friedländer installed the first wind generator in Vienna already in 1883 Bonn, 31 July 2023 (WWEA) – Mankind has been making use of the power of the wind for thousands of years. The first machines driven by wind in forms of wind mills were invented more than 1000 years ago, potentially even much earlier. When human beings started to use electricity, several engineers in various countries began soon experiments how wind energy could be…

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Wind and solar are propping up the Texas power grid amid a brutally long heat wave

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solar-panel

As Texas bakes under a sweltering heat dome this summer and people crank their air conditioners, the state’s energy demand has smashed records. But the power has stayed on and prices haven’t spiked tremendously. Thank wind and solar, energy experts say. “Renewables have been performing very well this summer, which is great,” Michael Webber, an energy expert and professor at the University of Texas at Austin, told CNN. “It’s operating so well at peak times.” As temperatures soared into the triple-digits on Wednesday, renewable energy was providing 30 to 40% of the…

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