Category: Highlights

Chinese power giant shows renewed interest in KE

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Power-voices

KARACHI: China’s Shanghai Electric Power Company (SEP) has expressed renewed interest in acquiring K-Electric (KE), the integrated power firm based in Karachi, Pakistan. This latest submission comes after the previous intention to buy the company lapsed in June, due to unresolved issues that have persisted for eight years. SEP had first expressed its intention to buy KE in 2016 and has since submitted fresh intentions multiple times every nine months. However, several challenges have prevented the deal from progressing. One major hurdle is the heavily debt-ridden balance sheet of KE,…

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India, Sri Lanka explore building oil pipeline

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oil-pipeline

NEW DELHI: India and Sri Lanka said on Friday that they had agreed to improve economic ties by increasing cooperation in renewable energy and studying the feasibility of building an oil pipeline and a land bridge between the two countries. New Delhi will also help develop a port and an economic hub at Trincomalee, a city on Sri Lanka’s northeastern coast. The announcements were made by the leaders of the two countries as Sri Lankan President Ranil Wickremesinghe held talks with Indian Prime Minister Narendra Modi in New Delhi on…

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LONGi maintains AAA status for 14th consecutive quarter in PV ModuleTech bankability rankings

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LONGi-maintains

Xi’an, China, July 21, 2023 – LONGi, the world’s leading solar technology company, is delighted to announce that it has once again been ranked in the highest AAA category in PV-Tech’s PV ModuleTech bankability report for Q2 2023. This is the 14th consecutive quarter for the company to achieve this ranking, underlining its outstanding performance in terms of high-quality products and services, combined with financial strength and stability. The AAA rating serves as recognition and affirmation of the overall strength of the company within the industry. Manufacturers are fully analysed and…

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GoodWe Launches 100kW Hybrid and Retrofit Battery Inverters for C&I Energy Storage Applications

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GoodWe-Launches

GoodWe, a world-leading inverter manufacturer and energy storage solutions provider, has expanded its C&I energy storage solutions portfolio with two new additions: the ETC 100kW hybrid inverter and the BTC 100kW retrofit battery inverter, both of which can be coupled with GoodWe high-voltage battery system Lynx C (101kWh – 156kWh). With a proven track record and extensive experience in the solar industry, GoodWe has been deepening its expertise in the C&I energy storage sector to meet growing demand. Building on the success of the ETC/BTC50kW series, the new ETC/BTC 100kW…

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Discos allowed to charge Rs25bn more for May

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power-tariff

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday notified about Rs1.90 per unit additional fuel cost adjustment (FCA) in power tariff for ex-Wapda distribution companies (Discos) for May to mop up about Rs25 billion in additional funds in the current billing month. The “increase of Rs1.9039/kWh shall apply to all the consumer categories except electric vehicle charging stations (EVCS) and lifeline consumers,” Nepra said in a notification. The ex-Wapda Discos had proposed an additional FCA of Rs2.05 per unit to generate about Rs27bn in July’s bills. The regulator,…

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