Category: Highlights

Growatt Earns Top Brand PV Awards Across 15 Global Markets in 2024

Admin
growatt-news

Growatt, a global leader in solar energy solutions, has once again solidified its position as a reliable and reputable brand in the renewable energy sector by winning the prestigious Top Brand PV Awards 2024 from EUPD Research. The company received this esteemed recognition in 15 markets, including South Africa, Africa, Nigeria, Mexico, Colombia, Brazil, Italy, UK, India, Pakistan, Poland, Netherlands, Australia, USA, and Southeast Asia. This achievement highlights the company’s dedication to delivering reliable and innovative energy solutions worldwide. EUPD Research, a renowned market research and consultancy organization specializing in…

Read More

Gold prices see major decline in Pakistan

Admin
gold price

The price of 24-karat per tola gold decreased by Rs800 and was sold at Rs272,600 on Tuesday against its sale at Rs273,400 the previous day. The price of 10-gram 24-karat gold also decreased by Rs685 to Rs233,711 from Rs234,396 whereas that of 10-gram 22-karat gold declined to Rs214,235 from Rs214,863, the All Sindh Sarafa Jewellers Association reported. The prices of per tola and 10-gram silver remained constant at Rs3,350 and Rs 2,872.08 respectively. The gold price in the international market decreased by $8 to $2,614 from $2,622, the association added.

Read More

China Breaks Ground on World’s Largest Compressed Air Energy Storage Project

Admin
Energy-Storage

China’s Huaneng Group has commenced construction on the second phase of the Jintan Salt Cavern Compressed Air Energy Storage (CAES) project in Changzhou, Jiangsu province, setting a new benchmark in the global energy storage industry. Once completed, it will become the world’s largest CAES facility, boasting record-breaking advancements in power output and efficiency. The second phase will include two 350 MW non-fuel supplementary CAES units with a combined storage volume of 1.2 million cubic meters. This design achieves the largest single-unit power generation capacity and total storage capacity globally, with…

Read More

KUFPEC Sells $60M Assets to PEL, Exits Pakistan’s Energy Sector

Admin
Gas-Sale

ISLAMABAD: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has officially exited Pakistan’s oil and gas sector by selling its key assets, valued at approximately $60 million, to Pakistan Exploration (Private) Limited (PEL). This marks the conclusion of KUFPEC’s operations in the country amidst growing challenges in the energy sector. A senior official from the Ministry of Energy revealed that mounting circular debt, now at Rs2,700 billion, has significantly deterred foreign Exploration and Production (E&P) companies. Of this amount, Rs1,500 billion, including $600 million owed to local and foreign E&P firms, remains…

Read More

Power Division Launches Inquiry into NTDC Over PSDP Scheme Deletion

Admin
Power-Division

ISLAMABAD: The Power Division has initiated a fact-finding inquiry against the National Transmission and Despatch Company (NTDC) for the removal of development schemes, including the Electricity Distribution Efficiency Improvement Project (EDEIP), from the Public Sector Development Program (PSDP). This deletion has stalled consultant salaries and delayed new consultancy contracts since the start of the financial year, sources revealed. Special Secretary Power Division, Arshad Majeed Mohmand, has been appointed as the inquiry officer under a directive issued on November 13, 2024. He issued multiple warnings to NTDC Managing Director Waseem Younas…

Read More