Category: News & Announcement

LAHORE: National Transmission and Despatch Company (NTDC), a company falling under the Ministry of Energy (Power Division), has prevailed in an international commercial arbitration initiated by an Iranian company (GAM ARAK Ind. Co.) in 2017 before an arbitral tribunal constituted under the rules of the International Chamber of Commerce (ICC), Paris. According to the NTDC spokesman, “In its detailed award released on 24 April 2020, the arbitral tribunal has dismissed all claims brought by the Iranian company and accepted and granted several counterclaims of NTDC amounting to approximately Rs714 million ($4.5…

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But battery and storage technologies have had a hard time keeping up. And they are critical for any success in a carbon-constrained world that uses intermittent sources like solar and wind, or that worries about resilience in the face of natural disasters and malicious attempts at sabotage. This was pressed home this week by the Department of Energy’s decision to build a multimillion dollar electric grid research complex at the Pacific Northwest National Laboratory. And better, larger batteries are a main component of this research. Jud Virden, PNNL Associate Lab…

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Thermal power has had its day in India, the head of a national PV trade body has claimed after the Solar Energy Corporation of India (SECI) concluded what it called the world’s largest renewables-plus-energy-storage capacity tender. The procurement exercise was held to contract 1.2 GW of capacity in the form of assured supply of 600 MW of clean power for six hours daily during peak demand hours – 5.30-9.30am and 5.30pm-12.30am – on a day-ahead, on-demand basis. The successful bids comprised at least 3 GWh of energy storage capacity –…

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The National Transmission and Dispatch Company Limited (NTDC) have won a major victory against an Iranian company in the international arbitration tribunal. The international arbitration court has ordered the Iranian company to pay Rs720 million in interest as compensation for leaving a project unfinished in Pakistan. The case between NTDC and the Iranian company was pending in the ICC International Arbitration Court in Paris. The Iranian company had abandoned the construction of the 500 KV Guddu Multan transmission line. Following the termination of the contract by NTDC, a case was…

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RAWALPINDI: Pakistan’s military leadership has taken serious note of Indian aggression on the Line of Control (LoC) and irresponsible statements of their Indian counterparts.Director General Inter-Services Public Relations (ISPR) Major General Babar Iftikhar said this while speaking at a news briefing after a special conference of Principal Staff Officers chaired by Chief of Army Staff General Qamar Javed Bajwa here on Friday.Sharing details of the meeting, DG ISPR Major General Babar Iftikhar said the Indian side has recently intensified ceasefire violations. He said at a time when world is uniting…

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