Category: News & Announcement

Adani Green Energy, part of India’s Adani Group conglomerate, will build 8 gigawatts of large-scale solar capacity worth $6 billion in India over the next five years, after winning the world’s largest solar energy tender award this week. The Solar Energy Corporation of India (SECI), a government body responsible for delivering India’s 100-gigawatt solar target for 2022, selected Adani Green in a tender designed to give a boost to India’s solar manufacturing sector. Adani Solar, the Adani Group’s separate PV manufacturing arm, will build an additional 2 gigawatts of domestic…

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Electric cars from renowned automakers cost a fortune and there are plenty of import-related hassles that you have to go through, however, there’s an electric car that costs under $1,000. It is China made and can be ordered through Alibaba. An American citizen, Jason Torchinsky, ordered the same from a Chinese manufacturer called Changli. He, however, was left a little awe-struck when the electric car came packed in a box. Not sure how it would perform, he unboxed the EV and was quite surprised to find out that it has…

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As consumers across the country face difficulties due to petrol shortage, the government is currently contemplating completely deregulating pricing and marketing of petrol. According to a report published in Dawn, the government is considering doing away with uniform pricing of petrol and deregulating it in line with other petroleum products like HOBC which are already deregulated. Recently OMC’s have come under severe criticism for their alleged collusive behavior that has seen the price of hi-octane blending component (HOBC), to increase to Rs148-160 per litre. While the government slashed petrol prices…

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Over the weekend, OPEC and its allying oil-producing countries agreed to extend oil production cuts for another month in an effort to boost the economy in the wake of the Covid-19 pandemic. Under the prior agreement set in April, the 23-member group began curbing production by 9.7 million barrels per day on May 1, which was slated to extend through the end of June. The cuts would then begin to taper off. From July through the end of 2020, 7.7 million barrels per day would be taken offline, followed by…

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ISLAMABAD: Germany will provide technical assistance, worth Rs700 million, to Pakistan in the field of renewable energy and energy efficiency. An agreement was signed between Secretary Economic Affairs Noor Ahmed and Ambassador of Germany to Pakistan Bernhard according to which Germany will provide technical assistance to Pakistan under the Pakistan-Germany Development Programme, worth 4 million euros or Rs700 million. The technical assistance will be provided under the project titled, “Promotion of Renewable Energy and Energy Efficiency Concepts in Cities and Industries,” which is one of the priority areas of the Government…

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