Category: News & Announcement

The spot price of liquefied natural gas (LNG) in Asia has surged by more than 20 percent in one week after demand in key importers China and South Korea picked up, while buyers have also canceled U.S. LNG cargoes, traders told Reuters on Wednesday. The spot price at which several LNG cargoes have been traded have ranged between $2.40 per million British thermal units (MMBtu) and $2.65/MMBtu this week, up from just $2/MMBtu last week, according to several traders who spoke to Reuters. Demand started to snap back in Asia…

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May 13, 2020: In the wake of a meeting presided over by Prime Minister Mr. Imran Khan couple of days ago about water security and construction of mega dams including Diamer Basha Dam Project, all efforts are underway by the Pakistan Water and Power Development Authority (WAPDA) to ensure timely mobilization of the contractor and effective follow up on Diamer Basha Dam Project. For the purpose, an agreement worth Rs. 442 Billion with a Joint Venture namely Power China-FWO was signed today for construction of diversion system, main dam, access bridge…

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Vestas, Siemens Gamesa and General Electric were the largest suppliers last year in the consolidating global market for wind turbines, according to new figures from Wood Mackenzie. All three companies put up record installations in a global market expected to be worth $600 billion over the course of the 2019-2028 period. Denmark’s Vestas held onto its position as the world’s leading wind turbine supplier thanks to its enduring strength in the onshore arena, with an especially strong performance in the booming U.S. market. While its lead over No. 2 supplier…

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General Electric (GE) has announced the appointment of Masroor Mahmud as its CEO for Pakistan. He is mandated with driving the company’s growth in the country and aligning business strategy across all GE sectors with the government’s vision for development. In addition, Masroor will focus on enhancing talent development, ensuring risk management, and building a strong brand, through long-term, strategic partnerships. A GE veteran of 14 years, Masroor has held several leadership roles in finance, commercial, and operations, working across the Middle East, Africa, Europe, and the U.S. He began…

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The government is expected to unveil a £250m investment in UK cycle lanes to encourage commuters to ride to work instead of using public transport, as part of the effort to prevent a resurgence of coronavirus. Grant Shapps, the transport secretary, is expected to make the funding announcement during his appearance at the Downing Street coronavirus briefing on Saturday. There are also plans to fast-track trials of the use of e-scooters on British roads, according to the Press Association. Currently, electric scooters – which can travel at up to 15.5mph…

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