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CDWP Approves Major Energy Projects Worth Billions

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SOLAR-POWER

ISLAMABAD: The Central Development Working Party (CDWP) has approved 17 development projects worth Rs33 billion and recommended nine projects valued at Rs867 billion to the Executive Committee of the National Economic Council (ECNEC) for final approval. The meeting, chaired by Planning Commission Deputy Chairman Mohammad Jehanzeb Khan, saw the participation of key federal and provincial officials. Among the energy sector projects approved was the “Supply of Gas to Localities within 5km Radius of Villages/Localities of Gas Producing Fields-SSGCL” valued at Rs1,093.439 million. This project aims to extend gas supply to…

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Federal Minister for Finance and Revenue Muhammad Aurangzeb chaired the meeting of the Economic Coordination Committee (ECC)

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Islamabad: 27th June, 2024 PRESS RELEASE The Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet at Finance Division today. The meeting was attended by the Minister for Industries & Production Rana Tanveer Hussain, Minister for Petroleum Mr. Musadik Masood Malik, Minister for Power Sardar Awais Ahmad Khan Leghari, Minister for Planning Development & Special Initiatives Mr. Ahsan Iqbal, Minister of State for Finance & Revenue Mr. Ali Pervez Malik, Governor SBP, Dy Chairman Planning Commission, Federal Secretaries,…

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New light-harvesting system could revolutionize solar energy, researchers claim

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Panchromatic, ultra-thin solar cells could soon become reality WHAT JUST HAPPENED? The solar energy revolution might be about to shift into an even higher gear. Researchers in Germany have developed a groundbreaking new light-harvesting system that could drive a huge leap in solar cell efficiency by absorbing light across the entire visible range. For years, solar tech has been hamstrung by some fundamental limitations. Traditional silicon-based solar cells can absorb light across the entire visible spectrum, which is great, but they do so “weakly.” They also need to be thick – we’re…

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Saudi Arabia signs Agreements for 5,500 MW Solar PV Projects

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In the presence of His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al- Saud, Minister of Energy, the Saudi Power Procurement Company (SPPC) has signed Power Purchase Agreements (PPA) for three new solar photovoltaic projects. The agreements was signed with a consortium of ACWA Power Company, and the Water & Electricity Holding Company (Badeel), a wholly owned subsidiary of the Public Investment Fund (PIF), and Aramco Power, a fully-owned subsidiary of Saudi Aramco. These new projects with a capacity of 5,500 MW are part of the National Renewable Energy Program, which is…

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