Category: Shortcode

Engro’s Global Expansion Plans: Diversifying Across Energy and Telecom

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engro

Engro Corp, Pakistan’s largest conglomerate, is eyeing international markets for expansion, with a focus on the Middle East, Central Asia, and Africa, according to Samad Dawood, Vice Chairman of Dawood Hercules Corp, Engro’s major investor. In a recent interview with Reuters, Dawood highlighted Engro’s interest in global LNG ventures and hydrogen energy, alongside plans to enter telecom infrastructure markets in the Middle East, North Africa, and Central Asia. Africa is also on Engro’s radar for expanding its fertilizer business. With a market capitalization of Rs193 billion ($694 million) and assets…

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The use of drones offers Red Solar a better PV solution at Mountain

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red-solar

Drones are helping Red Solar achieve better PV solutions in the mountains,Chongqing,China. The project team has completed the PV installations at the construction site. With altitudes ranging from 1200 to 1700 meters, the steep slopes present significant challenges. Constructing a solar power station in this rugged terrain requires unconventional approaches and innovative PV solutions, calling for courage and ingenuity from Red Solar’s team members. By employing drones, they can overcome various difficulties in mountain transportation and safely and efficiently deliver materials to the destination. Red Solar engineers carefully plan flight…

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Understanding electricity demand

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*There is a need to attract more investments into transmission system, especially under CPEC The aphorism ‘supply creates its own demand’, often attributed to economist Jean-Baptiste Say, encapsulates a fundamental principle of classical economics. This notion, known as Say’s Law, faced criticism during the Great Depression of the 1930s, when supply exceeded demand, leading to economic downturns. Similarly, Pakistan’s electri­city sector is experiencing a power sector depress­ion due to overexpansion and underutilisation of ca­p­acity, primarily fuelled by imported fossil fuels, thanks to poor planning and demand estimation. The demand for…

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Solar Price: Lows, Bottoms and Rock Bottom!

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SOLAR-POWER

Solar Price: Lows, Bottoms and Rock Bottom! May 8, 2024 Closing 2023 with a bang and opening 2024 at a higher node of PKR 120-130 per watt making the most out of the LC restrictions and PKR uncertainty, solar panels became hot investment item for investors of all races – from Jodia Bazar of Karachi to big boys sitting in E-7, Islamabad. The declining global prices which started in the start of 2023 never really recovered. From a $0.30 per watt to now currently being trade at $0.10-$0.11 with the…

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PPIB ROLE IN RENEWABLE ENERGY GENERATION

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Wind-Solar

PPIB ROLE IN RENEWABLE ENERGY GENERATION May 8, 2024 The Private Power & Infrastructure Board (PPIB) was established in 1994 as a one-window facilitator on behalf of the Government of Pakistan (GoP) to promote private investment in the power sector of Pakistan. Since its inception, PPIB has consistently remained a frontrunner institution in Pakistan’s power sector. Recognizing the performance and success of PPIB, the government, on the advice of multilateral organizations, merged the Alternate Energy Development Board (AEDB) into PPIB last year in order to transform it into a true…

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