Category: Shortcode

BYD Surpasses Tesla, Reports Record $100 Billion Revenue in 2024

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Chinese-EV

BEIJING: Chinese electric vehicle (EV) giant BYD has overtaken *Tesla, posting a record *$107.2 billion in revenue** for 2024, as it accelerates its global expansion. The *Shenzhen-based automaker, a dominant force in **China’s EV market, is aggressively **expanding into Europe, unveiling a *new compact EV with super-fast charging to challenge established brands. This expansion comes as *Tesla faces headwinds in Europe, with declining sales amid *CEO Elon Musk’s political controversies. BYD’s 2024 revenue surged 29% year-on-year, exceeding *Bloomberg’s 766 billion yuan forecast, while **net profit hit a record 40.3 billion…

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Turkiye, Denmark Pledge Support for Pakistan’s Climate Fight

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Climate-Change

ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination, *Musadik Malik, held discussions with envoys from *Turkiye and Denmark on Monday to strengthen cooperation in climate resilience and carbon credit projects. Turkiye-Pakistan Climate Collaboration Ambassador of *Turkiye, Irfan Neziroglu, reaffirmed his country’s commitment to assisting **Pakistan in combating climate change, particularly through *carbon credit initiatives and *forestry management. Both sides agreed to explore *global and regional climate finance opportunities to attract sustainability investments. Minister Malik welcomed the initiative, emphasizing Pakistan’s urgent environmental challenges, including *deforestation, desertification, and water scarcity. The…

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Govt’s Revised IPP Deals to Cut Power Tariff by Rs0.50 Per Unit

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Power-sector

ISLAMABAD: The government has projected a modest reduction of Rs0.50 per unit in electricity tariffs following revised agreements with seven *independent power producers (IPPs). Despite this, total savings over the lifespan of these power plants are estimated at **Rs920 billion, a fraction of the *Rs2.5-2.8 trillion in annual capacity charges paid to IPPs. During a National Electric Power Regulatory Authority (Nepra) hearing on Monday, officials confirmed that consumers would receive limited relief after agreements were revised with *Nishat Power, Nishat Chunian Power, Saif Power, Sapphire Electric, Engro Power, Narowal Energy,…

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Trinasolar Expands Presence in Pakistan with New Distributor Partnerships Amid Rising Solar Demand

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Trina-Solar1

Trinasolar, a global leader in smart PV and energy storage solutions, has strengthened its footprint in Pakistan’s renewable energy sector by forging strategic partnerships with key distributors—Mesol, Diwan, NMC Group, and Premier Energy. The Memorandums of Understanding (MOUs) were signed at the Solar Pakistan 2025 exhibition in Lahore, aiming to accelerate the adoption of Trinasolar’s cutting-edge *210mm n-type i-TOPCon Vertex N modules, including the *725W (NEG21C.20), 645W (NEG19RC.20), and DUOMAX N 600W (NEG18C.20). Designed to maximize energy output while lowering the Levelized Cost of Energy (LCOE), these high-performance modules offer…

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PPIB Seeks Sindh Govt’s Intervention in UEPL Lease Payment DelayPending Bank Challans Hindering Second-Term Land Lease Rental Payment

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Power genration

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has urged Chief Secretary Sindh to intervene in the delayed issuance of bank challans required for the second-term land lease rental payment of UEP Wind Power Private Limited (UEPL). In a letter to the Chief Secretary, PPIB Managing Director Shah Jahan Mirza referenced UEPL’s February 27, 2025, request, highlighting prolonged delays despite multiple follow-ups with relevant authorities. UEPL, a *99MW wind power project under the China-Pakistan Economic Corridor (CPEC) framework, signed an *Energy Purchase Agreement (EPA) with the Central Power Purchasing Agency…

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