Category: Shortcode

deugro Wins Prestigious Project Forwarding Award at BIFA 2024

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New-Project21

London: At the British International Freight Association (BIFA) Freight Service Awards 2024, deugro was honored with the Project Forwarding Award, recognizing its exceptional logistics solution for a complex project in northern Papua New Guinea. The BIFA Freight Service Awards celebrate excellence and professionalism across nine industry categories. At the ceremony held on January 16, 2025, deugro impressed judges with its innovative approach to delivering 106,680 FRT of cargo to a remote island construction site. The project’s challenges included limited infrastructure, diverse cargo, strict health and safety requirements, and even encounters…

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Chinese Solar Panel Makers Cut Operations in Malaysia Amid US Tariffs

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Solar-Panel

KUALA LUMPUR – Chinese solar panel manufacturers in Malaysia, including industry giants Jinko Solar, Risen Energy, and JA Solar, have scaled back or ceased operations in response to escalating US tariffs, according to industry sources. These firms, which collectively represent nearly 40% of Malaysia’s solar production capacity, have faced shrinking profit margins due to heightened US scrutiny and tariffs. Risen Energy, which entered Malaysia in 2021 with plans to invest RM42 billion in Kedah, has significantly reduced production. Meanwhile, Longi Green Energy, accounting for 37% of Malaysia’s solar capacity, halted…

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China Sets New Records in Solar and Wind Power Installations in 2024

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soalr energy

HONG KONG, (Reuters) – China achieved unprecedented growth in renewable energy installations in 2024, breaking previous records in its rapid pursuit of clean energy dominance, according to official data released on Tuesday. The National Energy Administration (NEA) reported a staggering 45.2% increase in solar power capacity and an 18% rise in wind power installations compared to 2023. Solar capacity now stands at an impressive 886.67 GW, up from 609.49 GW the previous year, far outpacing the United States, which had 139 GW in 2023, per the International Renewable Energy Agency.…

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Gas Shortage Sparks Debate in Senate; Government Outlines New Exploration Plans

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Gas

ISLAMABAD: Amid ongoing natural gas shortages, the federal government informed the Senate of plans to open bidding on 30 newly identified offshore assets within six months. These measures aim to address the worsening gas crisis. Speaking at the session on Monday, Petroleum Minister Musadik Malik revealed findings from recent research indicating significant potential gas resources within Pakistan’s maritime boundaries. “In just two months, 25 to 30 offshore assets have been identified, with bidding scheduled in six months. Additionally, new onshore assets will be opened for bidding within three to four…

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NEPRA Directs Transmission Companies to Implement Performance Recommendations

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New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has instructed public-sector transmission companies at the provincial level, along with one private-sector entity, to implement its recommendations outlined in the Performance Evaluation Report (PER) 2023-24. Letters were issued to the CEOs of Punjab Grid Company Limited (PGCL), Sindh Transmission and Despatch Company (STDC), Khyber Pakhtunkhwa Transmission and Grid System Company (Private Limited), and Fatima Energy Limited (FEL), Lahore. NEPRA emphasized the importance of adhering to the recommendations, which were published on its website on December 10, 2024. Key recommendations for transmission…

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