Category: Uncategorized

LONGi Solar Europe Powers LATAM Energy Shift with Key Utility-Scale Alliance

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European Expertise Powers Multi-Continental Solar Deployment, Reinforcing BC Technology Leadership Madrid, April 23rd, 2025 – LONGi Solar, the global leader in solar innovation, has finalized a transformative agreement to supply over 100MW of Hi-MO 9 modules for a utility-scale solar initiative spanning LATAM continent. Spearheaded by LONGi’s European team, this collaboration underscores the company’s capacity to deliver cutting-edge back contact (BC) solutions for high-impact projects in diverse geographies, further cementing Europe’s role as a hub for global renewable energy leadership. Project Overview: Bridging Continents with BC InnovationThe initiative, developed in…

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“NEPRA to Hear KAPCO’s Tariff Revision Plea Next Month”

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NEPRA-Office

The National Electric Power Regulatory Authority (NEPRA) is set to hear the tariff revision plea of Kot Addu Power Company (KAPCO) next month. This development is significant, as it may impact the power tariff for consumers. KAPCO’s plea for tariff revision is likely to be scrutinized by NEPRA, which will consider various factors, including the company’s operational costs, efficiency, and investment plans. The regulatory authority may also take into account the impact of the tariff revision on consumers and the overall power sector ¹. NEPRA’s decision on KAPCO’s tariff revision…

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OGDCL Announces Completion of Feasibility Study for Reko Diq Project

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Reko_Diq

ISLAMABAD, March 25, 2025: Oil and Gas Development Company Limited (OGDCL) has announced the completion of the updated feasibility study for the Reko Diq Project, marking a significant milestone in Pakistan’s journey toward unlocking one of the world’s largest undeveloped copper-gold resources.OGDCL holds an 8.33% share in the project as part of a collective 25% stake held by three Pakistani State-Owned Enterprises (SOEs), including Pakistan Petroleum Limited (PPL) and Government Holdings (Private) Limited (GHPL). The SOEs’ interest is managed through Pakistan Minerals (Private) Limited. Of the remaining share, 25% is…

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OGDCL Commences Oil & Gas Production from Bettani-2 Appraisal Well in Lakki Marwat, KP

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ISLAMABAD, January 31, 2025: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully commenced oil and gas production from the Bettani-2 appraisal well in the Lakki Marwat district of Khyber Pakhtunkhwa. OGDCL, as the operator of the Wali Exploration License with a 100% working interest, has completed and stimulated the Kawagarh formation. The well is currently producing 8.5 million standard cubic feet per day (MMSCFD) of gas and 610 barrels per day (BPD) of oil. The produced gas is being processed at OGDCL’s Bettani…

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US natural gas prices drop

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natural gas prices

NEW YORK: US natural gas futures fell about 7% on Monday on forecasts for much warmer-than-normal weather over the next two weeks than previously expected that should keep heating demand low. Front-month gas futures for February delivery on the New York Mercantile Exchange fell 26 cents, or 6.5%, to $3.767 per million British thermal units (mmBtu) at 8:45 a.m EST (1345 GMT). On Friday, the contract closed at its highest since Jan. 16. Extreme cold and record gas demand last week, however, prompted speculators to boost their net long futures…

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