DOE launches $500m effort to turn mines into clean energy hubs

A $500 million program funded by the bipartisan infrastructure package aims to transform current and form mines into clean energy hubs.
The Dept. of Energy (DOE) issued a Request For Information (RFI) to inform how the program will support clean energy project development.

The clean energy hubs could feature solar photovoltaic systems, microgrids, geothermal energy, direct air capture, fossil-fueled power generation with carbon capture, utilization, and sequestration, energy storage, including pumped storage and compressed air, and advanced nuclear, DOE said.

Two of the clean energy demonstration projects funded under this program must include solar energy and DOE is seeking information from respondents about opportunities to use domestically-manufactured solar for these projects.

DOE is seeking feedback from a wide rang

e of stakeholders, including industry, community organizations, environmental justice organizations labor unions, and state and local governments.
Public input is sought on how to design the program such that it will best encourage private-sector investment in similar projects leading to economic development for underserved communities located near current and former mine land while advancing environmental justice.

Additional bandwidth is being added to resolve internet issues says PTA

The Pakistan Telecommunication Authority (PTA) announced that internet service providers are adding additional bandwidth as an alternative arrangement for internet issues being faced by users across the country.
Internet connectivity was disrupted due to a fault in an international submarine cable.
The telecom authority said Trans World Associates (TWA) had communicated to them that there was a service degradation in the international connectivity towards Europe on the SMW5 cable system due to a subsea fault near Abu Talat, Egypt.
“Work is underway to rectify the fault however it may take some time until the fault is removed completely,” said the PTA in a tweet. It assured internet users that it was monitoring the situation and will continue to update internet users in Pakistan.

A day earlier, PTA had informed users about problems that Pakistanis may face in internet connectivity due to the fault.
The telecom regulator did not mention a timeline regarding the restoration of services.

Moin Malik took the charge of TCS logistics as its CEO

TCS has announced the appointment of Moin A Malik as CEO of TCS Logistics Private Limited. Malik has an illustrious career in the logistics industry with which he has been associated for over three decades. Before joining TCS Logistics he was the CEO of Agility Pakistan, a company he led for over 20 years.

Malik’s first tenure at TCS started in 1984 and by the time he left in 1997 he had held many senior management positions. Malik is an active member of ACAAP, PIFFA, and Founder Chairman of FOAP (Fleet Operators Association of Pakistan) and is an expert in modern logistics and transportation networks. With experience in express courier, freight forwarding, 3PL Logistics, and Distribution Services, Malik, has frequently liaised with international bodies and the Government to resolve issues related to the logistics industry.

“As we expand and grow, we are reorganizing our logistics business to continue to provide the best services to our customers. As part of this process, I am pleased to welcome Moin A. Malik as the CEO of TCS Logistics Private Limited. I am confident that his extensive experience in the industry, complemented by his knowledge of TCS will help us move expediently towards achieving our objectives”, said Saira Awan, President of TCS (Pvt.) Ltd.

As the CEO of TCS Logistics Private Limited, he will be leading and transforming warehousing and distribution, fleet, overland, and d and involved in further development of new business opportunities.

Pak Suzuki halts new bookings of its bikes and also raised the prices

Pak Suzuki has directed its dealers to stop taking new orders of motorcycles from July 1, according to a notification issued by the company, as supply-chain issues hinder production.
Industry officials say the company has been unable to import completely knocked down units (CKDs) due to restrictions on the issuance of Letters of Credit (LC) by the central bank.
The issue has impacted the wider auto industry which has been unable to continue the production process.

“We don’t know when the company would be starting taking orders again,” said a Pak Suzuki motorcycle dealer. “It can be a week, two weeks, or a month.”

On the other hand, Suzuki has also released a new motorcycle rate list to its dealers – raised prices by up to Rs10,000.

The company raised the prices of GD110S, GS150, and GS150SE by Rs7,000. The new prices are Rs219,000, Rs239,000 and Rs256,000, respectively. The price of GR150 has been increased by Rs10,000. The new price is Rs349,000.
The new rates are effective from July 2. Suzuki also jacked up prices of its motorcycles in June 2022.
The increase comes after Atlas Honda and Yamaha, the other Japanese bike-makers in the country, also jacked up prices of their motorcycles with effect from this month.

Tesla’s deliveries fall due to China’s COVID shutdown 

Tesla Inc (TSLA.O) delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China’s COVID 19-related shutdown disrupted its production and supply chain.
The world’s biggest electric car maker said that it delivered 254,695 vehicles in the April to June period, compared with 310,048 vehicles in the preceding quarter, ending a nearly two-year-long run of record quarterly deliveries.
A resurgence in COVID-19 cases in China had forced Tesla to temporarily suspend production at its Shanghai factory and also affected suppliers’ facilities in the country.
Tesla is ramping up production at the Shanghai factory with the easing of the COVID-19 lockdown, which will help boost deliveries in the second half.
Early in June, Ch

ief Executive Officer Elon Musk told executives that he had a “super bad feeling” about the economy and needed to cut about 10% of staff at the electric car maker.
Musk has said demand for Tesla vehicles remains strong, but supply-chain challenges remain.
In June, Tesla again hiked prices for some of its models in the United States and China after Musk had warned of significant inflationary pressure on raw materials and logistics.June 2022 was the highest vehicle production month in the company’s history, Tesla said in a news release.
Analysts had expected Tesla to report deliveries of 295,078 vehicles for the April to June period, according to Refinitiv data. Several analysts had slashed their estimates further to about 250,000 due to China’s prolonged lockdown.
The world’s most valuable automaker has posted record deliveries every quarter since the third quarter of 2020, weathering pandemic and supply-chain disruptions better than most automakers.
China has been instrumental in Tesla’s rapid increase in vehicle production, with the low-cost, lucrative Shanghai factory producing roughly half of the company’s total cars delivered last year.
Musk said in April that Tesla’s overall vehicle production in the second quarter would be “roughly on par” with the first quarter, driven by a China rebound.
But he recently said Tesla had a “very tough quarter,” citing production and supply-chain challenges in China. Musk also said Tesla’s new factories in Texas and Berlin are “gigantic money furnaces” losing billions of dollars as they struggle to increase production quickly.
Tesla shares have fallen 35% so far this year, hit by Musk’s $44 billion proposed acquisition of Twitter Inc (TWTR.N), the China lockdown, and macroeconomic uncertainties.

Source: Reuters