Hitachi Energy to support major renewable electricity transmission between Canada and New York City

HVDC Light® transmission system will transfer renewable energy for over 1 million New York homes and help achieve the state’s climate goals

Zurich, Switzerland, Sept. 20, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it was selected by Transmission Developers Inc., a Blackstone portfolio company specialized in renewable power development, to supply a high-voltage direct current (HVDC) converter station that is a key part of the transmission solution for the Champlain Hudson Power Express (CHPE) HVDC interconnection between Québec, Canada and the New York City metro area, the United States.

The link will enable the delivery of clean, renewable hydropower between Canada and New York, contributing to New York’s Climate Leadership and Community Protection Act (CLCPA), which aims for the state to be powered by 70 percent renewable energy by 2030.*1 CHPE is expected to decrease CO2 emissions by an average of 3.9 million metric tons per year, equivalent to removing 44 percent of passenger vehicles from New York City.*2

Using Hitachi Energy’s HVDC Light® technology, CHPE will transfer up to 1,250 megawatts of electricity, enough to power 1 million New York households. The link will efficiently transmit electricity for more than 600 kilometers (372 miles) underground from Hertel, Canada, through Lake Champlain and the Hudson River, to an HVDC converter station in Astoria, Queens.*1

HVDC systems have tremendous potential for bringing large amounts of electricity directly into cities, which is essential for securing sustainable and affordable power today and in the future,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “We are proud to play a crucial role in this very important investment in North America’s transition to renewable energy and carbon neutrality.”

“Hitachi Energy’s market leading HVDC technology will ensure efficient and reliable transmission of renewable energy for over 1 million New York homes and help achieve the state’s climate goals,” said Transmission Developers CEO Donald Jessome. “We look forward to beginning construction activity later this year and to delivering an abundance of clean, renewable energy to New Yorkers.”

Power requirements in cities are increasing, especially in densely populated areas where land is already scarce, and difficulties can arise when new right-of-ways must be secured for traditional transmission lines. HVDC technology enables large amounts of high-quality electricity to be delivered where it is most needed with complete control and with a very compact footprint using out-of-sight underground or underwater cables.

The complete CHPE system, of which the HVDC converter stations are the enabling technology, is expected to create more than 1,400 jobs during construction and, during the first 30 years of operation, deliver almost $50 billion in economic benefits to New York state.*1

For the New York site, Hitachi Energy will supply the HVDC Light converter station, that will  convert the DC power from Canada to AC power and make it available for the AC grid in New York.

Kiewit, one of North America’s largest and most respected engineering and construction companies, will be responsible for the civil works for the converter station in New York. The collaboration with Kiewit will combine the core competencies of the two companies to deliver a best-in-class solution.

Note to editors:

Hitachi Energy’s HVDC solution combines world-leading expertise in HVDC converter valves; the MACH™ digital control platform*3, converter power transformers and high-voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.

HVDC Light® is a voltage source converter technology developed by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and “power-from-shore” connections to offshore production facilities. HVDC Light’s defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world’s HVDC projects.

*1 Champlain Hudson Power Express

*2 May 2021 PA Analysis Report

*3 Modular Advanced Control for HVDC (MACH™)

HVDC website:

https://www.hitachienergy.com/offering/product-and-system/hvdc

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About Hitachi Energy

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachments

Jocelyn Chang
Hitachi Energy Ltd.
+41 79384 7775
jocelyn.chang@hitachienergy.com

وینٹیج کا بھارت میں تعلیمی اقدامات کی حمایت کے لئے یونیسکو کے ساتھ شراکت داری کا اعلان‫

سنگاپور، 20 ستمبر 2022ء/پی آرنیوزوائر/– بین الاقوامی کثیر اثاثہ تجارتی پلیٹ فارم وینٹیج نے آج یونیسکو (اقوام متحدہ کی تعلیمی، سائنسی اور ثقافتی تنظیم) کے ساتھ اپنی شراکت داری کا اعلان کیا ہے، جو بھارت جیسی ابھرتی ہوئی مارکیٹوں میں تعلیم کے مواقع کو مضبوط بنانے کے لیے سماجی ذمہ دارای(عزم) کا ایک حصہ ہے۔

اس شراکت داری کے تحت وینٹیج “بھارت کے لیے ریاستی تعلیمی رپورٹ، 2022 – تعلیم میں آرٹیفیشل انٹیلی جنس (اے آئی) ” کی حمایت کر رہا ہے، جسے آج نئی دہلی، بھارت میں لانچ کیا گیا ہے۔ اس رپورٹ میں مصنوعی ذہانت اور تعلیم کے درمیان متعدد متعلقہ امور کا احاطہ کیا گیا ہے ، جس میں اساتذہ کو بااختیار بنانے اور سیکھنے کے عمل کے بارے میں تفہیم کو بڑھانے کے لئے مصنوعی ذہانت کی صلاحیت بھی شامل ہے۔

اس شراکت داری پر تبصرہ کرتے ہوئے وینٹیج کے چیف اسٹریٹجی اینڈ ٹریڈنگ آفیسر مارک ڈیسپلیئرز نے کہا کہ “ابھرتی ہوئی مارکیٹوں میں ہمارے عالمی اثرات اور موجودگی نے ہمیں اپنی برادریوں کو درپیش مسائل کے بارے میں ایک منفرد نقطہ نظر فراہم کیا ہے۔ ہمارا مقصد یونیسکو کے ساتھ ایک طویل مدتی، اسٹریٹجک شراکت داری کو فروغ دینا ہے جو ہماری مشترکہ اقدار- شمولیت اور مساوات کی بنیاد پر قائم ہے۔ مالیاتی خدمات فراہم کرنے والے کے طور پر، تعلیم میں ابھرتی ہوئی تکنیکی ترقی، جیسے تعلیم میں مصنوعی ذہانت اور بھارت میں طالب علموں اور سیکھنے والوں کو ڈیجیٹل خواندگی کے اقدامات پر ہماری حمایت فراہم کرنا، اس تعلیمی سفر کو آگے بڑھانے کے لئے ایک فطری پہلا قدم تھا۔

مالی شمولیت میں مصنوعی ذہانت کے کردار کے بارے میں بات کرتے ہوئے بھوٹان، بھارت، مالدیپ اور سری لنکا میں یونیسکو کے نمائندے ایرک فالٹ نے کہا کہ “اگرچہ دنیا اے آئی کے بارے میں غیر یقینی ہو سکتی ہے، لیکن یہ بات یقینی ہے کہ اے آئی یہاں رہے گی۔ آئی سی ٹی اور ڈیجیٹل بینکنگ پلیٹ فارم کے عروج کے ساتھ ہی اے آئی نے بھارت میں مالی شمولیت کو حقیقت بنا دیا ہے۔ مالی تعلیم اور ہنرمندی لوگوں، خاص طور پر خواتین کی معاشی اور سماجی فلاح و بہبود کو بہتر بنانے کی کلید ہیں۔ اسی کی روشنی میں، ہم وینٹیج کے ساتھ شراکت داری کرتے ہوئے بہت خوش ہیں جو ہمارے عزم میں شریک ہیں۔ “

یونیسکو نئی دہلی کے ساتھ وینٹیج کی شراکت داری دو تنظیموں کو ایک مشترکہ خواہش کے ساتھ  یکجا کرتی ہے تاکہ اس بات کو یقینی بنایا جاسکے کہ کوئی بھی پیچھے نہ رہ جائے۔ آنے والے برسوں میں وینٹیج کا مقصد بھارت میں یونیسکو کے تعلیمی اقدامات کے لئے معاونت فراہم کرنے کے لئے اپنی مالی اور تکنیکی مہارت سے فائدہ اٹھانا ہے، تدریس تک رسائی میں اضافہ کرنا اور تعلیم کے فوائد ان لوگوں تک لانا ہے جنہیں اس کی سب سے زیادہ ضرورت ہے۔

یونیسکو کے ساتھ وینٹیج کی اسٹریٹجک شراکت داری اس کے کارپوریٹ ماحولیاتی، سماجی اور گورننس (ای ایس جی) کے سفر میں ایک اور سنگ میل کی علامت ہے، جسے جولائی 2022 میں باضابطہ طور پر شروع کیا گیا تھا۔ وینٹیج اٹلی کے شہر سارڈینیا میں ایکسٹریم ای ریس کے ہفتے کے دوران آب و ہوا کی تبدیلی اور خواتین کو بااختیار بنانے کے بارے میں شعور اجاگر کرنے کے لئے مقبول ڈیجیٹل میڈیا پروڈیوسر سپرکار بلونڈی کے ساتھ تعاون کر رہا ہے۔ اس کے علاوہ کمپنی نے رواں سال ای ایس جی کی کئی دیگر سرگرمیاں بھی شروع کی ہیں جن میں یو این ایچ سی آر (اقوام متحدہ کے ہائی کمشنر برائے مہاجرین) کے اشتراک سے ڈالر کے بدلے ڈالر کے عوض فنڈ ریزنگ مشق اور ان کے دفاتر میں خون کے عطیہ کی عالمی مہم شامل ہے۔

وینٹیج کے بارے میں

 وینٹیج ایک عالمی، کثیر اثاثہ بروکر ہے جو گاہکوں کو فاریکس، کموڈیٹیز، انڈیکس اور حصص پر سی ایف ڈیز کی ٹریڈنگ کے لئے ایک تیز رفتار اور طاقتور سروس تک رسائی فراہم کرتا ہے۔

مارکیٹ کے 10 سال سے زیادہ کے تجربے کے ساتھ، وینٹیج کے پاس اب 30 سے زیادہ عالمی دفاتر میں 1،000 سے زیادہ ملازمین موجود ہیں۔

وینٹیج ایک بروکر سے بڑھ کر ہے۔ یہ ایک قابل اعتماد تجارتی ماحولیاتی نظام، ایک ایوارڈ یافتہ موبائل ٹریڈنگ ایپ، اور ایک تیز رفتار اور آسان تجارتی پلیٹ فارم فراہم کرتا ہے جو گاہکوں کو تجارت کے مواقع سے فائدہ اٹھانے کے قابل بناتا ہے۔ ایپ اسٹور یا گوگل پلے پر وینٹیج ایپ ڈاؤن لوڈ کیجئے۔

 جب آپ  @vantage.com پر ہوشیاری سے تجارت کریں تو مارکیٹ کے مواقع جیتنے کا بہتر فائدہ اٹھانے کے لیے بااختیار بنیں۔

www.vantagemarkets.com 

یونیسکو کے بارے میں

اقوام متحدہ کی تعلیمی، سائنسی اور ثقافتی تنظیم (یونیسکو) 1945 میں تشکیل دی گئی تھی۔ اس میں تعلیم، سائنسز، ثقافت، مواصلات اور معلومات کے ذریعے امن اور بین الثقافتی مکالمہ قائم کرنے کی کوشش کی گئی ہے۔ یونیسکو کے پروگرام 2030 کے ایجنڈے میں بیان کردہ پائیدار ترقیاتی اہداف کے حصول میں اہم کردار ادا کرتے ہیں، جسے 2015 میں اقوام متحدہ کی جنرل اسمبلی نے منظور کیا تھا۔خیالات کی تجربہ گاہ کی حیثیت سے یونیسکو ممالک کو بین الاقوامی معیارات کو اپنانے میں مدد دیتا ہے اور ایسے پروگراموں کا انتظام کرتا ہے جو خیالات کے آزادانہ بہاؤ اور علم کے تبادلے کو فروغ دیتے ہیں۔

ویب  |فیسبک| انسٹا گرام | ٹیوٹر | یوٹوب 

IT Ministry to Re-Advertises NITB Executive Director Post

The appointment of Executive Director (ED) National Information Technology Board (NITB) has taken a new twist as the Ministry of Information Technology and Telecommunication (MoITT) has decided to re-advertise the post for the appointment under the NITB Act.

Sources told ProPakistani that after Dr. Sohail Munir’s refusal to assume the charge of ED NITB, the MoITT has decided to start the process of appointment of new ED afresh under the NITB Act. Earlier, it was looking to resend the summary to the federal cabinet for the approval of the second name finalized by the interview panel.

On 4th August 2022, the federal cabinet approved the appointment of Dr. Sohail Munir as ED, after which the ministry had issued an offer letter to him. However, Dr. Munir refused to join and has officially informed the ministry of his unavailability owing to a job in a foreign country.

The post of ED NITB (MP-1 Scale) is vacant for approximately 16 months. At present, Additional Secretary MoITT Ayesha Humira has the additional charge of the post of ED NITB. Similarly, the post of Director General (DG) Admin NITB, (MP-2 Scale) is also vacant for the last four months.

It is pertinent to mention here that the NITB bill was approved by President Dr. Arif Alvi on 14th August 2022.

 

Source: Pro Pakistan

Deeply touched by Palestinians’ gesture of sending Rapid Response & Rescue team: PM

Prime Minister Shehbaz Sharif has said that he is deeply touched by Palestinians’ gesture of sending their Rapid Response and Rescue team to help flood victims in Pakistan.

In a tweet today (Tuesday), he said it is a reflection of a strong bond of love and brotherhood between the peoples of Pakistan and Palestine.

Expressing his gratitude to Palestinian President Mahmoud Abbas, he said Pakistan will never forget this gesture.

 

Source: Radio Pakistan

Pakistan urges int’l community to help Palestinians establish independent State

Pakistan has reaffirmed its full support to the Palestinian people’s struggle for self-determination and against foreign occupation and urges the international community to help them establish an independent State with Al-Quds as its capital.

Addressing a meeting of OIC’s Committee of Six on Palestine on the margins of the 77th session of the UN General Assembly, Foreign Minister Bilawal Bhutto Zardari said the festering wound of Israeli occupation and atrocities in occupied Palestine is the principal source of instability, tensions and conflict in the entire Middle East.

Bilawal Bhutto Zardari strongly condemned Israel’s continued killing and wounding of Palestinian civilians, including children; violation of the sanctity of the holy places, the demolition of Palestinian homes and the forcible displacement of Palestinian families.

As the Chairman of the OIC Council of Foreign Ministers, he said Pakistan remains ready to join hands with other member states in any move to stop the ongoing bloodshed and restore the human dignity and human rights of the Palestinian people in the occupied territories.

 

Source: Radio Pakistan

Pakistan, China reaffirm their commitment to further deepen strategic cooperation

Foreign Minister Bilawal Bhutto Zardari met with his Chinese counterpart Wang Yi, on the sidelines of the 77th Session of the United Nations General Assembly in New York.

Both had a comprehensive exchange of views on the entire spectrum of bilateral partnership and multilateral cooperation, including at the United Nations.

The Foreign Minister conveyed profound gratitude to the Chinese leadership, government and people for China’s prompt support and robust assistance to Pakistan in the wake of catastrophic floods.

Recalling the summit meeting between Prime Minister Muhammad Shehbaz Sharif and President Xi Jinping in Samarkand on Thursday, the two Foreign Ministers reaffirmed full commitment to further deepening of strategic cooperation, extending strong support for each other’s core interests and major concerns. They also expressed resolve to enhance economic engagement, accelerate high-quality development of CPEC, and strengthen bilateral security cooperation.

Foreign Minister Bilawal Bhutto highlighted Pakistan’s close convergence with China on multilateral issues premised on the purposes and principles of the UN Charter, multilateralism, free trade, and development.

 

Source: Radio Pakistan

Distinguished Board Director and Former Fortune 100 CIO, Annabelle Bexiga Joins Quantexa Board of Directors

LONDON, Sept. 20, 2022 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that Annabelle Bexiga is joining their board of directors. Annabelle is currently serving as the non-executive director for DWS Group, Stonex Group (SNEX), and Triton International (TRTN). Prior to her current roles, she served as the CIO Advisor at Zoom with a focus on working with their product development and marketing teams. She also established and chaired Zoom’s Financial Services Industry council.

Annabelle has 30 years of experience in the financial services industry and 11 years in Fortune-100 CIO roles. As a Board Director, Annabelle brings to Quantexa her operational knowledge, as well as public, private, and non-profit board leadership, and advisement experience.

This incredible journey of continuous learning from brilliant technologists and courageous leaders continues through my board and advisory work,” said Annabelle. “I am especially excited to join the board of Quantexa because they truly understand that today in the face of rapidly changing conditions, enterprises need to drive greater accuracy in decisions and innovation with data and analytics technology at the core. The Quantexa team are working to help organizations solve today’s major challenges in utilizing data effectively to improve their operations and the services they provide to their customers.”

“Annabelle’s background includes a diverse set of businesses at firms such as JPMorgan Chase, Zoom, and AIG, as well as residential global experience in New York, Singapore, Tokyo, and Boston,” said Vishal Marria, CEO at Quantexa. “Annabelle has made a fantastic contribution to Quantexa over the last 2 years working as an advisor to our business, so we are thrilled that she will be joining our board of directors. Her experience aligns well with our goals, our culture, and we look forward to incorporating her expertise to help our customers use their data at scale to unify their data, manage risk, ensure compliance, and identify opportunities for efficiency.”

ABOUT QUANTEXA
Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Contextual Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne, and Sydney. For more information, contact Quantexa here or follow us on LinkedIn.


Media Inquiries:

C: Laurel Case, VP, Fight or Flight

T: +1 315 663 6780

E: Quantexa@fightflight.co.uk


C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

SBP Streamlines Cross-Border Payments Including Asian Clearing Unit

In order to bring cross-border payments in line with international best practices, the State Bank of Pakistan (SBP) has re-engineered its business process by centralizing all cross 0order payments, including Asian Clearing Union (ACU) at the Treasury Operations Department-SBP (TOD-SBP).

The banking regulator also introduced reforms in Cash Reserve Requirements (CRR) & Special Cash Reserve Requirements (SCRR) and Deposits/ Withdrawals from Local US Dollar Instrument Collection & Settlement; through the State Bank of Pakistan, Banking Services Corporation, Karachi Office (SBP BSC – KO).

 All ACU payment cases/letters addressed to Chief Manager “ACU Section” SBP BSC-KO, shall now be submitted to Director, Treasury Operations Department (Director-TOD), SBP, Karachi as per formats.

All banks’ CRR & SCRR deposits & withdrawal cases/letters (FE25) addressed to Chief Manager “DAD Section” SBP BSC-KO shall now be submitted to Director-TOD.

All local US Dollar deposits & withdrawals cases from Instrument Collection & Settlement (FE2) addressed to Chief Manager “DAD Section” SBP BSC-KO shall now be submitted to Director-TOD.

Any queries with regard to the above payment cases shall now be submitted to Director-TOD for clarification, guidance, and advice.

SBP advised all banks/Islamic banks to ensure compliance with effect from 1st October 2022.

Source: Pro Pakistan