Rising rooftop solar output pushes demand on Western Australia’s grid to all-time low

first_imgRising rooftop solar output pushes demand on Western Australia’s grid to all-time low FacebookTwitterLinkedInEmailPrint分享Renew Economy:The West Australia grid has set a new record low for minimum demand as rooftop solar continues to increase its share of generation, and the government announces it is reshaping solar export tariffs to encourage storage, electric vehicles and west facing solar panels.The new low was set on Sunday, just after noon local time, when grid demand fell to 1059MW as rooftop solar provided 40 per cent of total generation. That’s below the previous record of 1135MW set in January this year, but the Australian Energy Market Operator expects that further lows will be set this spring and in following years.The record fell on the same weekend that new winter lows for minimum demand were set in Victoria and South Australia, according to AEMO, both also the result of increased generation from rooftop solar, and low overall demand.The lows for minimum demand levels are falling rapidly. “This was the fourth consecutive quarter in which a minimum quarterly demand record was set, of which two were all-time minimum demand records, highlighting the continuing impact of distributed PV on demand patterns and quantities in the WEM,” AEMO said in its latest Quarterly Energy Dynamics statement.This new record takes the number of consecutive quarters with a new minimum demand record to five, including three which are all time records.[Giles Parkinson]More: Rooftop solar: W.A. sets new record low for grid demand, two other states set winter lowslast_img read more

Kimia Farma upbeat about booking profit despite pandemic

first_imgPardiman, however, did not elaborate on the company’s profit projection for this year.The company recorded Rp 12.72 billion in losses in 2019, compared to Rp 491.5 billion in profit a year earlier, due a 119.16 percent increase in finance costs.It booked Rp 48.57 billion in profit in the first half of this year, a 1.7 percent increase from Rp 47.7 billion last year, its financial report shows.Its net sales also increased slightly by 3.5 percent year-on-year (yoy) in the year’s first half to Rp 4.68 trillion, from the January to June period of 2019, despite the blow dealt to the economy by the pandemic. Publicly listed pharmaceutical firm PT Kimia Farma is aiming to make up for last year’s losses despite the COVID-19 pandemic, after recording a promising financial performance in this year’s first half.The company’s finance director Pardiman said on Wednesday that the company had prepared several strategies to book a profit this year, including conducting retail transformation, optimizing its supply chain and diversifying its products and portfolios, among other measures.“The strategy was proven in the first quarter of this year when we managed to book Rp 160 billion [US$10.8 million] and we believe this will continue through to the end of the year,” he said during an online public expose, referring to the company’s operating income in the year’s first quarter. The company’s optimism also seems to be supported by the fact it has seen an increase in sales of COVID-19 related products, like medicines and health supplements, during the pandemic.“However, [sales of] products not related to the coronavirus, such as cosmetics, declined by around 30 percent compared to a year prior and that will continue to pose a challenge for us,” president director Verdi Budidarmo said.The company’s generic medicine sales saw the highest jump of 10 percent yoy to Rp 739 billion in the first half of the year, while over-the-counter medicine and cosmetics sales nosedived 17.8 percent yoy, its report shows.Given that the pandemic has yet to show signs of slowing down, business development director Imam Fathorrahman said the company would continue to develop products that could help prevent COVID-19. The company plans to distribute a vaccine candidate that is currently being developed by state pharmaceutical firm Bio Farma, in cooperation with Sinovac Biotech of China.Read also: Indonesia teams up with global manufacturers in vaccine huntAt the same time, Kimia Farma will also develop products for degenerative illnesses that have been included in the company’s product development roadmap this year, as ailments like cancer, diabetes and cardiovascular disease continue to increase both domestically and globally.It will also continue its organic expansion plans this year by allocating Rp 547 billion in capital expenditure (capex) sourced from its own internal funding, said Pardiman.“We have used about 54 percent of the capex to develop our pharmacy, clinic and laboratory chain, our medicine production and our raw material plant in Cikarang [in West Java],” he said.The raw material plant, which has been in operation since 2019, was established under a joint venture with South Korea’s Sungwun Pharmacopia Co Ltd in 2016, and is also aimed at reducing Kimia Farma’s dependency on imported raw materials.Verdi said the country’s pharmaceutical industry was still heavily dependent on imported raw materials from China, India and many other countries.He expects the plant to reduce the firm’s raw material imports by 2.72 percent this year.“We hope this will continue, as we aim to further reduce our raw material imports by 23.82 percent by 2024,” said Verdi.Kimia Farma also plans to diversify its products and portfolio this year through inorganic growth. Verdi said the diversification would be achieved through strategic partnerships with other companies rather than through acquisitions.“These partnerships include developing products that relate to our core pharmaceutical business, both for COVID-19 products and non-COVID-19 products,” he said.Meanwhile, Pardiman said the company was committed to reducing its accounts receivable, including Rp 1.13 trillion from the government, to help reduce its short-term loans.Kimia Farma’s shares, traded on the Indonesia Stock Exchange (IDX) under the code KAEF, were up by 7.21 percent to Rp 2,380 apiece as of 1:42 p.m. on Thursday.Topics :last_img read more

Millions back at school in Europe as cases pass four million

first_imgAn AFP tally of infections, using official data from across Europe, showed that more than four million people have contracted the illness, with Russia accounting for almost a quarter of infections. The virus emerged late last year in China and has now infected more than 25 million people globally and killed almost 850,000. The Chinese city at the center of the initial outbreak, Wuhan, took another leap back to normality on Tuesday when its almost 1.4 million youngsters also returned to schools and kindergartens. State media broadcast images of thousands of students hoisting the Chinese flag — a daily routine at all public schools — despite warnings to avoid mass gatherings. “I’ve been waiting for this moment for a long time!” 12-year-old Chahda told AFP excitedly as she arrived with her friend at school in the southern French city of Marseille. However, the largest school district in the United States — New York City — announced a delay to in-person classes at public institutions until September 21, after reaching a deal with a prominent teachers’ union that had threatened a strike over health concerns it felt had gone unaddressed.In Europe, the decision to forge ahead with school reopenings comes as the virus is spreading rapidly again in many countries, raising fears that more lockdowns and disruption are to come in autumn and winter.”I am convinced that we can and will prevent a second general shutdown,” Germany’s Economy Minister Peter Altmaier said, unveiling figures to suggest his country has passed the worst of its recession.  ‘Bubble within a bubble’Elsewhere, fresh economic data for the second quarter further revealed the extent of the economic devastation caused by the virus’s march around the globe.Brazil’s economy, the biggest in Latin America, contracted by a record 9.7 percent in the second quarter of 2020, the official statistics agency said Tuesday.There is uncertainty about whether the economy will recover strongly over the rest of the year because the virus is still wreaking havoc and room is running out to continue the huge government stimulus spending that has softened the blow so far.On Monday, India said its economy had collapsed by 23.9 percent. Only China, where the outbreak was first reported, has escaped a recession in the period, according to official data. ‘Weird’ tennis returns While schools attempt to get back to normal, the virus continues to play havoc with cultural and sporting events.The US is hosting the world’s first major tennis tournament since COVID-19 emerged, but it has not been plain sailing at the US Open, where one player was sent home after testing positive and other players are grappling with eerie empty arenas. “It’s a little bit weird to play without fans and without the support and the atmosphere on the center courts,” said former champion Angelique Kerber. The Italian city of Venice is also gearing up for the annual film festival, with about half the usual number of visitors expected and no Hollywood A-listers prepared to accept invitations from the organizers. “It’s a festival without stars because Hollywood is still in lockdown,” Festival Director Alberto Barbera told AFP. “Will there be less glamour? Yes. Will there be fewer stars on the red carpet? Certainly.”  Topics : Millions of mask-wearing European children returned to school on Tuesday with governments determined to get pupils back in class despite still-rising coronavirus infections which surged over four million across the continent for the first time.Schools reopened in Russia, Ukraine, Belgium and France, where teachers and children aged 11 and older were obliged to wear face coverings, echoing regulations in place across the continent.Lockdowns imposed from March meant many children have missed months of education, as well as time with their friends. Blow for Sanofi Tuesday also brought bad news for everyone hoping for a swift medical breakthrough that could bring an end to the pandemic.French pharma giant Sanofi announced that a drug in testing as a treatment for serious COVID-19 cases had proved disappointing and trials will be halted.The drug “did not give us the results we were hoping for”, said the firm’s research chief John Reed.Sanofi is also part of the global race to develop a vaccine against coronavirus, with more than two dozen different products being trialed around the world according to the World Health Organization. In Hong Kong, health authorities are focusing on rolling out a mass testing scheme but have seen their efforts hampered by distrust of officials following China’s crushing of the city’s democracy movement. Doctors and testing firms from mainland China are involved in the program, fuelling public fears that their DNA and data will be harvested to create a system of control underpinned by biometrics. “I think it’s a waste of time,” local resident Emily Li told AFP. “The government can’t convince me in terms of the effectiveness of the testing program.” last_img read more

Gold Coast mega mansion record price revealed

first_imgTOP GOLD COAST SALES 2020$6.75 million- 18a Ephraim Island Access, Paradise Point $5.5 million- 6/3531-3533 Main Beach Pde, Main Beach$5.2 million- 59 Hedges Ave, Mermaid Beach$4.75 million- 46-48 Peak Ave, Main Beach$4.5 million- 3/3565 Main Beach Parade, Main Beach Entertain in style.More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago MORE GOLD COAST REAL ESTATE NEWS Middle of the market set to lead post COVID-19 sales 1-3 La Scala Court, Isle of Capri., fetched the highest sale price in two years on the Gold Coast Pictures: Amir Mian.THE sale price of a jaw-dropping Gold Coast mega mansion has been revealed.Amir Mian of Amir Prestige confirmed the sprawling mansion on the Isle of Capri sold for $11.75 million, which is the highest price paid on the Gold Coast in the last two years.Riverpoint, a six-bedroom residence with a raft of luxury features, went under contract yesterday, as reported by the Gold Coast Bulletin . The jaw-dropping mansion is on a point position. There is no shortage of luxury features here. Relax and unwind here.Previously, the highest price paid this year was $6.75 million for a residence on Ephraim Island Access, Paradise Point.The sale also trumps the highest price paid on the Gold Coast in 2019, which was $11 million for a property on the Sovereign Islands.While Mr Mian confirmed the sale price, he declined to comment on the sellers or buyers.Built on a massive point position with 90m of main river frontage, the 1,651sq m residence at 1-3 La Scala Court is surrounded with lush tropical gardens and is reminiscent of a Thai resort. Builder secures beachside site for $10M townhouse project MORE: Hinterland house attracts visitors from all around the worldlast_img read more

RSG and USG host collaborative open forum

first_imgUndergraduate Student Government partnered with Residential Student Government on an open forum Wednesday night that allowed students to voice their concerns about student life. The event was meant to give USG and RSG a better understanding of what students want out of their daily lives on campus so they can then advocate for those changes to be made.Voicing concerns · Sera Choi, president of Residential Student Government, listens to students at Wednesday night’s open forum. – Joseph Chen | Daily TrojanThere were four panelists at the forum: RSG President Sera Choi, RSG Vice President of Advocacy David Branson, USG Director of University Affairs Jordan Fowler and USG Vice President Rini Sampath. Alana Victor, USG Co-Director of External Relations, planned the event.According to Sampath, this was the first direct partnership between USG and RSG, but both committees look forward to collaborating more in the future. Sampath reached out to Choi to set up the collaboration. Sampath said that she and Choi met last year when they were part of a task force to address alcohol and social policies at USC. When talking, they realized that it would be a good idea to pool their resources and create a bigger event that would allow for undergraduate students to voice their opinions about campus life.“We’re really excited to have this forum with you all because I think it’s a great way to see where students stand on what they’re passionate about and what students want to see on campus,”  Choi said. “Hopefully, we can come up with solutions together and find out and be inspired for future projects during the rest of the year.”The panelists talked about the current projects USG and RSG are working on. One of the first mentioned by USG was improving the printers in residence halls. Students have mentioned that they would prefer heavy-duty black and white printers as opposed to individual use color printers. USG is working on a proposal to get printers that are more reliable.Fowler talked about possibly extending dining hall hours so that they open earlier and close later. Students have also complained about the dining halls being closed during Spring Break. USG is trying to pass a proposal that would keep at least one dining hall open during breaks when some students remain on campus.Sampath addressed the complaints brought up by spring admits. Due to the lack of space in residence halls that are hubs of social activity, spring admits often have to live in off-campus housing and university-owned apartments, such as Cardinal Gardens. USG plans to start working on creating a stronger community in the fall between spring admits.“There is a housing freeze right now, so we can bring spring admits into certain areas. We’re keeping spaces open in first-year communities so they can be integrated into those communities. In the east area, they have isolated pockets so people can be together. That way they are not just randomly set aside with the senior that’s about to graduate,” said David Hong, advisor of RSG and an assistant director for Parkside Residential Colleges.USG panelists mentioned the possible implementation of a bike-sharing program on campus, but due to the small acreage of the University Park, Transportation is questioning whether it would be necessary or even in demand.Another topic of discussion was expanding the LAX shuttle schedule. Students are asking for more shuttles to run to and from the airport during breaks. One limitation to this potential project, however, is a lack of storage space for the shuttles.RSG talked about how they are working with Hospitality. There is a recipe committee that goes over the dishes that are served in all the dining halls. The committee attempts to figure out which dishes are working and which aren’t, but RSG is trying to figure out a way to extend that to the students and get more direct input.RSG and USG talked about improving sustainability. The panelists mentioned that the student government bodies are planning on working with the Environmental Student Assembly to spread awareness about the conservation of water, paper and electricity. Also, RSG has asked housing to add recycling bins to each residence hall.“I think both of our student governments do awesome things, but it’s frustrating to find out that nobody knows about it. We want the students to take advantage of these programs. We’re trying to figure out, how can we effectively communicate to the students of USC? I think that working on promoting these events and programs is a great way USG and RSG can collaborate,” said Michael Tong, national residence hall honorary president.last_img read more

Local Teen Who Shares Name with Parkland Shooter is Changing Identity

first_imgA South Florida teenager is about to change his name, which he shares with the defendant charged in last year’s Marjory Stoneman Douglas High School massacre.Ivonne Moran, the mother of Nikolas Marciel Cruz, says that her 18-year-old son is tired of being confused for Nikolas Jacob Cruz, the 20-year-old who is accused of killing 17 people and injuring an additional 17 at the school in Parkland. Moran adds that reporters called their house after the shooting thinking that her son was the killer.She explains that her son has high-functioning autism and wants to have a different name for his upcoming college career.He has applied to change his name to Nikolas Rene Moran.last_img read more

Amit Panghal promises at least 2 gold medals from Indian boxing at Tokyo 2020…

first_imgAdvertisement a6jpNBA Finals | Brooklyn VsfWingsuit rodeo📽Sindre E6bk7( IG: @_aubreyfisher @imraino ) 7plWould you ever consider trying this?😱xexCan your students do this? 🌚lymr9Roller skating! Powered by Firework Amit Panghal, the 24-year-old  boxing champ made India proud when he won the silver medal in the World Championships. In an interview the young boxer opened up about his preparation for the upcoming Asian Olympic quantifier that is to be held in Wuhan, China. The boxer seems confident that next year India can expect 2 gold medals from the Olympics 2020 in the boxing category. The Olympic games is to be held next year in Tokyo. After boxers like Vijender Singh and Mary Kom brought medals home, the nation’s hope increased.Advertisement “We will go into the Tokyo Olympics with an aim to win at least two gold medals. We can win more but at least two gold medals can be expected from Indian boxers at the Tokyo Oympics.”Advertisement India has focused more on the training of boxers after winning medals in the country. Amit believes, the boxers have worked hard on their strength and technique and will give tough competition to other boxers in the game.“Our performance in boxing in the recent times has improved by leaps and bounds. We have won many gold medals, whether it be at the Commonwealth Games or Asian Championships, or World Championships. ”Advertisement Indian boxers have not yet brought home a gold medal. Previously, Mary Kom and Vijender Singh both won bronze medals. The former won it at the London Games 2012 and the latter won it at the Beijing Games 2008. By next year, India may already have a gold medalist in boxing.Amit also shared his opinion on the clash between Mary Kom and Nikhat Zareen.“Mary Kom is a star in India boxing. According to me, it doesn’t matter for Mary Kom if there are trials or not because she doesn’t need to prove she is the best as she has already proved that. But, even if the trials do take place, I don’t think so that Mary Kom should be worried about anything as she can handle these things quite easily.”The boxing champ is currently a part of the Gujarat Giants and will be taking part in the Big Bout Indian Boxing League apart from the Olympics.Mary Kom will not compete against Nikhat Zareen in boxing league but Olympics trial bout still on for December 27 Predictions On How The Manchester United Will Finish The Season   Advertisementlast_img read more

Marko Arnautovic responds to Manchester United links

first_img Arnautovic scored eleven goals for West Ham in the 2017/18 season West Ham ace Marko Arnautovic has said it feels “nice” to be linked with a £50million move to Manchester United.Arnautovic, 29, kept his cards close to his chest when asked about his chances of moving to Old Trafford this summer but seemed happy to be talked of.The Austria international only joined the Hammers from Stoke on a five-year deal last summer but the east London club value him at £50million.Man United fans react to Arnautovic rumoursSpeaking about the rumours, Arnautovic said: “It’s nice to hear.“I’ve not heard anything from my brother, my agent.“You can keep asking this question, you’ll never hear the answer from me.”United boss Jose Mourinho also claimed the club has made no contact with West Ham.Mourinho said: “He was on holiday, he told you. I haven’t spoken to him, he was on holidays.” 1last_img read more