ISLAMABAD: The World Bank’s Board of Executive Directors approved on Monday $1 billion in a second round of additional financing for the DASU Hydropower Project (DHP).
The financing will support the expansion of hydropower electricity supply, improve access to socio-economic services for local communities, and build the Water and Power Development Authority’s (WAPDA) capacity to prepare future hydropower projects.
“Pakistan’s energy sector suffers from multiple challenges to achieving affordable, reliable, and sustainable energy,” said Najy Benhassine, World Bank Country Director for Pakistan.
“The DASU Hydropower Project site is one of the best hydropower sites in the world and is a game changer for the Pakistan energy sector. With a very small footprint, the DHP will contribute to ‘greening’ the energy sector and lowering the cost of electricity.”
DHP is a run-of-river project on the Indus River about 8 km from Dasu Town, the capital of the Upper Kohistan District of Pakistan’s northwestern Khyber Pakhtunkhwa Province. Upon completion, it will have an installed capacity of 4,320–5,400 MW. The project is being built in stages.
DHP-I has a capacity of 2,160 MW and will generate 12,225 gigawatt hours (GWh)/year of low-cost renewable energy. The DHP-II will add 9,260–11,400 GWh per year from the same dam.
Main civil contract works are being performed by the China Gezhouba Group, a construction and engineering company that will construct the dam and related hydraulic structures, an underground powerhouse and a right bank access road from the Dam site to Uttergah.
“DHP-I is an essential project in Pakistan’s efforts to reverse its dependence on fossil fuels and reach 60 percent renewable energy by 2031.” said Rikard Liden, Task Team Leader for the Project.
“The second additional financing will facilitate the expansion of electricity supply and potentially save Pakistan an estimated $1.8 billion annually by replacing imported fuels, and offset around 5 million tons of carbon dioxide. The annual economic return of DHP-I is estimated to be around 28 percent.”
The additional financing will further support ongoing socio-economic initiatives in Upper Kohistan, particularly in the areas of education, health, employment, and transport. Through this project adult literacy has increased by an estimated 30 percent since 2012, boys’ schooling increased by 16 percent while girls’ schooling has increased by 70 percent during this period.
The project will also continue ongoing community development activities on roads, irrigation schemes, schools, medical facilities, mosques, bridges, solar energy systems, and science laboratories and libraries, all with a particular focus on women beneficiaries, including the establishment of free health care clinics/camps with women doctors/nurses, trainings for female health workers, trainings on livelihoods and literacy for women, and awareness-raising programs on health and hygiene.
Pakistan has been a member of the World Bank since 1950. Since then, the World Bank has provided over $46 billion in assistance. The current portfolio has 55 projects and a total commitment of $14.7 billion.
World Bank approves $1 billion for Pakistan’s ‘game changer’ Dasu Hydropower project
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World Bank approves $1 billion for Pakistan’s ‘game changer’ Dasu Hydropower project
- DHP is run-of-river project on Indus River that will have an installed capacity of 4,320–5,400 MW
- DHP-I has capacity of 2,160 MW, will generate 12,225 gigawatt hours a year of low-cost renewable energy
Pakistan to witness more rains next week as Cyclone ASNA moves away from coastal regions
- The monsoon rains have so far claimed 285 lives across the country since July 1, according to the NDMA
- The meteorological department warns fishermen in Balochistan to stay away from the sea until tonight
ISLAMABAD: The National Disaster Management Authority (NDMA) has warned of more rain in different parts of the country from September 2 to 5, as the Pakistan Meteorological Department (PMD) announced Sunday the cyclonic storm ASNA had moved further away from the coastal regions and was expected to weaken gradually.
Pakistan has witnessed massive monsoon rains since the beginning of July, during which, according to the country’s disaster management body, 285 people were reported to have lost their lives by the end of this week.
The PMD also warned residents of Pakistan’s southern coastal areas of a possible cyclonic storm after the weather system developed over India’s Rann of Kutch before gaining intensity.
However, Chief Meteorologist Dr. Sardar Sarfaraz informed on Saturday the cyclone was moving toward Oman, though he noted it could still cause heavy rains and thunderstorms in Sindh and Balochistan provinces.
“National Emergencies Operation Center has anticipated that several regions in Pakistan are expected to experience moderate monsoon rains from 2nd to 5th September 2024,” the NDMA said in a statement.
It said that northeastern Punjab was likely to expect rainfall under the system along with the Potohar region, Khyber Pakhtunkhwa and Balochistan.
“General public is advised to avoid visiting the seaside and beach areas and remain cautious of loose structures like billboards, electrical poles, solar panels and hoardings,” it added.
The PMD also said in its weather alert that sea conditions were likely to remain rough with gusting wind going up to 80 kilometers per hours until Sunday night.
“Fishermen of Balochistan are advised not to venture in open sea till tonight while those of Sindh can resume their activities from today,” it said.
The PMD also said its cyclone monitoring center in Karachi was closely observing the weather system and would issue further updates about it.
Pakistan cuts petrol price by a meagre Rs1.8 per liter
- The South Asian country revises petroleum prices every fortnight
- Latest decrease unlikely to offer any relief to inflation-hit Pakistanis
ISLAMABAD: The Pakistani government has cut the price of petrol by Rs1.8 per liter, the information ministry announced late Saturday.
Pakistan revises petroleum prices every fortnight. After the latest revision, petrol will now cost Rs259.10 per liter.
The price of high-speed diesel went down by Rs3.32 to Rs262.75 per liter.
“The new prices will take effect from September 1, 2024,” the information ministry said in a statement.
The government also reduced the price of kerosene oil by Rs2.15 to Rs169.62 per liter, while light diesel oil went down by Rs2.97 to Rs154.05 per liter.
In Pakistan, petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers while any increase in the price of diesel is considered highly inflationary as it is mostly used to power heavy transport vehicles and particularly adds to the prices of vegetables and other eatables.
However, the negligible decrease in petrol and diesel prices is unlikely to provide much relief to the inflation-stricken Pakistanis.
Pakistan expects more jobs, higher exports as Chinese company plans renewable energy investment
- China’s Hexing Electrical is known for its presence in the global smart metering and energy management industry
- Its management plans to set up the first manufacturing unit of its kind in Pakistan to produce inverters, batteries
ISLAMABAD: A leading Chinese company has expressed interest in investing in Pakistan’s renewable energy sector by setting up an industry, said an official statement on Saturday, prompting a senior minister to observe the step will lead to greater employment opportunities and increase the country’s exports.
China’s Hexing Electrical is a reputable mid-sized company that was founded in 1992 and is primarily known for its presence in the global smart metering and energy management industry. The Chinese company has also expanded its business into the renewable energy sector and is involved in the manufacturing of technical equipment.
Its chairman, Liangzhang Zhou, met Pakistan’s minister for investment and privatization, Abdul Aleem Khan, along with his company delegation in the federal capital, Islamabad, to discuss the possibility of setting up the first manufacturing unit of its kind in the country to produce inverters and batteries.
The development comes nearly two months after Prime Minister Shehbaz Sharif went to China on a five-day visit where, apart from the political leadership, he met with representatives of Chinese companies operating in various economic sectors and encouraged them to invest in his country.
“The establishment of new factories will increase the rate of employment and export in the country and once again boost the national economy as well,” he was quoted as saying in a statement circulated by the ministry after the meeting.
Khan highlighted the investment potential in Pakistan, assuring the Chinese business delegation of full cooperation.
He also maintained that the establishment of factories in the electrical sector with foreign investment would serve as a precursor to the country’s economic development.
The chairman of the Chinese company said his organization was serving 90 countries with a workforce of 7,000, though it had only established such factories in 20 states around the world.
The governments in Islamabad and Beijing have already been working on infrastructure development and regional connectivity projects under the multibillion-dollar China-Pakistan Economic Corridor (CPEC).
The two countries hope the private sector will take the lead in the next CPEC phase and benefit from the planned industrial zones in Pakistan through business-to-business collaboration and investments.
Senior army officer, relatives released days after kidnapping in northwest Pakistan — military
- Lt Col Khalid Ameer was visiting ancestral village in Dera Ismail Khan for his father’s funeral when he was abducted
- Military says tribal elders played role in ‘safe and unconditional’ release of the officer and three of his relatives
KARACHI: A senior army officer and three of his relatives, who were kidnapped by unidentified gunmen in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province, safely returned to their home on Saturday, the Pakistani military said.
The army officer, Lt. Col. Khalid Ameer, was on a visit to his ancestral village in Kulachi area of the Dera Ismail Khan district for the funeral of his father, when he was abducted along with three other relatives on Wednesday, according to police.
In a statement issued late Saturday, the Inter-Services Public Relations (ISPR), the Pakistani military’s media wing, confirmed securing their “safe and unconditional” release.
“Safe and unconditional release of Lt Col Khalid Ameer and three of his other relatives has been secured due to role played by tribal elders and local notables,” the ISPR said. “All the abductees have safely returned home.”
The military statement had no mention of the kidnappers, but the northwestern Pakistani region has witnessed a surge in militant activities by the Tehreek-e-Taliban Pakistan (TTP) and other groups in recent months.
This month, two policemen were killed when a convoy of judges came under attack in the region, according to police. In February, 10 policemen were killed and six others injured in an attack on a police station in Dera Ismail Khan.
In April last year, Judge Shakirullah Marwat was abducted by unidentified kidnappers near a village at the junction of Tank and Dera Ismail Khan districts, but was recovered after a few days.
Pakistan has faced deadly attacks by the TTP since an uneasy, months-long truce with the group collapsed in November 2022.
Islamabad blames the latest surge in violence on neighboring Afghanistan, saying Pakistani Taliban militants have taken refuge there and run camps to train insurgents to launch attacks inside Pakistan.
Kabul says rising violence in Pakistan is a domestic issue of Islamabad and it does not allow militants to operate on its territory.
Islamabad police ban public gatherings in view of ‘elevated security concerns’
- The development comes a week before a rally by jailed former prime minister Imran Khan’s party in Islamabad
- Islamabad police say the restriction has been imposed to maintain public order and ensure safety of all citizens
ISLAMABAD: The Islamabad police have imposed a ban on public gatherings in the federal capital in view of “elevated security concerns,” Pakistani state media reported on Saturday.
The South Asian country has been witnessing a surge in militant attacks, including a string of coordinated assaults launched last Sunday that killed more than 50 people in the southwestern Balochistan province.
To prohibit any public gathering, the Islamabad police said they had imposed Section 144 of the Code of Criminal Procedure, a provision that allows authorities to prohibit assembly of four or more people.
“These restrictions are designed to maintain public order and ensure the safety of all citizens,” an Islamabad police spokesperson was quoted as saying by the state-run APP news agency.
The report did not specify how long the restriction would be in place.
The development also comes a week before a rally by jailed former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) opposition party in Islamabad on September 8. The rally was initially planned for July to build pressure for Khan’s release from prison following his arrest over a year ago, but the party had rescheduled it for August 22.
The PTI once again postponed the gathering this month after the Islamabad administration denied permission for the event, citing security threats and a lack of resources with security agencies.
The capital police urged the public to avoid participating in any “unauthorized” political activities that could disrupt the law-and-order environment, according to the APP report.
“We ask everyone to cooperate with these measures to help us maintain peace and security,” the police spokesperson said.
