Month: March 2024

The Government of the Islamic Republic of Pakistan Welcomes the Resumption of CASA-1000 Activities in Afghanistan by the World Bank

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world-bank

The Government of the Islamic Republic of Pakistan welcomes the recent announcement by the World Bank that, amongst other initiatives in support of the people of Afghanistan related to its “Approach 3.0”, the Central Asia-South Asia Electricity Transmission and Trade Project (“CASA-1000”) in Afghanistan will be resumed as had been requested in December by all three neighbouring countries participating in the project. This announcement marks a significant step forward in the region’s commitment to energy collaboration. As a result, the Government of Pakistan is pleased to announced it has joined the…

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Mercedes has realized the fraud of EVs. That is why they are once again betting on combustion cars

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New-Project

Mercedes-Benz delayed its electrification goal by five years last week, assuring investors that it would continue to work on combustion cars. Mercedes, among other well-known automakers, has raised concerns about the lower-than-expected demand for battery-powered cars. Five years after releasing a prediction in 2021 that stated it would reach the 50% milestone by 2025 with predominantly all-electric cars, the company now projects that sales of electric vehicles (EVs), including hybrids, will make up as much as 50% of the total by 2030. Although suppliers and automakers are placing a lot of money…

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Progress on Land Acquisition for Dams Reviewed by Implementation Committee

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Bhasha-Dam

An implementation committee overseeing the Diamer Bhasha and Mohmand Dams, as directed by the Supreme Court of Pakistan, convened to assess advancements in land acquisition and resettlement efforts for locals residing in project areas. Chaired by Water and Power Development Authority (WAPDA) Chairman Lt Gen (Retd) Sajjad Ghani, the meeting focused on the sub-committee’s progress regarding land acquisition and resettlement for the Diamer Bhasha Dam. Ghani acknowledged the strides made by the sub-committee and expressed optimism regarding the resolution of remaining household cases in Gilgit-Baltistan. The WAPDA chief reaffirmed the…

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Sindh Government and World Bank to Invest $100m in Renewable Energy Projects

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Renewable-energy

The Sindh government has partnered with the World Bank to initiate renewable energy ventures, aiming to generate approximately 300MW of electricity through solar and wind projects. Mehfooz Qazi, Director of Alternative Energy for the Sindh Government, announced the $100 million investment during a seminar titled ‘Significance of Renewable Energy for Karachi & Export Industry: Cost of Inaction.’ These projects, including solar, wind, and waste-to-energy initiatives, are geared towards environmental preservation and combating natural disasters. Qazi highlighted the importance of such ventures in providing low-cost energy and addressing Pakistan’s inflationary challenges.…

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