Month: March 2024

Work on Suki Kinari power project to be completed in Nov

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Bhasha-Dam

MANSEHRA: Work on the Suki Kinari hydropower project is in full swing and will be completed in November this year, said an official on Thursday. “After Tuesday’s suicide attack on Chinese engineers in Shangla, our workers, including foreigners, continued to perform their duties,” assistant director of the project Syed Abdul Rehman told reporters. He said the 884-megawatt Suki Kinari project was being executed on the Kunhar River in Kaghan Valley under the multibillion-dollar China-Pakistan Economic Corridor initiative. Mr Rehman said it would be the first reservoir in the province to…

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Chinese companies suspend work on Dasu, Diamer-Bhasha dams

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Dasu-Dam

Five Chinese engineers working on the Dasu Dam perished when an explosive-laden vehicle hit their bus PESHAWAR: Chinese companies suspend work on Dasu, Diamer-Bhasha dams 991 Chinese engineers working on both projects have stopped operations. Local staff of both projects have been directed to stay home till further orders. However, the Chinese engineers are still working on the Mohmand Dam in Khyber Pakhtunkhwa. Five Chinese engineers working on the Dasu Dam perished when an explosive-laden vehicle hit the bus they were travelling in on the Karakoram Highway in the Bisham…

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Visa’s Growing Services Business Infused with New AI-Powered Products

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Growing-Services

·      Three new AI-powered solutions are added to Visa Protect suite to help block fraud ·      Among the newest services: a cutting-edge immediate payment fraud solution and expanded capabilities to mitigate fraud, agnostic to payment network ·      Growing usage across global services portfolio – Visa’s largest 265 clients now use an average of 22 of Visa’s value-added services products[1] Karachi, Pakistan – March 28, 2024 – Today, Visa (NYSE:V), a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of…

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WWEA Annual Report 2023: Record Year for Windpower

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Bonn (WWEA) – The year 2023 ended with a new record for new wind turbine installations: In total, the world added 116’065 Megawatt of new capacity within one year, more than ever before. According to preliminary statistics published today by the World Wind Energy Association, global wind power capacity has now passed one million Megawatt and has reached 1’047’288 Megawatt – very close to the prediction published by WWEA in autumn 2023.  The volume of the capacity added is 34% higher than in 2022, when the world added only 86…

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Thatta Cat-III wind projects: PPIB develops ‘new arrangements’

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wind-power

ISLAMABAD: Private Power & Infrastructure Board (PPIB) is said to have developed new arrangements for Category-III wind projects in Thatta, according to which K-Electric (KE) will purchase 300-MW electricity using its own transmission network, well informed sources in NEPRA told Business Recorder. This was revealed by Managing Director, PPIB, Shah Jahan Mirza in a letter to Chairman National Electric Power Regulatory Authority (Nepra), Waseem Mukhtar. According to sources, Managing Director stated that pursuant to the CCoE decision of February 27, 2019, subsequently approved by the Council of Common Interests (CCI) under…

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