Month: April 2024

Chinese Firm Resumes Work on Diamer Bhasha Dam, Dasu Dam Work to Follow

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Dasu-Dam

In Peshawar, following the resumption of work on Tarbela Dam, a Chinese company has now recommenced operations on the Diamer Bhasha Dam. However, work on the Dasu Dam remains suspended for the time being, with sources indicating that it will resume in the coming days. Nazakat Hussain, the General Manager of Diamer-Bhasha Dam (DBD), confirmed the Chinese company’s return to work on the dam. Approximately 350 Chinese nationals have joined over 6,000 local staff already working on the project. The Chinese company had previously halted work after a tragic incident…

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Global wind power production is “very predictable”, finds Eoltech study

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Wind-Power

Eoltech, a leading wind and solar resource assessment consultancy, released today the findings of a new study that aimed at assessing the variations of the global wind resource over the last 15 years. The data show that worldwide wind power production is very predictable, with annual variations remaining within a ± 3 % range. These results are based on irec index, the wind energy index covering 80% of the world’s onshore wind farms installed as of 2023. The study combines the irec wind energy indexes that Eoltech releases each month…

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BYD Partners with Mega Conglomerate to Introduce New Energy Vehicles in Pakistan

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electric-vehicles

In Islamabad, the renowned new energy vehicle manufacturer BYD (Build Your Dreams) from China has announced a strategic collaboration with local partner Mega Conglomerate (Private) Limited. This partnership aims to introduce innovative New Energy Vehicle (NEV) solutions in Pakistan, aligning with the country’s goals to reduce carbon emissions and promote energy-efficient transportation. BYD, recognized for its groundbreaking work in electric vehicle production and surpassing Tesla in 2023 for the highest number of electric vehicles manufactured globally, brings its expertise to Pakistan’s automotive industry. The collaboration is expected to accelerate the…

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PM Shehbaz Sharif Pushes for Accelerated Completion of Hydropower Projects

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Karot-Hydropower

In Islamabad, Prime Minister Shehbaz Sharif has instructed authorities to expedite work on two crucial hydropower projects located in Attaabad and Harpo. Additionally, he has called for an action plan regarding solar energy projects in Gilgit-Baltistan, emphasizing the government’s commitment to addressing the region’s energy needs. Following a meeting with Gulbar Khan, Chief Minister of Gilgit-Baltistan, PM Shehbaz formed a committee to tackle the challenges faced by the region. This committee is tasked with providing comprehensive recommendations after thorough consultations on various issues affecting Gilgit-Baltistan. During the meeting, discussions centered…

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Petroleum Demand Reaches 21-Month High, Indicating Economic Stability

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oil-and-gas

In Karachi, the demand for petroleum oil products surged to a 21-month high of 1.15 million tonnes in March, showcasing a positive trend towards economic stability. Data from the Oil Companies Advisory Council (OCAC) revealed that oil marketing companies (OMCs) experienced a 4% increase in sales compared to the same period last year and a 3% rise from the previous month of February. Premium products such as petrol and diesel saw a significant uptick of 9% in March 2024 compared to the previous year and a 4% increase month-on-month. Analysts…

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