Month: May 2024

Safety concerns prompt shutdown of Neelum-Jhelum power plant

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neelum-jhelum

ISLAMABAD: The Water and Power Development Authority (Wapda) announced on Thursday that the 969-megawatt Neelum-Jhelum Hydro­power Project, valued at over Rs500 billion, has been completely shut down for inspection. The decision follows a major operational issue detected a month ago, leading to significant pressure fluctuations in the project’s headrace tunnel, Wapda said in a statement. It said that a comprehensive plan would be chalked out in coordination with project consultants and international experts to undertake remedial works to rectify the issue once the problem is traced. A sudden change in…

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NFEH seminar on enrolling out-of-school children in Pakistan & CSR Award ceremony

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CSR-Karachi

Call to use 2,50,000 mosques in Pakistan in daytime as special literacy centres to impart primary schooling Karachi: Over 2,50,000 mosques in the country should be used during the day hours as special literacy centres to impart primary-level school education as part of the accelerated drive to educate a record 26.2 million out-of-school children in Pakistan.Former Caretaker Federal Minister for Religious Affairs, Aneeq Ahmed, put forth this suggestion while speaking as the chief guest at a seminar on effective steps to enrol out-of-school children in Pakistan organised by the National…

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Pakistan Urged to Negotiate Settlement with Star Hydro to Mitigate MIGA Guarantee Risks

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green-hydrogen

The Attorney General’s Office has advised Pakistan’s Power Division and National Transmission and Despatch Company (NTDC) to engage in negotiations with M/s Star Hydro to resolve an arbitration award issue, reducing the risk of a Multilateral Investment Guarantee Agency (MIGA) guarantee being called upon. Following discussions at the Prime Minister’s Office and recent communications from the World Bank, emphasizing the urgency of resolving the matter, Pakistan faces a potential liability under the MIGA-covered Government of Pakistan Guarantee (GoP Guarantee) for the Star Hydropower project. The arbitration award, rendered in favor…

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Sindh govt will provide free solar panels to deserving people in two phases

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Solar-Penel

CM Sindh & EU Ambassador discuss projects of solar panels, school constructions KARACHI (April 30): Sindh Chief Minister Syed Murad Ali Shah in his meeting and European Union Ambassador Dr. Riina Kionka discussed two new projects aimed at helping those affected by the flood.One project involves the reconstruction of school buildings damaged by the flood, while the other project aims to provide solar panels to people living off-grid. The provision of solar panels will be done in two phases, with the first phase targeting those who are living off-grid and…

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Barrick Gold in Talks to Raise $2 Billion for Pakistan’s Reko Diq Project

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Reko-Diq

Canadian mining company Barrick Gold is engaged in discussions with the International Finance Corporation and other agencies to secure at least $2 billion for the initial phase of Pakistan’s Reko Diq copper project, CEO Mark Bristow informed Reuters. The Reko Diq project, in which Barrick holds a 50% stake, is anticipated to cost $5.5 billion for its first phase. This project, co-owned 50% by the Pakistan government, represents one of the world’s significant untapped copper mines. Saudi Arabia is negotiating to purchase a portion of Pakistan’s stake in the project,…

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