Month: March 2025

Geothermal Energy Poised to Meet 64% of AI-Driven Data Center Demand

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energy-demand

A new report by the Rhodium Group reveals that geothermal energy could supply up to 64% of the projected energy demand growth from data centers by the early 2030s. This finding positions geothermal as a potential game-changer in addressing the rising energy needs fueled by artificial intelligence (AI). Despite historically high upfront costs and technical hurdles, advancements in geothermal drilling technology and increasing investments from major tech firms like Meta and Alphabet are accelerating its development. The report highlights that breakthroughs in subsurface exploration—leveraging techniques from nuclear fusion and fracking—are…

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PSDP 2025-26: Rs424 Billion Water Projects Proposed, K-IV Delays Persist

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Bhasha-Dam

ISLAMABAD: The Ministry of Water Resources has proposed 33 new water sector projects worth Rs424.128 billion for inclusion in the Public Sector Development Program (PSDP) 2025-26, seeking an allocation of Rs42.432 billion for the upcoming fiscal year. During a briefing to the Senate Standing Committee on Water Resources, chaired by Senator Shahadat Awan, Secretary Syed Ali Murtaza outlined the proposed projects. Breakdown of Proposed ProjectsWAPDA Projects: Four projects totaling Rs33.0155 billion, with Rs1.584 billion sought for FY 2025-26.Sindh: Three projects worth Rs257.783 billion, with a funding request of Rs15.805 billion.Khyber…

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PM Likely to Announce Rs8 per Unit Electricity Price Cut on March 23

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Electricity-Price

The government is set to slash electricity tariffs by Rs8 per unit, with Prime Minister Shehbaz Sharif expected to make the official announcement on March 23, following approval from the International Monetary Fund (IMF), Express News reported. Sources indicate that the Ministry of Finance and Power Division are considering additional measures to further reduce rates by Rs2 per unit, with a final decision expected before the announcement. Effective from April 1, 2025, the reduction will reflect in consumer bills from May. Of the Rs8 per unit cut, Rs4.73 will be…

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World Bank Likely to Approve $425 Million NTMP-I Restructuring Project Extension Aims to Strengthen Pakistan’s Power Transmission System

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world-bank

ISLAMABAD: The World Bank is expected to approve the restructuring of the National Transmission Modernization Project-I (NTMP-I), a $425 million initiative aimed at enhancing the capacity and reliability of Pakistan’s power transmission network while modernizing key operations of the National Transmission and Dispatch Company (NTDC). According to official documents, this marks the third restructuring of the project and the second phase of a planned two-stage extension. The proposed changes include extending the project’s closing date by 20 months, shifting from April 30, 2025, to December 31, 2026. With previous adjustments…

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