ISLAMABAD: Prime Minister Shehbaz Sharif has instructed authorities to incorporate the $8 billion Diamer Bhasha Hydropower Project (DBHP) into the China-Pakistan Economic Corridor (CPEC), sources from the Ministry of Water Resources revealed. The project promises significant benefits, including 6.4 MAF water storage and the generation of 18.1 billion units of electricity annually. While $500 million in foreign financing is secured, $3.5 billion more is needed. WAPDA, responsible for the project, is funding it through hydropower tariffs and aims to recover the power generation costs from consumers. Chinese firm PowerChina, already…
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3 Killed, Including 2 Chinese Nationals, in Karachi Airport Blast
Three people, including two Chinese nationals, were killed and 11 others injured in a massive explosion near Karachi’s Jinnah International Airport on Sunday night. Conflicting reports initially described the blast as either an IED explosion or an accident involving a vehicle and an oil tanker. The Baloch Liberation Army’s Majeed Brigade claimed responsibility, though this remains unverified. Footage showed vehicles ablaze at the scene. The Chinese Embassy condemned the attack, urging Pakistan to investigate and enhance security for Chinese citizens. Airport operations continued without disruption as authorities worked to determine…
Read MorePMD predicts rise in temperatures in Karachi
The Pakistan Meteorological Department (PMD) has predicted an increase in temperatures in Karachi, with a maximum temperature of 38°C expected on Tuesday. The advisory mentioned that from tomorrow, northwestern desert winds from Balochistan will start affecting the city. The temperature in Karachi is expected to reach up to 37°C on Monday, with a higher heat intensity due to increased humidity. The PMD has also forecasted hot, very hot, and dry weather in other districts of Sindh. Today, the weather in Karachi is expected to be partly cloudy, with the temperature…
Read MorePakistan: Casualties reported in blast at Karachi airport
One person was killed and several others injured in the explosion outside Pakistan’s largest airport, local media reported. It was initially unclear what caused the blast.One person was killed and several others were injured in a massive blast outside Karachi Airport in southern Pakistan on Sunday night, local media reported. The casualties were confirmed by broadcaster Geo News and Dawn newspaper, citing officials.Cause of the blast unclearPolice and the provincial government said a tanker exploded outside Jinnah International Airport, which is Pakistan‘s biggest airport.The provincial home minister, Zia Ul Hassan, contradicted this account, telling Geo News that it…
Read MoreSolar and Wind Energy Prices Plummet to Record Lows
Europe has experienced negative energy prices several times this year, as the rapid pace of development of solar and wind energy outpaces the region’s ability to cope with excess supply. Electricity prices dropped into negative figures for 7,841 hours during the first eight months of 2024, sometimes to as much as -$22 per megawatt hour, according to the consultancy ICIS. The main culprit has been the solar sector, driven by inconsistencies in the delivery of electricity due to its unstable nature. While the deployment of utility-scale batteries could help to tackle this…
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