The World Bank has approved USD 1 billion in additional funding for the Dasu Hydropower Project (DHP) in Khyber Pakhtunkhwa's Upper Kohistan district in Pakistan, reported Dawn.
This decision comes in the wake of eight key demands that the committee has put forth, which they assert must be met to halt their actions. The JKJAAC's demands include the transfer of all hydropower projects, including the Mangla Dam, to the government of Pakistan-occupied Jammu and Kashmir
According to sources, the government proposed a 50 per cent decrease in electricity rates per unit, a proposal promptly dismissed by the Kashmir action committee. They assert that consumers should be charged based on the production cost of hydropower in PoJK.
The heightened security measures come in the wake of a recent incident wherein a convoy of Chinese engineers working on the Dasu hydropower project in Shangla district was targeted in a suicide attack, resulting in casualties.
Hydropower company NHPC Limited has signed a Memorandum of Understanding with Ocean Sun, a Norwegian company operating as a technology provider to the floating solar industry.
Both Colombia and Ecuador rely heavily on hydropower plants to meet their energy needs. However, the drought has led to a sharp decline in water levels, particularly in reservoirs crucial for electricity generation.
The report revealed that the bus targeted in the attack was travelling at a distance of 15 feet from the other bus and fell into a 300-foot-deep ditch after a suicide bomber crashed his explosives-laden vehicle into the vehicle carrying the victims on the Karakoram Highway.
According to a press release by the Ministry of Power, the Indian Meteorological Department (IMD) has predicted a favorable monsoon in the fiscal year 2024-25, which is expected to contribute significantly to the improvement in water reservoir levels.
The World Bank (WB) has said that Nepal's economy is expected to grow by 3.3 per cent in 2024, driven by revived tourism and a pickup in hydropower exports.
According to the report, the incident that occurred on March 26 was the third major attack in little over a week on China-invested infrastructural projects, where Beijing has invested more than USD 65 billion as part of its wider Belt and Road initiative.