In the summer of 2022, unusually intense monsoon rains – exacerbated by climate change - caused a super flood that submerged one-third of Pakistan, affecting some 33 million people. While all four provinces were impacted to varying degrees, seven months following the catastrophe many villages across Sindh and Balochistan provinces remain remote islands, surrounded by stagnant, brackish water that stretches to the horizon.
More than ever, governments need to tap private sector expertise and financing for deploying battery energy storage systems (BESS). A new report provides insights on their merits and recommendations on contractual and revenue models for their procurement through PPPs.
The World Bank on Wednesday approved an International Development Association credit in the amount of US$3.5 million and an International Bank for Reconstruction and Development loan in the amount of US$ 3.5 million for the Renewable Energy and Improved Utility Performance Project (REIUP) for Cabo Verde in Western Africa.