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Mian Mansha’s Nishat Power taking 32pc profit, Senate told

ISLAMABAD: Industrialist-cum-banker Mian Muhammad Mansha’s Nishat Power was taking 32 per cent profit, however other independent power producers were allowed to take 17 per cent profit, the Senate standing committee on power was told on Tuesday.    The additional secretary power told the Senate body that the government was paying capacity charges to 41 private power plants. He said that no capacity charges were paid to Reshma power plant. The Senate committee meeting chaired by Senator Fida Muhammad had sought National…

First unit of Thar coal to contribute 330MW

THARPARKAR: The first unit of Thar coal power plant is likely to contribute 330MW of electricity to the national grid by December 2018, six-month ahead of the given schedule. According to details, so far 92 per cent of work on coal mining and 93 per cent work of power plant have been completed. Work on coal mining in Thar block II, and power plant near the site of coal mining started in 2016 and was earlier scheduled to be completed by June 2019, but due to fast pace of the work, the project is being completed well…

Chinese company projected establishment of solid waste power plant in collaboration with NEPRA

KARACHI: A Chinese company is interested for establishing a municipal solid waste power plant, and has applied for a generation license from the National Electric Power Regulatory Authority (Nepra). A subsidiary of Chengdu Xingrong Environmental Co, Lahore Xingzhong Renewable Energy has uttered interest in establishing a municipal solid waste power plant at a price level of approximately $140 million. The plant is predictable to come online by end of April 2021 and NEPRA will be revealing the levelized tariff in…

PM Abbasi says PML-N govt will complete its term

JHANG: Prime Minister Shahid Khaqan Abbasi on Saturday lashed out at the political opponents demanding snap elections, saying the government will complete its term. Addressing the ceremony of laying foundation stone of a Liquefied Natural Gas-fired power plant here today, the premier once again rejected calls for early elections and said the next general elections should be held on the dot. He said political alliances were in the making against the PML-N government adding there was no need to form such alliances as the…

PM Abbasi inaugurates first unit of coal power plant at Karachi’s Port Qasim

KARACHI: Prime Minister Shahid Khaqan Abbasi on Wednesday inaugurated the first unit of the 1320-megawatt coal fired power plant at Port Qasim in Karachi. Speaking on the occasion, PM Abbasi said democracy is the only choice for Pakistan to ensure stability, progress and prosperity. The prime minister said the government believes in freedom of expression and there is no curb on print and electronic media. PM Abbasi said the state institutions have successfully defeated terrorism in the country and are united in their…

Govt to reopen oil power plants to curb power crisis

ISLAMABAD: The government has announced to reopen furnace-based oil power plants to resolve power crisis in Punjab and Balochistan. Besides, reopening furnace-based oil power plants, the Chashma Nuclear Power plant has also started producing electricity after necessary technical and security protocol, said a press release by the National Transmission and Distribution Company (NTDC) on Friday. The Chashma Nuclear Power plant was earlier closed due to tripping, the statement said. The NTDC had earlier stated in its…

Govt approves negotiation with Russia for agreement on construction of 600mw NGCC power plant

ISLAMABAD: The Federal Cabinet has approved initiation of agreement between Russia and Pakistan on Cooperation for Construction of 600 MW Natural Gas Combined Cycle Power Plant at Jamshoro. Prime Minister Shahid Khaqan Abbasi chaired the cabinet meeting in Islamabad on Tuesday. The meeting authorized Power Division to negotiate the details of draft Framework Agreement with Russian authorities and bring the agreed version before the cabinet. It would also finalize the terms and conditions of the loan in consultation…