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Power Projects

Seven power projects of 3340 MW completed under CPEC: PAC informed

ISLAMABAD: The Public Accounts Committee (PAC) was informed on Tuesday that seven power projects of 3340 megawatt have been completed under the China Pakistan Economic Corridor (CPEC) project. The secretary Power Division was briefing the committee chaired by Opposition Leader Shahbaz Sharif in Islamabad on Tuesday. The secretary told the committee that 13 projects of 7240 megawatt under the CPEC were in the execution phase. He said the circular debt in power sector had crossed 755 billion rupees. On this…

‘CPEC to add 17,000MW power to national grid’

ISLAMABAD: The Federal Cabinet was informed on Tuesday that various energy sector projects being set up under the China-Pakistan Economic Corridor (CPEC) project would contribute over 17,000 MW of energy to the national grid on completion. The Cabinet was also given a detailed presentation regarding CPEC, including various projects being undertaken in energy sector, infrastructure, industrial cooperation and development of Gwadar. It was informed that the energy sector and infrastructure development constituted the…

Govt committed to fast-track completion of power projects: PM

LAHORE: Prime Minister Muhammad Nawaz Sharif on Monday said power generation projects were being completed at a fast track and thousands of megawatts electricity would soon be added to the national grid. “$36 billion are being spent on power projects. While, Rs112 billion were saved in three 3600 megawatt LNG-power projects,” he said while addressing workers of Pakistan Muslim League-Nawaz (PML-N) in Lahore. He said power generation reached its highest level of over 19,000 megawatt two days back which was a record. He…

JCC satisfied over progress on projects under CPEC

BEIJING: The Joint Cooperation Committee (JCC) on China Pakistan Economic Corridor (CPEC) on Thursday expressed its satisfaction over the progress on major projects relating to energy cooperation and transport infrastructure. The committee stressed on the need to speed up the work on projects related to Gwadar and industrial cooperation. The JCC meeting, co-chaired by Minister for Planning and Development Ahsan Iqbal and Vice Chairman National Development and Reform Commission (NDRC) China Wang Xiaotao, held in…

Govt focused on to resolve power crisis, says PM Nawaz

ISLAMABAD: Prime Minister Nawaz Sharif  said that the focus of his government fixed on to resolve the prevailing power crisis in the country from the first day of its tenure. He was speaking while chairing a meeting of the cabinet committee on energy yesterday. The prime minister said that the reforms introduced by the government in the energy sector will help in meeting the future power needs of the country. Sharif said that the government has an advantage to launch scores of power projects and vowed that…

CPEC related energy projects to produce 17,000 MW in Pakistan

ISLAMABAD: Some 17,045 megawatts of energy would be generated by the help of energy projects under the China-Pakistan Economic Corridor (CPEC) in the country, official sources said on Tuesday. The CPEC energy projects would not only help overcome the existing energy crisis in Pakistan but would also produce surplus power to benefit in the future. Giving details of these projects, they informed that as many as 1,100-megawatt electricity generated through these projects would be included in the national grid by the end…

Load-shedding to become history by 2018, says PM

ISLAMABAD: Prime Minister Nawaz Sharif claimed on Tuesday that load-shedding would be a past narrative by 2018, expecting the power projects initiated by the present government should be completed well within the set deadlines.   He was chairing a meeting of Cabinet Committee on Energy at the Prime Minister House in Islamabad. Finance Minister Ishaq Dar, Petroleum Minister Shahid Khaqan Abbasi, Water and Power Minister Khawaja Asif, Chief Minister Punjab Shahbaz Sharif, Special Assistant to Prime Minister Tariq Fatemi and…