Power

Power tariff to increase as govt anticipates IMF loan tranche

Power tariff to increase as govt anticipates IMF loan tranche

November 16, 2019

ISLAMABAD: Consumers are expected to brace for an electricity tariff hike as the government has decided to raise the current rate prior to receiving a loan tranche of about $450 million from the International Monetary Fund (IMF). In accordance with the decision, 10 distribution companies of ex-WAPDA are anticipating Rs17.2[...]
Chinese and German firms awarded power project by K-Electric

Chinese and German firms awarded power project by K-Electric

October 27, 2019

KARACHI: K-Electric (KE) has signed a contract with a joint venture of Chinese and German firms to build a 900 megawatts dual-fired power plant with an investment of $650 million. The contract was signed in Chinese city Harbin by KE CEO Moonis Alvi, Siemens Executive Vice President Dr Keramat Fakhari[...]
CPHGC completes 1,320MW power plant in Balochistan

CPHGC completes 1,320MW power plant in Balochistan

October 26, 2019

KARACHI: China Power Hub Generation Company (CPHGC) and General Electric (GE) on Thursday announced the successful completion of a power plant with a 1,320-megawatt production capacity in Balochistan. “We are proud to deliver this project with agile execution, and have completed this work in cooperation with GE on schedule and[...]
Work on $14.5bn Saudi Power Projects under way

Work on $14.5bn Saudi Power Projects under way

October 16, 2019

ISLAMABAD: Federal Minister for Power and Petroleum Omar Ayub Khan said that work has started on $14.5 billion worth of Saudi Arabia’s energy and petroleum projects in Pakistan. The projects are contributions to Pakistan’s effort to boost the production and use of oil and renewable power to meet energy demands.[...]