Year: 2020

ISLAMABAD: Prime Minister Imran Khan was informed on Thursday that some leading businessmen of the country have formed a consortium to make a huge investment in two mega development projects — Urban Development and Bundle Island Project (UDBSP) in Karachi and Ravi River Front Urban Development Project (RRFUDP). In a separate meeting of the National Coordination Committee (NCC) on Housing, Construction and Development, the prime minister was apprised that the Capital Development Authority (CDA) has fetched Rs55 billion in two recent auctions of commercial and residential plots. In another meeting…

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ISLAMABAD: The government on Thursday set up an implementation committee to convert legally non-binding understandings with 47 independent power producers into legal agreements to secure an estimated amount of Rs836 billion in savings over the next 28 years. After a formal revision in power purchase agreements, the federal government would save an average of Rs30 billion a year during this period. The decision to form the implementation committee was taken by the Cabinet Committee on Energy (CCoE), chaired by Federal Minister for Planning and Development Asad Umar. The Power Division…

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The country’s Ministry of Electricity and Energy allocated all tendered solar capacity in its first procurement exercise for large-scale PV. Final prices ranged from $0.0348 to $0.051 per kWh. China Machinery Engineering and Sungrow were the main winners, securing eight and nine projects, respectively. Myanmar’s Ministry of Electricity and Energy (MOEE) has concluded a 1 GW PV tender it launched in May by allocating all of the procured capacity. Final prices ranged from $0.0348/kWh to $0.051/kWh, according to a list of winning bidders, published by China Dialogue, a nonprofit organization. The biggest winners…

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