Year: 2021

KE okays Rs3.7bn investment plan for industrial areas

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power

KARACHI: An investment plan of approximately Rs3.7 billion has been finalised for the captive requirements of industrial zones in the city, K-Electric (KE) said on Saturday. The overall load-requirement and enhancement of captive power plants (CPPs) that will be connected to the grid is around 747 MW, spread across 743 customers, the statement said, citing surveys conducted by the utility. “More than 500 customers have already been contacted by the power utility for load requirements amounting to around 300MW. Permission for load-requirement or load-enhancement survey is awaited from around 100…

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Pakistan urged to review ECO train tariff

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LAHORE: Turkey and Iran have called upon Pakistan to review the tariff for Istanbul-Tehran-Islamabad (ITI) freight train on the basis of actual weight and per kilometre instead of the fixed charges for the 1,990km journey from Iran’s Zahedan city to Islamabad. In two recent coordination meetings of the Economic Cooperation Organisation (ECO) — held virtually on March 1 and 4 — both Turkish and Iranian authorities requested their Pakistani counterparts to introduce the per km distance charges rather than the fixed ones, which according to them, appear expensive to their…

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Energy Security key for Pakistan’s progress

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Take a look into the not-so-distant future – a mere decade from now: 2030. Imagine Pakistan’s progress, both in terms of human development and its economy. Now consider how we get there. One thing will become clear: the roadmap must ensure sustainable growth of the power sector by addressing electricity access and affordability for all. Pakistan’s ailing Energy Security Policies Over the past few decades, the failures of Pakistan’s energy policies have resulted in a severe power crisis that has immensely impeded the country’s economic performance. In the late 2000s, power shortages reached…

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ECNEC approves 12 projects worth Rs267 billion

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ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved approves 12 projects worth Rs267 billion. The ECNEC meeting was held under the chair of Finance and Revenue Minister Dr Abdul Hafeez Shaikh on Thursday to delibarte upon projects related to health, communications, irrigation, disaster management, livelihood support, locust control and water supply. According to a press statement, the cabinet forum approved the Locust Emergency and Food Security (LEAFS) Project at an estimated cost of Rs31.6 billion ($200 million). The LEAFS Project will respond to food security threats caused…

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