Author: Admin

World Bank, ADB, and IsDB Express Willingness to Finance NTDC Projects

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Asian-bank

ISLAMABAD: The World Bank (WB), Asian Development Bank (ADB), and Islamic Development Bank (IsDB) have conveyed their readiness to finance three key projects of the National Transmission and Despatch Company (NTDC), while advising private sector participation for the Ghazi Brotha to Faisalabad West Transmission Line, sources from the Economic Affairs Division (EAD) informed Business Recorder. During a meeting chaired by Secretary EAD, Dr. Kazim Niaz, it was revealed that both ADB and WB committed $500 million each, while IsDB pledged $200-320 million. The financing will be directed toward the Matiari-Moro-Rahim…

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K-Electric Reluctant to Proceed with Thar Block-II Project Without IGCEP Inclusion

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K-Electric

ISLAMABAD: K-Electric (KE) has expressed its unwillingness to move forward with the 300-MW coal-fired project at Thar Block-II unless it is included in the Indicative Generation Capacity Expansion Plan (IGCEP), sources informed Business Recorder. In a communication with Managing Director of Private Power and Infrastructure Board (PPIB), Shah Jahan Mirza, KE’s Chief Strategy Officer, Shahab Qader Khan, emphasized the need for the project’s inclusion in IGCEP as a critical requirement. Despite ongoing efforts, KE highlighted that without this inclusion, necessary updates to the Transmission System Expansion Plan (TSEP) cannot be…

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PPL and BME Focus on Sustainable Growth of Balochistan Mining Projects

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PPL-Pak

Karachi, October 18, 2024: The 49th Annual Management Committee meeting of Bolan Mining Enterprises (BME) took place on October 17, 2024, in Quetta. The meeting brought together joint venture (JV) partners Pakistan Petroleum Limited (PPL) and the Government of Balochistan (GoB). Managing Director and CEO of PPL, Mr. Imran Abbasy, along with senior officials, represented PPL, while the GoB delegation was led by Secretary Mines & Minerals Development Department Mr. Saidal Khan Luni, joined by the Additional Secretary of Industries and the CEO of Balochistan Mineral Resources Limited. Key discussions…

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Consumers to receive cheaper electricity as KE reaches historic milestone

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circular-debt-K-electric-ceo

KARACHI: In a significant development, K-Electric has successfully established the city’s first 500 kV grid station, a landmark achievement after several decades,This initiative allows the supply of affordable electricity to the citizens of Karachi from the KANUPP – Karachi Nuclear Power Plant (or KANUPP) is a large commercial nuclear power plant located at the Paradise Point.The KKI grid, completed in just 22 months, provides a vital transmission link between the National Grid and K-Electric’s network. This connectivity is expected to bolster energy security for both local industries and the southern…

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E Turbo Motors Pvt Limited Achieves Historic Milestone with Grand Launch Event

Admin
New-02-1

E Turbo Motors Pvt Limited marked a significant milestone with the launch of a groundbreaking initiative in the event industry, under the visionary leadership of CEO Mr. Usama Sheikh. This landmark occasion, held with great fanfare, signifies the company’s continued growth and dedication to excellence. The launch event was graced by Mr. Sharjeel Inam Memon, Senior Minister for Information, Transport, and Narcotics Control, as the Chief Guest. The event saw the participation of several high-profile dignitaries, including Sindh Provincial Ministers, MNA Dr. Mirza Ikhtiar Baig, and esteemed diplomats from the…

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