ISLAMABAD – Pakistan Railways (PR) has awarded the contract for the construction of a 105-kilometre railway line to connect the Thar Coal mines with Port Qasim. This vital project, aimed at enhancing bulk transportation for the country’s growing economy, was revealed by Federal Secretary for Railways Syed Mazhar Ali Shah during a Senate Standing Committee on Railways meeting. The rail…
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ISLAMABAD: The government is likely to cancel the 300 MW imported coal power project in Gwadar as the Chinese firm, CIHC Pak Power Company (Pvt) Ltd (CPPCL), has yet to make significant progress. Sources from the Private Power & Infrastructure Board (PPIB) revealed that CPPCL is demanding a further upward revision in tariff before moving ahead. PPIB Managing Director, Shah…
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ISLAMABAD: The Pakistani government is considering approaching local banks to finance the conversion of power plants from imported coal to Thar coal, as well as the expansion of Thar coal mines. This initiative, aimed at enhancing energy security and reducing fuel costs, was discussed in a recent meeting between Pakistani officials, Chinese experts, and representatives from the Chinese embassy. Led…
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ZURICH: Swiss commodities giant Glencore has decided to retain its coal business after consulting shareholders who see the fossil fuel as a significant cash generator. Glencore recently completed the acquisition of Teck Resources’ steelmaking coal unit, Elk Valley Resources, in July following a protracted negotiation with the Canadian company. The commodities trading and mining group had considered merging Elk Valley…
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ISLAMABAD: Pakistan is exploring the possibility of importing coal from Kyrgyzstan for power generation, a temporary measure until power plants can transition to Thar coal, according to sources from Business Recorder. The Ambassador of Pakistan to Kyrgyz Republic recently met with Talaibek Baigaziev, Kyrgyz Deputy Minister of Energy, to discuss potential energy cooperation between the two countries. During the meeting,…
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KHYBER: The import of coal from Afghanistan through the Torkham border has significantly decreased following the Afghan Taliban’s decision to increase taxes on coal mines and export duties. This situation has been further exacerbated by Pakistani industrialists shifting to cheaper local coal sources. Custom clearing agents in Torkham revealed that the suspension of trade through the Kharlachi border crossing in…
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QUETTA: Tragedy struck in the Sanjdi area, about 50 km from Quetta, as at least 11 individuals died from methane gas inhalation inside a coal mine on Monday. The victims included nine coal miners, a coal company manager, and a contractor. The incident occurred approximately 1,500 feet deep inside the mine when methane gas erupted and rapidly spread, rendering all…
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ISLAMABAD: M/s Lucky Commodities is said to have lodged a complaint with caretaker Minister for Power and Petroleum, Muhammad Ali on coal procurement process for Sahiwal imported coal-fired power plant, In a letter to caretaker Minister, the company referred to a bidding document dated November, 2023, floated by Huaneng Shandong Ruyi (Pakistan) Energy (Private) Limited for procurement of coal for…
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KARACHI: Ghani Chemical Industries Limited (GCIL), a manufacturer of medical and industrial gases and chemicals, said on Monday it will set up a $5-5.5 million coal power plant to reduce its electricity costs and gain a competitive edge. The company in a filing to the Pakistan Stock Exchange (PSX) said that it has decided to set up a 7 megawatt…
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ISLAMABAD: Shocking revelations emerged during a public hearing on coal pricing mechanisms, indicating that coal power plants in Pakistan are manipulating coal prices by importing lower-quality coal for their operations. In a significant disclosure, it was revealed that the Sahiwal coal power plant had procured coal at a time when coal prices were high and maintained an inventory that was…
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