ISLAMABAD: Kuwait will buy stakes in the 1,450 MW Ghazi Barotha Hydropower Project (GBHP) and to this effect, EnerTech, which is a wholly-owned subsidiary of the Kuwait Investment Authority, and Wapda would appoint transaction advisers for the smooth divestment of 30 percent shares in the mega project. The government wants to raise $800-900 million by selling out 30 percent of…
Read More
Islamabad: Speakers at 3rd International Hydropower Conference while terming the hydropower and renewable energy (RE) crucial for sustainable future of the country on Wednesday stressed the need to remove bottleneck in harnessing the hydropower and RE potential for provision of affordable electricity to the people and industry.The third International Hydropower conference themed “Hydropower: A Renewable Energy Source for a Sustainable…
Read More
Islamabad: Islamabad is gearing up to host the 3rd International Conference on Pakistan Hydropower, a global gathering of energy experts organized by The Energy Update in collaboration with the Private Power Infrastructure Board (PPIB) and the International Hydropower Association (IHA). Scheduled for December 20, the conference carries the theme “Hydropower: A Renewable Energy Source for a Sustainable Future,” promising pivotal…
Read More
ISLAMABAD: The Federal government has reportedly slapped ban on issuance of Letters of Interest (LoIs) for hydropower projects with immediate effect and till issuance of guidelines for future, besides starting a probe of business of sale/ purchase of LoIs, sources close to Managing Director PPIB told Business Recorder. Sharing the details, sources said, Executive Committee (EC) of the Special Investment Facilitation…
Read More
ISLAMABAD: Ministry of Planning, Development and Special Initiatives has stated that probability of achieving financial closure of 700-MW Azad Pattan Hydropower project and 1124-Kohala Power project was low, official sources told Business Recorder. This information was shared with the Ministry of Foreign Affairs during a meeting convened to finalise agenda for the visit of caretaker Prime Minister Anwaar-ul-Haq to China. Pakistan…
Read More
The Ministry of Planning, Development and Special Initiatives (MPD&SI) has agreed to allocate Rs 100 billion as Indicative Budget Ceiling (IBC) including foreign aid allocation for hydropower and water projects for FY 2023-24, well-informed sources told Business Recorder.
Read More
Dasu will become the project with highest annual energy generation in Pakistan i.e., 21 billion units per annum on average The under-construction Dasu Hydropower Project crossed a major milestone the other day, as the mighty River Indus was successfully diverted following completion of one of the two diversion tunnels. Instead of its natural course, River Indus is now flowing through…
Read More
