- Home
- Business
- News
- Planning Development and Special Initiatives, Professor Ahsan Iqbal approves 300 MW Coal Fired Power ..
Planning Development And Special Initiatives, Professor Ahsan Iqbal Approves 300 MW Coal Fired Power Project
Faizan Hashmi Published January 03, 2023 | 10:13 PM
Planning Development and Special Initiatives, Professor Ahsan Iqbal on Tuesday approved a 300 MW Coal Fired Power Project while directing Ministry for Maritime Affairs, Power Division, Gwadar Port Authority GPA, and China Overseas Ports Holding Company Ltd (COPHCL) to ensure 100 percent power consumption for this project to avoid any financial loss to the national exchequer
ISLAMABAD, (UrduPoint / Pakistan Point News - 3rd Jan, 2023 ) :Planning Development and Special Initiatives, Professor Ahsan Iqbal on Tuesday approved a 300 MW Coal Fired Power Project while directing Ministry for Maritime Affairs, Power Division, Gwadar Port Authority GPA, and China Overseas Ports Holding Company Ltd (COPHCL) to ensure 100 percent power consumption for this project to avoid any financial loss to the national exchequer.
The Minister made these directions while chairing a meeting to review the project which has been approved, said a press release issued here.
The meeting was attended by the Chairman COPHCL, Chairman Gwadar Port Authority GPA, and other relevant stakeholders. The project was conceived under the China-Pakistan Economic Corridor (CEPC) in 2016.
The project aimed at improving the reliability of the local power supply which would help gradually solve the problems in current economic development and urban construction in the Gwadar region, which is being restricted by the shortage of power.
Earlier, the Minister had directed the COPHECL to provide the exact demand of the electricity for Gwadar Free Zone and share a 10-year plan for electricity consumption by Gwadar Free Zone Company to establish the exact electricity utilization of the 300 MW Coal Fired Power Project at Gwadar.
During the meeting, the Minister also directed the Power Division to address impediments and meet the completion deadline of January 2025.
It is noted that all major projects under China Pakistan Economic Corridor CPEC in Gwadar, including Gwadar Power Plant, the New Gwadar International Airport Project, the China-Pak Friendship Hospital, China-Pak Technical and Vocational Institute in Gwadar, the Gwadar East-bay Expressway Project, Gwadar Free Zone, and Gwadar Port would become a shining pearl in the region.
The Minister further said that the government is already working on a project for two transmission lines from Iran that will increase the electricity demand.
The incumbent government has revived all the CPEC Projects since it came into power in April this year. The previous government stopped all the projects.
Prime Minister Shahbaz Sharif already assured his Chinese counterparts that CPEC is the top priority of the government and the recent Joint Cooperation Committee JCC was one of the examples in which both sides had agreed to revive several development projects.
Related Topics
Recent Stories
Dar for joint action to counter Islamophobia in context of Israeli aggression ag ..
Azam Tarar urges for effective implementation of Action Plan for Human Rights
PAF cadets' graduation ceremony held
One-day national seminar "Great Power Competition: Challenges and Opportunities ..
10 firms submit LoIs for PIA: Aleem Khan
Saudi Arabia launches Nusuk pilgrim card for the Hajj of 2024
High Commissioner Hawkins hosts reception to mark 'Australia Day in Spring'
PM forms inquiry committee to probe matter of wheat import
E-Evidence system inaugurated in Bahawalnagar district courts
Bitterness at UCLA as Gaza protest cleared
Kenya, Tanzania brace for cyclone as heavy rains persist
DC reviews seven-day anti-polio drive in Federal Capital
More Stories From Business
-
10 firms submit LoIs for PIA: Aleem Khan
5 hours ago -
Trained manpower imperative for food security: Dr Sarwar
7 hours ago -
Asian Development Bank (ADB) delegation visits Federal Board of Revenue (FBR)
8 hours ago -
Pakistan's total liquid foreign reserves reach $ 13.316 billion
8 hours ago -
WWF-Pakistan rolls out regenerative agriculture practices initiative
8 hours ago -
Govt to equip agri-sector with modern technology: Rana Tanveer
8 hours ago
-
US trade gap wider than anticipated in March
8 hours ago -
Pakistani entrepreneurs asked for exploring business opportunities in Ethiopia
8 hours ago -
US trade gap wider than anticipated in March
8 hours ago -
Mongolian envoy for joint efforts to improve trade ties
8 hours ago -
Rupee gains 01 pasia against US dollar
9 hours ago -
Ahsan Iqbal expresses Pakistan's eagerness to enter CPEC Phase-II
10 hours ago