Disturbed with frequent depreciation of the Pak Rupee (PKR), Chinese investors in Gwadar have sought permission to maintain their bank accounts in RMB in Gwadar Free Zone without converting their money into Rupees, well informed sources told Business Recorder. This issue was raised by Chairman, China Port Holding Company Limited (COPHCL) at a meeting of Federal Steering Committee on Gwadar Initiatives held on…
Read More
Barrick Gold Corporation President Mark Bristow on Monday stated that the first phase of Reko Diq copper-gold project will be completed by 2027-28, and the scheme will convert it into a “world-class mine and transform Balochistan”. An agreement in principle was reached between the government of Pakistan, the provincial government of Balochistan and Barrick earlier this year for the reconstitution…
Read More
China’s first PV power plant was built in Gansu Province in 1983 and has been operating continuously for the past 39 years, way beyond the standard life cycle of 25 years. So, what are the secrets behind the plant’s reliability and operational longevity? Across May and June, industry professionals debated PV product reliability in three consecutive live streamed events, themed…
Read More
In line with the governing laws, rules, and regulations of the Government of Pakistan and NEPRA, various changes have been made to the rates of electricity and tariff structure that will be effective from July and applicable nationwide including on consumers in KE’s service territory. The determination of costs of electricity to be recovered from consumers across Pakistan in their…
Read More
Azad Pattan Hydropower Project, having capacity to annually generate 3064 GWh, would be completed by 2026 to generate cheap and environment friendly power. The 700 MW project is located on Jhelum River roughly 7 km upstream of Azad Pattan Bridge in the Sudhanoti District, Azad Jammu and Kashmir, Pakistan and 90 km from Islamabad, the capital city of Pakistan, said…
Read More
The Engineering Development Board (EDB) is all set to submit its policy document on solar panels and allied equipments manufacturing to the government by the end of this month. The policy document would revealed as how to promote the use of alternate energy resources to overcome power shortages in the country. It also said that the country is facing serious…
Read More
National Transmission and Despatch Company Limited (NTDC) has acquired 758 Kanal and 3 Marla land for the construction of 500 kV grid station Chakwal. The contractor has been mobilized for construction of boundary wall. This project remained at halt for many years due to severe land acquisition issue. A senior officer said establishment of 500 kV grid station in Chakwal…
Read More
