Re: Pakistan eyeing $40 billion investment from China
Oh wow..
All these are provincial initiatives. Punjab like others get their share from the federal divisible pool as per the formula agreed in 18th amendment. The per capita distributed share for Punjab is the lowest amongst the provinces. Yahan Punjabi Non Punjabi kahan say aa gaya. How this has stopped the other provinces to do something for the public. The globally recognized reality is that Punjab government is the most functional government amongst the provinces. We have better law and order/security situation in Punjab. Here the students can not cheat in exams like other provinces. We have lesser adulteration in Pesticides.. The business confidence in Punjab is highest amongst the provinces in Pakistan. No wonder Punjab has set a target of 8% GDP growth now.
The transformation is not taking place in Lahore only.. From Multan to Pindi the government is actually doing something. The sanitation facilities are much improved in all big and small cities. If you visit Kasur now.. it is one of the cleanest cities in Punjab.. Previously in the past it used to dirtiest. The pedestrian walk areas and green belts in Kasur are some of the finest in Punjab today. Multan and Pindi is getting Metro Bus. Faisalabad will soon follow. Punjab is putting up major power plants through PPBD initiatives.
From dengue to flood disaster. From Ramzan price controls to supervision and timely completion of projects. We are lucky to have a pro active CM. Everything is not perfect.. but the level of effort is a reality..
Nishat signs LoI for another 660MW coal plant - thenews.com.pk
Nishat signs LoI for another 660MW coal plant
Javed Mirza
Thursday, July 10, 2014
From Print Edition
KARACHI: Nishat Chunian Limited signed a letter of interest (LoI) issued by the Punjab Power Development Board (PPDB) for setting up 660 megawatts of coal-based power project in Jhang, The News learnt on Wednesday.
It did as a main sponsor on behalf of a consortium, comprising of Nihsat Chunain Limited, DG Khan Cement Company Limited and Adamjee Insurance Company Limited.
Earlier in May 2014, Nishat Power Limited had signed a LoI issued by PPDB for setting up 660 MW coal-combusted power project in Jhang on behalf of a consortium of Nihsat Mills Limited, Lalpir Power Limited and Pakgen Power Limited.
Sources in PPDB said that the board had quoted the notional project cost at $1.2 million per MW.
The Energy Department, Punjab would help in land acquisition for two 660 MW of coal-fired power plants. For this purpose, a land has already been reserved.
Pakistan Railway Authority, Karachi Port Trust and Port Qasim Authority have been onboard since the initiation of the project. The provincial government is finalising a comprehensive and approved logistics plan, said the sources.
Pakistan is facing substantial power shortages. In Punjab alone, there is a demand-supply gap of about 4,000 MW, which is increasing at a rate of six percent per annum.
Accounting for 68 percent of the consumption of generated electricity and gas in the country, the province is the worst affected and has to endure both power and gas load shedding with adverse social and economic consequences.
Following the 18th amendment to the Constitution of Pakistan, the provinces are now vested with full authority to develop power projects of any capacity through public or private sectors and establish required regulatory framework.
In view of the lingering energy crisis and opportunity provided by the new enabling framework, the government of Punjab decided to play a pro-active role in the energy sector.
An independent energy department has accordingly been established to vigorously pursue power generation and oil and gas projects in the province, said the sources.