Category: Energy
Thar lignite to fuel Pakistan’s first ultra-supercritical power plant
Lucky Cement, Pakistan’s largest cement company by installed capacity, has attained financial close on a 660MW, $1.08 lignite-fueled power plant that will be located in Port Qasim, Sindh. The plant, when completed, will be the first ultra-supercritical power plant in...
Caretaker finance minister leads CPEC review
Caretaker governments are in power in Pakistan, but they, along with the permanent bureaucracy, continue to keep the CPEC train chugging along. Last week, Balochistan Chief Minister Alauddin Marri led a business forum in Quetta that brought together Chinese business...
Protests near Gwadar over electric power blackouts
Protestors on Tuesday blocked the Makran Coastal Highway connecting Gwadar to Karachi as the region faces an electric power blackout due to faults with transmission lines. The protest took place near Ormara, according to DAWN. The coastal town is located...
Chinese Electric Power Companies Press for ‘Revolving Fund’
In 2016, Pakistan approved the creation of a “revolving fund” that would effectively provide a sovereign guarantee for payments to CPEC independent power producers (IPPs). The fund would cover 22 percent of the estimated monthly payments and capacity charges owed to...