BR100 Increased By (0.57%)
BR30 Increased By (0.34%)
KSE100 Increased By (0.52%)
KSE30 Increased By (0.53%)
AGHA 7.80 Increased By ▲ 0.05 (0.65%)
BECO 5.19 No Change ▼ 0.00 (0%)
BML 58.00 Decreased By ▼ -0.66 (-1.13%)
BOP 34.00 Increased By ▲ 0.31 (0.92%)
CNERGY 10.38 Decreased By ▼ -0.23 (-2.17%)
CSIL 5.42 Increased By ▲ 0.12 (2.26%)
FCCL 55.00 Increased By ▲ 1.26 (2.34%)
FFL 16.65 Increased By ▲ 0.19 (1.15%)
FNEL 1.25 Increased By ▲ 0.03 (2.46%)
KEL 7.40 Increased By ▲ 0.12 (1.65%)
KOSM 5.74 Increased By ▲ 0.10 (1.77%)
LOTCHEM 29.48 Decreased By ▼ -0.17 (-0.57%)
MLCF 95.25 Decreased By ▼ -1.11 (-1.15%)
NBP 204.00 Increased By ▲ 0.47 (0.23%)
NCPL 57.88 Increased By ▲ 1.03 (1.81%)
NPL 69.24 Increased By ▲ 1.93 (2.87%)
OGDC 317.50 Decreased By ▼ -0.72 (-0.23%)
PACE 10.71 Increased By ▲ 0.08 (0.75%)
PAEL 43.00 Increased By ▲ 1.23 (2.94%)
PIBTL 16.78 Decreased By ▼ -0.03 (-0.18%)
PPL 220.99 Increased By ▲ 0.82 (0.37%)
PRL 50.25 Increased By ▲ 1.20 (2.45%)
PTC 70.70 Increased By ▲ 0.69 (0.99%)
SSGC 28.47 Decreased By ▼ -0.67 (-2.3%)
TBL 9.85 Increased By ▲ 0.08 (0.82%)
TELE 8.85 Increased By ▲ 0.03 (0.34%)
TPL 18.03 Increased By ▲ 0.86 (5.01%)
TPLP 12.88 Increased By ▲ 0.37 (2.96%)
TREET 22.85 Increased By ▲ 0.26 (1.15%)
TRG 59.82 Decreased By ▼ -0.40 (-0.66%)

ISLAMABAD: Minister for Power Khurram Dastgir Khan has not disclosed the rate of 100-MW electricity to be purchased from Iran for Gwadar.

Addressing a press conference here on Wednesday, Minister for Power, who visited Iran a couple of days ago to finalize deal for import of additional 100-MW electricity for Gwadar, said that the federal government has fulfilled longstanding demand of Gwadar people, who will get 24-hour supply.

Prime Minister Shehbaz Sharif will inaugurate the project soon, he said. During the press conference, Minister who signed the Memorandum of Understanding (MoU) was asked about the rate to be paid to Iran for additional 100-MW electricity; he responded, “Details of rate of electricity to be discussed later on”.

Official circles have confirmed to Business Recorder that Iran has urged Islamabad to revise rates of existing supply of 76-MW to Pakistan and also fix rate of additional supply of 100-MW at par with revised rates.

Pakistan is reluctant to accept Iran’s demand. Pakistan and Iran have completed transmission lines within their respective areas. Pakistan has completed 29-kilometer transmission line within its territory.

Replying to a question, Dastgir said that the government has set up and energised Thar coal–fired power plants of 2000-MW and work on Thar-Matiari transmission line is in progress, which will be completed soon.

He said, with addition of 2000-MW electricity in the system, the duration of load-shedding will be less this summer as compared to the previous summer.

He added to another query that Managing Director of NTDC has been appointed after 10 years, adding that NTDC Board will be revamped.

He further stated that there were issues in Letter of Credit (LCs) and quality of solar panels of tier -1 which are being resolved, adding that manufacturing of old electric fans and fluorescent bulbs will be discontinued.

Minister further stated that a 765-KV mega grid station will be established in Mansehra to evacuate electricity from Basha Dam.

Replying to questions, he said, due to international sanctions, no progress could be made on the Iran-Pakistan gas pipeline.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.