AVN 67.20 Increased By ▲ 0.10 (0.15%)
BAFL 31.00 No Change ▼ 0.00 (0%)
BOP 4.93 Increased By ▲ 0.03 (0.61%)
CNERGY 3.78 No Change ▼ 0.00 (0%)
DFML 14.50 Increased By ▲ 0.07 (0.49%)
DGKC 41.91 Increased By ▲ 0.06 (0.14%)
EPCL 46.10 Decreased By ▼ -0.47 (-1.01%)
FCCL 11.85 Increased By ▲ 0.16 (1.37%)
FFL 5.15 Increased By ▲ 0.08 (1.58%)
FLYNG 5.86 Increased By ▲ 0.06 (1.03%)
GGL 10.54 Increased By ▲ 0.12 (1.15%)
HUBC 68.70 Increased By ▲ 0.70 (1.03%)
HUMNL 5.81 Increased By ▲ 0.05 (0.87%)
KAPCO 28.30 Increased By ▲ 0.20 (0.71%)
KEL 2.28 Decreased By ▼ -0.01 (-0.44%)
LOTCHEM 25.20 Increased By ▲ 0.15 (0.6%)
MLCF 21.77 Increased By ▲ 0.08 (0.37%)
NETSOL 86.50 Increased By ▲ 0.50 (0.58%)
OGDC 99.30 Increased By ▲ 6.92 (7.49%)
PAEL 11.16 Increased By ▲ 0.07 (0.63%)
PIBTL 4.27 Increased By ▲ 0.03 (0.71%)
PPL 83.69 Increased By ▲ 3.54 (4.42%)
PRL 13.62 Decreased By ▼ -0.02 (-0.15%)
SILK 0.94 Increased By ▲ 0.04 (4.44%)
SNGP 45.20 Increased By ▲ 1.73 (3.98%)
TELE 6.23 Increased By ▲ 0.27 (4.53%)
TPLP 15.82 Increased By ▲ 0.09 (0.57%)
TRG 115.60 Increased By ▲ 0.59 (0.51%)
UNITY 14.10 Increased By ▲ 0.25 (1.81%)
WTL 1.22 Increased By ▲ 0.06 (5.17%)
BR100 4,167 Increased By 42.7 (1.04%)
BR30 15,275 Increased By 345 (2.31%)
KSE100 41,600 Increased By 408.8 (0.99%)
KSE30 15,669 Increased By 174.7 (1.13%)
Follow us

Where the previous government had spurred activity in infrastructure and development projects, the same has been missing in Pakistan Tehreek e Insaf’s one year in office.  And it’s no surprise that the main reason has been the evolving nature of China Pakistan Economic Corridor (CPEC). Where previously the focus had been on energy and infrastructure projects, CPEC’s focus is now on industrial and agricultural collaborations and setting up of Special Economic Zone (SEZs).

While there has been no new power projects announced under the present regime, coal is quickly becoming a significant part of the power generation mix as the announced projects under CPEC start to come online. The latest of the early harvest projects has been by Hub Power Company Limited. As per the notice on Pakistan Stock Exchange, the company’s joint venture joint venture - China Power Hub Generation Company (Pvt) Ltd (CPGHC) – with China Power International Holding (CPIH) for a 1320-megawatt(2x660) imported coal-fired power plant achieved the commercial operations date (COD), and has officially started supplying electricity to the national grid. The project’s integrated coal jetty is also operational with first shipment of imported coal coming in December last year.

The project was initially approved in 2014. However, recall that the project though completed in the set time duration had to face bottlenecks as the government decided to back off imported fuel power plants because of excess power generation capacity and related financial repercussions. But the project was among the lucky ones to be restored.

Hubco has also ventured into indigenous coal.  It has acquired 37 percent stake in ThalNova PowerThar (Pvt) Limited through its subsidiary, Hub Power Holdings Limited. Back in 2016, ThalNova was granted a power generation license for setting up a 330-megawatt coal-fired power plant at Thar coal mine. The power company is also constructing a 330-megawatt coal power plant with Thar Energy Limited, and another one with Sindh Engro Coal Mining Company at Thar.

Copyright Business Recorder, 2019

Comments

Comments are closed.

Coal power additions

Intra-day update: rupee continues to appreciate against US dollar

Policy-level talks with IMF begin today

NA clears Trade Dispute Resolution Bill, 2022

Imran optimistic about prospects of ‘jail bharo’ protest

APC will now be held on 9th

Cases in Karachi, Lasbela: IHC asks police not to take action against Rashid

Govt decides to enhance capacity of NEECA

Huge earthquake kills 2,700 in Türkiye, Syria

High-income earners directed to pay 50pc of super tax liability

IR officials deputed at 33 sugar mills in Punjab