AGL 5.77 Decreased By ▼ -0.31 (-5.1%)
ANL 9.01 Decreased By ▼ -0.39 (-4.15%)
AVN 78.40 Decreased By ▼ -3.06 (-3.76%)
BOP 5.16 Decreased By ▼ -0.11 (-2.09%)
CNERGY 4.66 Decreased By ▼ -0.24 (-4.9%)
EFERT 80.54 Decreased By ▼ -1.01 (-1.24%)
EPCL 51.97 Decreased By ▼ -2.03 (-3.76%)
FCCL 13.59 Decreased By ▼ -0.81 (-5.63%)
FFL 5.87 Decreased By ▼ -0.18 (-2.98%)
FLYNG 7.09 Decreased By ▼ -0.47 (-6.22%)
FNEL 4.82 Decreased By ▼ -0.18 (-3.6%)
GGGL 8.89 Decreased By ▼ -0.43 (-4.61%)
GGL 15.89 Decreased By ▼ -0.81 (-4.85%)
HUMNL 5.83 Increased By ▲ 0.14 (2.46%)
KEL 2.60 Decreased By ▼ -0.19 (-6.81%)
LOTCHEM 29.94 Decreased By ▼ -0.61 (-2%)
MLCF 25.40 Decreased By ▼ -2.39 (-8.6%)
OGDC 72.23 Decreased By ▼ -1.77 (-2.39%)
PAEL 15.42 Decreased By ▼ -0.77 (-4.76%)
PIBTL 5.03 Decreased By ▼ -0.20 (-3.82%)
PRL 16.37 Decreased By ▼ -0.92 (-5.32%)
SILK 1.09 No Change ▼ 0.00 (0%)
TELE 9.60 Decreased By ▼ -0.44 (-4.38%)
TPL 7.30 Decreased By ▼ -0.40 (-5.19%)
TPLP 19.18 Decreased By ▼ -0.59 (-2.98%)
TREET 21.93 Decreased By ▼ -1.26 (-5.43%)
TRG 144.54 Decreased By ▼ -2.81 (-1.91%)
UNITY 16.60 Decreased By ▼ -0.59 (-3.43%)
WAVES 10.01 Decreased By ▼ -0.37 (-3.56%)
WTL 1.36 Decreased By ▼ -0.10 (-6.85%)
BR100 4,230 Decreased By -100.1 (-2.31%)
BR30 15,822 Decreased By -474.4 (-2.91%)
KSE100 42,071 Decreased By -832.3 (-1.94%)
KSE30 15,504 Decreased By -300.7 (-1.9%)
Pakistan

PM inaugurates China Hub Power Generation Plant in Balochistan

Power plant will generate 1,320 megawatts of electricity. PM says by utilizing coal from local mines, the powe
Published October 21, 2019
Follow us
  • Power plant will generate 1,320 megawatts of electricity.
  • PM says by utilizing coal from local mines, the power plant will be able to generate low-cost electricity.
  • China is providing help and cooperation in fisheries and agriculture sectors that will help boost our economy: Imran Khan.

(Karachi) Prime Minister Imran Khan has inaugurated the Coal-fired Hub Power Generation Plant on Monday. The plant has been established under the China-Pakistan Economic Corridor Project (CPEC) and will generate 1,320 megawatts of electricity.

Addressing the participants at the inaugural ceremony in Balochistan’s Hub area, he said this is the first joint project under CPEC and we want to see the pattern in future too.

He pointed out that by utilizing coal from local mines, the power plant will be able to generate low-cost electricity.

Imran Khan maintained that when the cost of electricity goes up so do the prices of essential items.

He said there are 185 tons of coal reserves in Pakistan. “If we increase our productivity then we could rescue the country out of the current crisis.”

He congratulated the Hubco Chairman Habibullah Khan on the project and asked him to use more indigenous coal for the project.

Imran Khan said Balochistan is the province that is full of rich mineral deposits. He said during his visit to the US chairman of company previously working on Rekodik project informed him that Pakistan has one of the largest and finest quality gold reserves in the world.

The PTI Chairman said they are still interested in working on the reserves as they believe that incumbent government of Pakistan is free of corruption. In past, a small group of people plundered the national wealth and filled their pockets.

The prime minister said apart from mineral resources, the province of Balochistan is also blessed with huge fisheries resources and its development can help earn valuable foreign exchange. Imran Khan said, “China is providing help and cooperation in fisheries and agriculture sectors that will help boost our economy.”

Imran Khan said PTI government inherited a record debt which led to more inflation, devaluation of rupee and other challenges. However, difficult decisions were made which have started yielding positive results.

The PM said we have to give clean governance to our country for the future generations.

He stated, "We are committed to mobilize the youth of the country for national development. The youth are the biggest asset of Pakistan and government will give them skills training to work in various sectors." He said centers of artificial intelligence, robotics and other modern fields are being opened to prepare our youth for the modern work requirements.

Balochistan Chief Minister Jam Kamal also spoke on the occasion.

The government had approved the processing of 1,320MW imported coal-based power project at Hub in November 2014 and the joint venture of Hubco and CPIH was issued letter of intent in June 2015.

The National Electric Power Regulatory Authority (Nepra) had approved the upfront tariff for the power project in February 2016.

The Joint Cooperation Committee (JCC) of the CPEC included a 660MW unit of the project in the list of ‘priority projects’ and the remaining 660MW in ‘actively promoted projects’ under CPEC framework agreement of Nov 8, 2014.

The Pakistani principal of the project — Hubco — currently produces over 2,920MW through its four plants spread over Balochistan, Punjab and Azad Kashmir. Hubco is the only power producer in Pakistan with four projects listed in the CPEC, out of which three are under construction — Thar Energy Limited, Thalnova Power Thar (Pvt) Ltd and Sindh Engro Coal Mining Company — at Thar Block II.

Comments

Comments are closed.

PM inaugurates China Hub Power Generation Plant in Balochistan

IMF, govt begin virtual engagement

Army’s role restricted to constitutional mandate: Bajwa

A democratic Pakistan is in Washington’s own interest: State Dept

Dar willing to allow sugar export?

Terrorism case: ATC extends interim bails of IK, others till Dec 9

Presidential Reference on Reko Diq project: SC to announce short order next week

Tax-exempted areas: FBR sets up checkposts to monitor supplies

Nepra decides to grant QASPPL micro-grid licences

TTP ends ceasefire, orders nationwide attacks

Saudi unveils plan for massive new airport in capital