Coal power in Pakistan gets $700 million investment

[UmarJustice]

China and the United Arab Emirates will help Pakistan boost its electricity output by expanding coal power in the country.

Burj Power, a development and advisory firm out of the UAE, inked an agreement with China's Harbin Electric International Co Ltd., which will be the technical lead. The project's price tag will range somewhere between $650 million and $700 million.

The group is building four coal-based power plants all at the Port Qasim capable of 125 megawatts (MW) each. The power could be online as soon as 2016.

Pakistan's state-controlled power producer, Karachi Electric Supply Co, will purchase power from the plants. The purchase agreements are still being negotiated.

Burj Power is also developing some wind power projects in Pakistan.

Harbin has an established base of over 30,000 MWs of thermal power plants and was also the EPC contractor of recently completed Bin Qasim CCPP that is producing 560 MWs for KESC.-PR

Coal power in Pakistan gets $700 million investment | MINING.com

 

[Pakistanisage]

500 MW of electric power will help but we need around 20,000 MW to really makie Pakistan self sufficient in Electric Power.

The only thing that worries me with deals involving UAE is their propensity to bribe people like Zardari which makes the price go up and consequently the rates go up.

Why didn'y we deal directly with the Chinese ?

Maybe because they refuse to bribe Zardari, eh ?

 

[Nishan_101]

China and the United Arab Emirates will help Pakistan boost its electricity output by expanding coal power in the country.

Burj Power, a development and advisory firm out of the UAE, inked an agreement with China's Harbin Electric International Co Ltd., which will be the technical lead. The project's price tag will range somewhere between $650 million and $700 million.

The group is building four coal-based power plants all at the Port Qasim capable of 125 megawatts (MW) each. The power could be online as soon as 2016.

Pakistan's state-controlled power producer, Karachi Electric Supply Co, will purchase power from the plants. The purchase agreements are still being negotiated.

Burj Power is also developing some wind power projects in Pakistan.

Harbin has an established base of over 30,000 MWs of thermal power plants and was also the EPC contractor of recently completed Bin Qasim CCPP that is producing 560 MWs for KESC.-PR

Coal power in Pakistan gets $700 million investment | MINING.com

Its far better to gain gas from it and supply to the rest of Pakistan. More over we should try to explore gas, oil and coal reserves in Punjab, Kashmir, Gilgit, KPK and in Balochistan as well.

 

[darkinsky]

Its far better to gain gas from it and supply to the rest of Pakistan. More over we should try to explore gas, oil and coal reserves in Punjab, Kashmir, Gilgit, KPK and in Balochistan as well.

it looks like punjab doesnt have incredible gas reserves

 

[Argus Panoptes]

Will these power plants use Thar coal or imported coal? What will be the price per unit of the electricity being produced?

 

[AZADPAKISTAN2009]

I don`t like the idea that Pakisatn Electric company will buy power from these plants , the plants are running in Pakistan , its a shame that for 600 Million investment we will have to pay back Billions over years.

Such small projects should be run thru own investment


If 2-3 Billion was used to build Kalabagh damn , we could be getting 1-2 Billion free electricity for masses, I think we need to investigate these last minute deal

The current model will just put a leech on to main cities of Pakistan to drain out funs from reserves

125 MW seems low for amount of money being put in


Zardari is selling off pakistan as he is about to move to UK in few months with his leeches (children)


Both the 45 Billion dollar Condo deal should be investigated what does Pakistan gets out of deals
and this 700 Million power plant project.

These last minutes deal signings before government is ending should be halted and all these contracts should be investigate for review for bribry and payments made in UAE banks

Could these , funds not attained from Pakistani Banks in Pakistan , Pakistani banks have in past hava shown willingness to fund development projects in Pakistan , just that they cannot give 10%

 

[lavrentiy beria]

Why didn'y we deal directly with the Chinese ?

Maybe because they refuse to bribe Zardari, eh ?

Chinese refused to bribe??????????? Are you kidding?

Perhaps you have never seen Chinese companies doing business the world over. They are masters of bribery.

 

[A.Rafay]

Good news. Apart from foreign investment in coal, govt should should also invest in thar coal.

 

[Hyperion]

Actually our immediate shortfall is 5 - 7.5 GW. However, you are correct if you project it over the next decade that's exactly what we need. Maybe more.

These plants, though welcome, won't even put a dent.

500 MW of electric power will help but we need around 20,000 MW to really makie Pakistan self sufficient in Electric Power.

The only thing that worries me with deals involving UAE is their propensity to bribe people like Zardari which makes the price go up and consequently the rates go up.

Why didn'y we deal directly with the Chinese ?

Maybe because they refuse to bribe Zardari, eh ?

 

[Pandora]

China and the United Arab Emirates will help Pakistan boost its electricity output by expanding coal power in the country.

Burj Power, a development and advisory firm out of the UAE, inked an agreement with China's Harbin Electric International Co Ltd., which will be the technical lead. The project's price tag will range somewhere between $650 million and $700 million.

The group is building four coal-based power plants all at the Port Qasim capable of 125 megawatts (MW) each. The power could be online as soon as 2016.

Pakistan's state-controlled power producer, Karachi Electric Supply Co, will purchase power from the plants. The purchase agreements are still being negotiated.

Burj Power is also developing some wind power projects in Pakistan.

Harbin has an established base of over 30,000 MWs of thermal power plants and was also the EPC contractor of recently completed Bin Qasim CCPP that is producing 560 MWs for KESC.-PR

Coal power in Pakistan gets $700 million investment | MINING.com

I hope this is not a way of saying don't develop gawadar port. I find it really strange that UAE and Saudi became active in investment after we handed gawadar port to china.

 

[BATMAN]

^^ Bhai jan, In reality.. Saudi Arabia is pulled back from investing in Pakistan, due to base less propaganda.

At the moment both UAE and Saudis have limited themselves to infrastructure development projects, rather than investing for sake of business.

Look at this new city project:

SHEIKH KHALIFA BIN ZAYED AL NAHYAN CITY OPENED IN BALAKOT, PAKISTAN

Provincial Minister of Irrigation Syed Hussain Shah on behalf of the chief minister and people of KPK extended thanks and gratitude to the UAE for its humanitarian role in providing relief and rehabilitation work

 

[bilawalkhan]

is it would be generating electricity direct from coal or converting it in to diesel and then making electricity out of it. i am asking this because once i heard Samar mubarikmand on this topic

 

[mehboobkz]

Its a good news, but has some contract that has been signed?

 

[problemfreeleader]

PAKISTAN KO BACHAAO
Reko Diq gold mine reserves had already made a number of news in the national media, the issue is a point to ponder for the struggling nations integrity, where gold mines in Baluchistan of worth $260 billion are sold for just couple of millions. The dark part of story is so complex and its all so jumbled up that for a common man it’s hard nut to crack. Few weeks back Supreme Court of Pakistan has taken action and commission has been established under the supervision of Chief Justice Iftikhar Muhammad Chaudhry who ordered Dr. Samar Mubarik to look into the matter and give a brief report about whole situation.It all started in November 2010, when dozens of corporate officials of two largest gold mining group of the world were visiting President Asif Zardari and Yousaf Raza Gillani secretly, away from the radar of national and international media, where they persuaded our corrupt politician to sold these billion dollar worth mines in just peanuts price and when investigators try to solve the mystery, they found everything is so mixed up, documentation is filled with incomplete details, prices are not set with international standards.
The actual amount of gold and copper reserves was never made public to officials of Pakistani government. Even until July this year, when a top level delegation of the Canadian company led by Aaron Regent met Prime Minister Gilani in Islamabad, the PM was told that development of this mega project shall generate a revenue of only about $3.5 billion for Government of Pakistan and $4.5 billion for Government of Baluchistan over 40 years.
But the Canadian company has to report the real value to its own Canadian government agencies every year and on December 31, 2008 it informed these agencies, and its shareholders, that its 37.5 per cent share in Reko Diq would yield 17 million ounces of gold and 20 billion pounds of copper in measured, indicated and inferred resources. And these deposits have to be mined in 25 years, not as PM of Pakistan was told in 40 years. At current prices of these two minerals, the total asset of the Canadian, Chilean and Pakistan government would be over $260 billion and according to former Finance Minister Shaukat Tarin, as the prices of gold and copper go up, the total yield could be even $500 billion or may be a trillion.
The depth of whole story is, it’s the Pakistani nation who should decide about their country`s treasure and funds not bunch of corrupt politician, who have ruined already enough of country`s prestige and integrity in international level. Whenever the mining issues has been granted to the international agencies, national interest should be given priority instead of personal benefits, the leasing agency should give maximum extraction to the host country. In case of Reko Diq gold mine reserves, Pakistan should hold 70-75% of extraction, so that it can help the country to raise up itself and strengthen the national economy.Beside this much valuable piece of land many many other valuable things are still there but still Pakistani dont know about it Thats why india usa is always busy in the instability of Baluchistan wake up before its too late.Reko Diq Gold Mine in Pakistan

 

[tarrar]

Good news but what about Thar coal? Thar coal is asset of Pakistan.