Eleven new projects included in development of Gwadar

[ghazi52]

Eleven new projects in Gwadar city to be initiated soon would produce 76000 direct jobs.

The 11 new project include development of free zone, new Gwadar International Airport, Gwadar East-Bay Expressway, dredging of berthing areas and channels, construction of breakwater, Pakistan-China friendship hospital, technical and vocational institute, Gwadar smart port city master plan, Bao steel park, petrochemicals, stainless steel and other industries in the city, development of Gwadar University, and upgradation and development of fishing, boat making and maintenance services to protect and promote livelihoods of local population.

The 16 energy projects would also produce 5,0828 jobs while nine Special Economic Zones (SEZs) to be constructed in various parts of the country would produce 1,021,396 direct jobs in the country.

The study said that among the total direct jobs to be generated, a huge chunk of share would go to Pakistani individuals, however it suggested that Pakistani individuals would need more technical training to fulfil their job requirements.

“The crux of the matter for any economy is the mismatch of skills. In which, the work force exists, the positions in the job market are vacant, but, the unemployment rate remains unaffected,” the study said adding “the expertise acquired by the workers are not consistent with the job market.

As a result, there exists a gap between the practitioners and the academics, while the students of today cannot take firm decisions for their career path.

Copyright APP (Associated Press of Pakistan), 2018

 

[ghazi52]

 

[ghazi52]

 

[Xzibitt_]

Is it worth investing there? If so which areas and Housing schemes are worth researching into?

 

[Clutch]

Is it worth investing there? If so which areas and Housing schemes are worth researching into?

Not yet... Too risky. Too many shady operators.

Your own risk to gamble.

 

[ghazi52]

The Gwadar Port Authority has presented its projected demand up to the completion of First Phase of Special Economic Zone as 290 to 300 MW. The demand includes installation of one steel mill, Potential demand on New Gwadar International Airport, estimated demand of Gwadar Port, potential demand of different industrial units and preliminary estimates of Gwadar City. Similarly, a demand forecast study conducted by Quetta Electric Supply Company (QESCO), showing potential increase of 299 MW up to 2020-2021 and 507MW up till 2024-25.

To deal with all the above scenarios, the stakeholders decided to install a 300MW power plant in Gwadar and accordingly handed over this task of power generation to CIHC. After due consideration for the selection of right fuel, CIHC has decided to construct an imported coal base power plant because of non-availability of LNG or natural gas in Gwadar. CIHC also considered using local Coal Fuel for power generation, but the idea was dropped because there simply aren’t enough coal mines in Pakistan.

Another consideration was renewable energy sources such as solar power or wind power, but due to base load requirements, renewable power plants are not suitable for the area. After all these consideration imported coal fired power plant was selected and implementation of project was started.

The cost of electricity generation is approx. Rs 9/kWh, whereas the cost of electricity from a Furnace oil (FO) based power plant is estimated to be around Rs 19/kWh (with FO price at Rs. 78,000/ton). The estimated time for completion of 300MW Coal fired power plant at Gwadar is thirty months from the date of Financial close of the project on fast track basis.

The 300MW Coal Fired Power Plant (CFPP) will have its own benefits which will be cultivated by the local area population as well as the whole country. CIHC is planning to train the local engineers and technicians who can manage the CFPP operation in future, by training them in Pakistan. The other indirect benefits are the availability of power to the SEZ of Gwadar which as mentioned earlier, provide job opportunities to the people of the area. This will not only uplift the socio economic activities of the area but also boost the economy of Pakistan.

The recent power outage in Gwadar showed the necessity of launching this 300MW power project. Moreover, the import of electricity from Iran is strategically unstable and unreliable, technically not suitable for Pakistan(due to mismatch of 60 & 50 Hz frequency). Its tariff is also far too high.

Keeping in view the above mentioned facts, we must realise that 300 MW CFPP project will be a sign of a developed and stable Balochistan. As a nation, we should support such developmental projects in Pakistan and stand for the successful completion of CPEC.

 

[Xzibitt_]

Is there a separate section for invest in properties and housing schemes etc?