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Gwadar port city development project | News and Updates

Unfortunately for you its a Pakistani newspaper that is rubbing your nose in the shit by pointing out the truth as opposed to the fictional propaganda that is being doled out by the "boys in charge"
you can keep believing the FAKE NEWS as much as you like.

just know not a single Fuk is given whenever an Indian has a comment on CPEC. we can smell your asses burning sitting here.
 
you can keep believing the FAKE NEWS as much as you like.

just know not a single Fuk is given whenever an Indian has a comment on CPEC. we can smell your asses burning sitting here.


That smell
You know what they say
He who smelt it dealt it
 
Construction of Gwadar Shipyard to soon be started: Zubaida

January 27, 2019

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Minister for Defence Production Zubaida Jalal says construction of Gwadar Shipyard will soon be started after fulfilling all legal obligations regarding land acquisition.

She said this during her visit to Gwadar Development Authority in Gwadar on Sunday.

The Minister said the government will make Gwadar Shipyard a source of development and generating revenue for the country.

She said the shipyard is vital for the Gwadar port and it will open up a new era of development in the area
 
Construction of #Gwadar Shipyard to soon be started: defence production minister

Minister for Defence Production Zubaida Jalal said construction of Gwadar Shipyard will soon be started after fulfilling all legal obligations regarding land acquisition.

She said this during her visit to the Gwadar Development Authority in Gwadar.

The minister said the government would make Gwadar Shipyard a source of development and generating revenue for the country.

She said the shipyard was vital for the Gwadar port and it would open up a new era of development in the area.

The Senate Standing Committee on Defence Production in October last year asked the ministry to expedite the completion of Gwadar Shipyard, aimed at facilitating the cargo ships likely to dock at Gwadar port in connection with #China-#Pakistan Economic Corridor (#CPEC).

Terming #Balochistan a future economic zone for economically sound nations, the committee said that the development work in future would herald bulge of employment opportunities for dwellers of the province.

The meeting was informed that the ministry was in constant contact with the Balochistan government while the Gwadar Development Authority had demarcated over 750 acres land for the project.

Secretary Defence Production Lt Gen (R) Muhammad Ijaz Chaudhry said the department would be inviting International tenders and conducting feasibility of the project after getting the final approval of next Policy Board meeting, to be chaired by Prime Minister Imran Khan. He said the shipyard has a potential to absorb the skilled workforce based in Balochistan


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CPPCL to review tariff for 300MW Gwadar coal plant


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KARACHI: CIHC Pak Power Company Limited (CPPCL), developer of 300MW coal-fired power plant in Gwadar, has rejected the engineering, procurement, construction (EPC) stage tariff of Rs6.69/kWh determined by the regulator and urged for review to reconsider the tariff, a document said.

CPPCL had proposed a 30-year levelised tariff of Rs8.91/kWh for the power plant being setup at a cost of $542.36 million.

In a review petition, CPPCL contended that National Electric Power Regulatory Authority (Nepra), unilaterally reduced Return on Equity (RoE) from 17 percent to 14 percent justifying that the overall country risk came down and the need for power projects has reduced over time.

CPPCL noted that country risk was depicted by macroeconomic, indicators such as foreign exchange reserves, current account balance, and reserves adequacy, GDP growth etc, all of which were trending negatively since 2014.

Highlighting the fundamentals of Pakistan’s economy, CPPCL noted mere addition of power to the grid does not itself bring down the overall country risk, as total debt and liabilities have increased from Rs17.4 trillion in 2014 to Rs28.4 trillion in 2018; current account deficit has increased from $3.13 billion in 2014 to $18.13 billion in 2018; and foreign exchange reserves have reduced from $13.5 billion in 2015 to $9.89 billion in 2018.

It added credit rating at the start of 2015 by Fitch and Moody's was B and B3 respectively, which was considered a highly speculative country to invest in. The credit rating provided by Fitch and Moody's recently is B- and B3 respectively, which still falls under highly speculative category for investment.

The review petition also noted that the project was situated in a high risk zone, and the CSR requirements imposed on the company further justified the need for a higher return.

“In light of the above, we feel that the authority may kindly reconsider its decision on the matter and approve the return sought by the company of 17 percent,” it said.

CPPCL further contended that Nepra had used EPC cost signed by Jamshoro coal-fired power project as the benchmark for evaluating EPC cost of their project. “A 150 MW unit project cannot be compared to a 660MW unit project as there is a significant escalation in terms of per MW costs for the former over latter,” it said.

CPPCL submitted the authority completely ignored the fact that the EPC cost was arrived at through a transparent and competitive bidding process. “Jamshoro plant should not be used as a benchmark and the number arrived at through a transparent bidding process as per Nepra guidelines should be used to arrive at the EPC cost of the project.”

Nepra disapproved black start generator cost of $10.8 million on the premise. “NEPRA should note that unlike other projects, CPPCL’s project requires black start generator facility as the local grid is isolated, unreliable and erratic. In case of a shut-down, plant will be restarted through self-generated power, failing which it will be at risk of penalties,” the review application noted.

While accepting the need for a desalination plant, Nepra has disallowed the rental, installation and dismantling of the desalination plant, which needs to be reconsidered, it added. CPPCL noted that the authority had disallowed several incremental costs on the premise, which also needs to be reconsidered.

According to the review application, the authority did not clarify whether non-adjustable sales would be included in the project cost or it be would allowed as a pass-through item to be recovered from Central Power Purchasing Company (CPPA).

Sponsors of the 300MW coal-fired plant in Gwadar have requested a clarification in this regard. CPPCL has also sought adjustment on account of overhaul and maintenance (O&M) costs.
 
CPHGC build a floating fisher jetty for local fishermen . Today CPHGC hold a ceremony and transfer the jeety to GOB.

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Construction work on Gwadar airport to begin in April 2019

The spadework for construction of Gwadar International Airport measuring 4,300 acres and costing $246 million has, now, been completed, and both the Pakistani and the Chinese authorities are currently engaged to sort out modalities to initiate construction work in April this year, sources told The News here on Sunday.

“Currently, the Joint Coordination Committee (JCC) comprising the Pakistani and the Chinese officials look forward to initiate work on the Gwadar Airport in March as the feasibility study of the project has been completed, reviewed and approved by the competent authorities,” the sources said.

According to the latest official record, the design and work plan has been approved and the construction work would be started in 1st quarter of 2019. The soil testing on the land that began in January 2018 has been completed through 300 boreholes made on various locations.
 
Construction work on Gwadar airport to begin in April 2019

The spadework for construction of Gwadar International Airport measuring 4,300 acres and costing $246 million has, now, been completed, and both the Pakistani and the Chinese authorities are currently engaged to sort out modalities to initiate construction work in April this year, sources told The News here on Sunday.

“Currently, the Joint Coordination Committee (JCC) comprising the Pakistani and the Chinese officials look forward to initiate work on the Gwadar Airport in March as the feasibility study of the project has been completed, reviewed and approved by the competent authorities,” the sources said.

According to the latest official record, the design and work plan has been approved and the construction work would be started in 1st quarter of 2019. The soil testing on the land that began in January 2018 has been completed through 300 boreholes made on various locations.
From Last about 24 months its construction to be started from next 2,3 months :). A week ago news was its construction will begin in March and now its April. May God Help us to build port city
 
Al Qasim Pvt ltd. Has installed LPG Terminal at Gwadar port

Al Qasim Pvt ltd. Has installed LPG Terminal and holding facility at birth # 3 at Gwadar port the land has been provided by Gwadar International Terminal Limited (GITL) under the mutual agreement.

Al Qasim Gas Pvt Ltd. has completed the installation of LPG Terminal in record time. The terminal will start functioning in very near future which will bring prosperity in the region and whole country up till northern areas being the first commercial project completed at Gwadar port. The people of area have thanked Al Qasim Gas Pvt Ltd. to provide jobs opportunities to the locals of Gwadar.
 
Chinese team due in Pakistan to finalise CPEC projects

A team of Chinese socio-economic development experts will visit Pakistan in the last week of February to finalise the projects and their sites in already agreed six different areas under the China-Pakistan Economic Corridor (CPEC).

This was disclosed by a spokesperson for the Ministry of Planning, Development, and Reform on Saturday.

The spokesperson, in a statement, also clarified a news item published in a section of press regarding delays in implementation of CPEC, saying that none of the projects is facing delay; rather Pakistan and China are in agreement on the future trajectory of CPEC and timely completion of its ongoing projects.

For future, he said, joint efforts are underway, focusing on socio-economic development and accelerating cooperation in industrial development as well as agriculture.

The MoU on the formation of Joint Working Group (JWG) on socio-economic development and on poverty reduction was signed during the prime minister’s visit to China in November this year, the spokesman added.

On Gwadar, he said, Pakistan and China have agreed to speed up the progress on the port and its auxiliary projects. The groundbreaking of New Gwadar Airport, vocational institute, and hospital are planned in the first quarter of this year. Gwadar Master Plan is in the final stages of formulation.
 
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