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Tag Archives: power sector

Egypt’s 5 banks gives $521m loan to support power sector

CAIRO: Five banks have reached a final agreement on their shares in a US$521 million loan to support Egypt’s electricity sector, chairman of the loan arranger Banque Misr told Amwal Al Ghad on Sunday. Mohamed Eletreby – Chairman of Banque Misr – said the banks contributing to the state-owned Egyptian Electricity Holding Company ( EEHC )’s syndicated loan will sign ... Read More »

Philippines to set up 17 coal stations by 2020

LUZON: The Philippines government has planned to set up 34 new power projects including 17 coal projects in Luzon from 2014 to 2020, which would help in enhancing the power sector of the country. Prospective coal power plants, according to the data, will generate over 10,000 megawatts of electricity until 2020. Around 14 committed coal plants with a total capacity ... Read More »

Lucrative tariff: PakGen considering switching 365MW power plant to coal

ISLAMABAD: What can be described as lucrative tariff offered by the Nepra recently, Independent Power Producer Pakgen Power limited is mulling to convert its furnace-fired 365 MW power plant into coal-fired to get benefit of one of the most lucrative coal based tariff. The Nepra has, recently, announced a lucrative tariff for power generation from coal-fired plants to attract fresh ... Read More »

Premier awards ‘Privilege cards’ to top taxpayers

ISLAMABAD: The Prime Minister Muhammad Nawaz Sharif handed over the Privilege Cards to top 100 taxpayers of different categories at Prime Minister’s office Auditorium. The cards will be valid for one year. As per details, the ceremony was also attended by Mr. Ishaq Dar, Finance Minister and Chairman Federal Board of Revenue (FBR), Mr. Tariq Bajwa. The scheme has been ... Read More »