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Danish wind turbine Vestas notches 3 new agreements in a week

COPENHAGEN: Danish wind turbine producer Vestas has signed three new deals in Poland, Turkey and Mexico over the past week. The 99 MW deal for La Mesa and Ciudad Victoria wind power farms located in Tamaulipas, Mexico is the second order that Vestas has signed in Tamaulipas this month, in addition to the Tres Mesas project announcement on May 8. “Only ... Read More »

10,400MW more electricity in 4 years as PM signs power projects in China

ISLAMABAD: Pakistan will soon overcome power crisis as 10,400 megawatt electricity would be added to the national grid during the next three to four years. This was stated by Prime Minister’s spokesman Dr Musadik Malik, while giving an interview. He said that Prime Minister Nawaz Sharif had signed several power projects in China that would help improve the availability of ... Read More »

Power tariff may up by 52 paisa/kwh as Discos seek hike

ISLAMABAD: For September, Nepra is expected to permit a further hike of 52 paisa per kilowatt hour, in the tariff of ex-Wapda distribution companies (Discos). The figures provided by the Central Power Purchasing Agency say that a total of 9125 Gigawatts hours (Gwh) electricity was generated during the month of September, while 8,934.91 (GWh) electricity was delivered to Discos worth ... Read More »

China to start 10,400 MW power projects in Pakistan

ISLAMABAD: China is starting 10,400 MW power generation projects in Pakistan and an agreement will be signed next month in this regard. Minister for Water and Power Khawaja Muhammad Asif said this while addressing a news conference. He said a Pakistani delegation will also visit China for completing work on the process of these projects, which include hydel, wind and ... Read More »

Chinese assistance for economic corridor not loans: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that the Chinese assistance to Pakistan under ‘China Pakistan Economic Corridor’ was not loans but foreign direct investment (FDI). “Today there is a mad race among all countries to attract maximum FDI for higher growth rates. Energy projects with Chinese assistance were a source of oxygen for our ... Read More »