Breaking News

Asia Today ISSN 1861-4604 Monday, January 22, 2018


Pakistan to set up $1.51 billion hydropower project in PoK

Timeline of 6 years

Share on Facebook December 30, 2017, Reporter : BNN, Reader : 397


ISLAMABAD, Pakistan - Pakistan has unveiled plans for its massive $1.5 billion hydropower project, with a timeline of six years.

The country announced that the project would be set up on the banks of river Jhelum in Pakistan-occupied Kashmir (PoK).

As per the government’s plans, the project named the Azad Pattan Hydropower Project is expected to be complete by 2022 with the help of foreign funds.

According to the documents with Pakistan’s central power board National Electric Power Regulatory Authority (NEPRA), the project is part of the Pakistan government’s initiative undertaken under the Policy for Power Generation 2002. 

The document at NEPRA noted, “Hydropower contributes about 16 percent of global electricity and Pakistan has 28 percent hydropower in its energy mix. The declining trend in hydropower over the years has been caused by rapidly growing thermal capacity compared with hydropower growth and hydropower, which now accounts for only 28 percent of the total installed capacity of Pakistan.”

Reports noted that authorities have sought an import tariff of Rs 8.05 per kilowatts, but the Central Power Purchasing Agency (CPPA-G) proposed a tariff of Rs 8.50 per unit (kWh) under the NEPRA Import of Power Regulations 2017.

According to local reports, the project will be 75 percent debt, mostly foreign debt, and 25 percent equity. 

The document further revealed that the debt repayment period is set as 18 years, including a six-year grace period. 


More Euro Asia news of the month

Photos ISIS in central Asia: Terrorist group expanded in Pakistan

ISLAMABAD, Pakistan - After facing a deadly defeat in the Middle East, the group, once believed to be the world’s most dangerous...

Photos Christmas worshippers victimized in Pakistan ISIS attack

QUETTA, Pakistan - Pakistan’s restive southwestern city of Quetta in Balochistan province suffered yet another terrorist attack,...

Photos Global terrorist Hafiz Saeed wants to be off the terror list

ISLAMABAD, Pakistan - After Pakistan released the head of the global terrorist organization Jamaat-ud-Dawa (JuD), Hafiz Saeed from house...

Photos No clothes allowed: Paris opens its first nudist eatery

ISLAMABAD - Pakistani police using tear gas and water canon fought running battles with stone-throwing Islamist activists, as they moved...

Photos China, Pakistan to begin second phase of trade talks next week

Lahore [Pakistan], September 9 (ANI):Pakistan Commerce Minister Pervaiz Malik has asked China to revise the existing free trade...

Photos Chinese visas are becoming difficult to get: Pak business community

Karachi [Pakistan], September 02 (ANI): Business community in Pakistan has expressed its concerns over Chinese visa saying that visas...

Photos Flag-hoisting in Islamabad marks Pakistan's 70th Independence Day

Islamabad [Pakistan], Aug.14 (ANI): Pakistan began celebrating its landmark 70th Independence anniversary on Monday with commemorative...

Photos Sharif loyalist Abbasi takes over as new Pakistan PM

Islamabad - Pakistan's parliament elected ruling party loyalist Shahid Khaqan Abbasi as Prime Minister on Tuesday, after Nawaz...

Photos Shamefaced Pakistan PM resigns amid corruption charges

ISLAMABAD, Pakistan - Amid a spiraling corruption probe and following a Supreme Court order to remove him from office, Pakistan’s...

Flying Reimagined

Stock Index

Monday, January 22, 2018

Life Style

Photo Gallery