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And now Punjab government's Solar power project flops !

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PPP se aek , Steeles mills chalti nahi mulk kiya chalain ge
10 sal se underperform ker rahi hai steeles mills
 
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Landmark deal seals finance of Thar coal mine


KARACHI: A landmark agreement was signed on Monday to finance Pakistan’s first open-pit coal mine in the natural-resource rich Tharparkar district, which boasts holding 180 billion tons of coal.

A consortium of local banks that include HBL, UBL and Bank Alfalah will lend $500 million (Rs50 billion) – one of the largest project financing deals in recent years – to Sindh Engro Coal Mining Company (SECMC), a joint venture between Sindh government and five private companies.

This agreement is part of the $2-billion project, which includes a mine with a capacity to produce 3.8 million tons a year of coal and a 660MW coal-based power plant.

This has all but sealed the project’s financial close, which is expected to be finalised in the next two months.

“When we started work on Thar coal, no one believed in our ability to achieve the target,” said Sindh Chief Minister Syed Qaim Ali Shah, addressing a ceremony held for inking three key agreements related to the project.

“There were doubts about quality of coal. Even Prime Minister (Nawaz Sharif) was in doubt. But we persisted, took coal samples to Berlin where experts verified its quality. Eventually the Prime Minister backed us.”

The other two documents included the Master Shareholder Agreement between Engro, House of Habib’s Thal Limited, Hub Power Company, HBL Bank and China Machinery Engineering Corporation. This agreement covers common equity subscription of SECMC by the five private sponsors.

The other one is the implementation agreement between SECMC and the Sindh government, which also holds majority stake in the company.

SECMC CEO Shamsuddin Shaikh said work on the mine and power plant will be completed by 2018. “It has been almost eight years and people everywhere asked me ‘when are we going to see the coal?’ Well I can now say we’ll see that very soon.”

With the western banks unwilling to back a coal mine in Pakistan, the project wouldn’t have been possible without government’s sovereign guarantee, he said.

“And let me assure everyone that when it comes to emissions, we will follow the guidelines of the World Bank and IFC.”

Debt from local banks has been raised at an interest rate of Kibor plus 1.7% whereas Chinese lenders have agreed at terms of Libor plus 3.3%.

Hussain Dawood, the chairman of Dawood Hercules, which in turn controls Engro and Hubco, thanked Chinese banks and companies for taking part in the project, which was abandoned by other international lenders.

The electricity shortage in the country along with technological advancement taking place will increase demand for power in coming years, he said.

Asked why Dawood Group exposed itself to a risky project that remained dormant for so many years, Hussain said sometimes an investor has to take a step, which might initially appear “illogical.”

“Say, if I had put the money in textiles … fine I would have increased exports a bit. But what would that textile unit do if there is no energy?”

The realisation of needing urgent megawatts is not lost on him. No wonder then that even at the important ceremony held at a local hotel and amid all dignitaries, he reminded them that they had faced three outages in a span of two hours.

The project’s total debt component is of $1.5 billion, out of which $800 million will be financed by Chinese banks including China Development Bank and Industrial and Commercial Bank of China. Another $200 million will be arranged by the Chinese contractor of the power plant.

SECMC’s sponsors have contributed equity of $500 million.

Published in The Express Tribune, August 18th, 2015.
 
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LOL look at the videos above and look at the response of pig meat keemay walay naan eater patwaris.

PPP added more than 3000 MW in the system from 2008 to 2012.

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I've already provven to you and everyone that PPP added ZERO to the grid. What PPP did was use what was existing, adding to the national debt considerably, to pay for the electricity generation, it did NOT add additional power to the grid at all.
 
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+ NADI poor power project is just being , handed over to different company for management
in large multi million dollar project this sometimes happens , Natural process

+ Qauid-e-Azam , power plant is providing free round the year electricity to zero dollar extra
expense to national treasury 1000 MW will provide , FREE electricity yearly to Pakistan

+ CPEC we all have seen how much $$$ is coming into Pakistan (42 Billion investment)
PPP ne kitne investment liye thi when they had government ??? Don't remember


PPP , the only thing they have contributed is
a) Load sheding
b) Opposition to building Kala Bagh dam
c) Target killings in Sindh


Sindh gets one flood and all the cheap PPP projects get washed away every year
1... acha to ap ko lagta hay cpec ap ki hakumat ki waja say aaya

PPP , the only thing they have contributed is
a) Load sheding

(ppp nay nahi khatam ki tu ab bhi kia loadsheding nahi ho rahi ????)

b) Opposition to building Kala Bagh dam (abhi bhi kala bagh dam ban gaya hay shayad :sick: par kahin nazar nahin arha mjhy :sarcastic:)
c) Target killings in Sindhb (bhala ho rangers ka jis nay hamain bachaya na k abid sher ali nay :omghaha::omghaha:)
 
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Screen%20Shot%202015-08-18%20at%2018.55.22_zpskuozgzlz.png


Screen%20Shot%202015-08-17%20at%2023.48.29_zpszrnvkj4d.png



Landmark deal seals finance of Thar coal mine


KARACHI: A landmark agreement was signed on Monday to finance Pakistan’s first open-pit coal mine in the natural-resource rich Tharparkar district, which boasts holding 180 billion tons of coal.

A consortium of local banks that include HBL, UBL and Bank Alfalah will lend $500 million (Rs50 billion) – one of the largest project financing deals in recent years – to Sindh Engro Coal Mining Company (SECMC), a joint venture between Sindh government and five private companies.

This agreement is part of the $2-billion project, which includes a mine with a capacity to produce 3.8 million tons a year of coal and a 660MW coal-based power plant.

This has all but sealed the project’s financial close, which is expected to be finalised in the next two months.

“When we started work on Thar coal, no one believed in our ability to achieve the target,” said Sindh Chief Minister Syed Qaim Ali Shah, addressing a ceremony held for inking three key agreements related to the project.

“There were doubts about quality of coal. Even Prime Minister (Nawaz Sharif) was in doubt. But we persisted, took coal samples to Berlin where experts verified its quality. Eventually the Prime Minister backed us.”

The other two documents included the Master Shareholder Agreement between Engro, House of Habib’s Thal Limited, Hub Power Company, HBL Bank and China Machinery Engineering Corporation. This agreement covers common equity subscription of SECMC by the five private sponsors.

The other one is the implementation agreement between SECMC and the Sindh government, which also holds majority stake in the company.

SECMC CEO Shamsuddin Shaikh said work on the mine and power plant will be completed by 2018. “It has been almost eight years and people everywhere asked me ‘when are we going to see the coal?’ Well I can now say we’ll see that very soon.”

With the western banks unwilling to back a coal mine in Pakistan, the project wouldn’t have been possible without government’s sovereign guarantee, he said.

“And let me assure everyone that when it comes to emissions, we will follow the guidelines of the World Bank and IFC.”

Debt from local banks has been raised at an interest rate of Kibor plus 1.7% whereas Chinese lenders have agreed at terms of Libor plus 3.3%.

Hussain Dawood, the chairman of Dawood Hercules, which in turn controls Engro and Hubco, thanked Chinese banks and companies for taking part in the project, which was abandoned by other international lenders.

The electricity shortage in the country along with technological advancement taking place will increase demand for power in coming years, he said.

Asked why Dawood Group exposed itself to a risky project that remained dormant for so many years, Hussain said sometimes an investor has to take a step, which might initially appear “illogical.”

“Say, if I had put the money in textiles … fine I would have increased exports a bit. But what would that textile unit do if there is no energy?”

The realisation of needing urgent megawatts is not lost on him. No wonder then that even at the important ceremony held at a local hotel and amid all dignitaries, he reminded them that they had faced three outages in a span of two hours.

The project’s total debt component is of $1.5 billion, out of which $800 million will be financed by Chinese banks including China Development Bank and Industrial and Commercial Bank of China. Another $200 million will be arranged by the Chinese contractor of the power plant.

SECMC’s sponsors have contributed equity of $500 million.

Published in The Express Tribune, August 18th, 2015.
hahahaha QAIM ALI SHAH KA MOU DAIKHO OR BATAIN :omghaha:

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oo bhai tjhy 1 thread diya hoa hay na wahin jakay ye manjan baich is thread ko kharab na kar

waisy bhi tery thread par tery ilawa koi nahi aata :omghaha::omghaha::omghaha:
 
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LOL look at the videos above and look at the response of pig meat keemay walay naan eater patwaris.


Listen carefully you anal retentive piece of sphincters puss, instead of writing propaganda tripe learn to bring facts forward. However this action is extremely difficult to achieve in your case, because your upbringing was borne from the cesspit of pigs dirt. Now like a good little chura clap your hands and serve some tea to your aristocratic masters in Sindh, before they bring out the whip.
 
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PPP added more than 3000 MW in the system. Started many projects.
PPP added 3000 million = 3 billion dollars to Zardari account.

love all these new PPP posters of two dead bhuttos and Zardari jr. Hey @ Qalandari why no pics of Zardari in ppp posters
 
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PPP added more than 3000 MW in the system from 2008 to 2012.

I totally agree. That "system" was inside Zurich in a Swiss bank though, which requires a bio-metric finger print verification from Zardari (and their other international customers), before they can enter the building.

By the AMOUNT of that Power was different, it was NOT 3000 MW, it was 2000 MD (Million Dollars). Zardari has done more work than anyone in Pakistan's history, but for himself and alone. His net worth (through stealing and corruption) is estimated to be over $ 5 billion. Go figure!!!

Now lets look at your Baji's bogus claims made in June 2013

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A buddy of mine once told me, if your chicken goes and effs everyone on the block, you can't blame the eggs to come out bad....similarly, your Zardari idiot, for corruption purposes, kept very complex and expensive machinery under bad humidity. The machinery has serious defects. Unlike Zardari, no one did corruption here. They simply installed the machinery and kept giving out dates as good news.

But when a machine stops after running and there are no sensors providing input as to why something stopped...you can't really know what's wrong with it. This humidity has gone inside majority of the machines (and turbines at that), and has causes small little parts to fail. Which, for those of you know how turbines work, would stop the entire plant. The turbines are the engine to produce the electricity.

So after constantly doing patch work, now you are at a stage where you are going like, what the hell do we do? Well, it'll take a while to overhaul all turbines which stayed under salt water humidity around the port.
But, outside of the length and money it took due to Zardari's drama for corruption, I've not seen ANY report that blames corruption on anyone.

The current government has been using transparency international and Ferguson, and some KPMG for taxation purposes. They use Indian auditors who are very good at what they do. Trust me, if there was corruption, it would've been out by now. If not from Pakistan, from these companies head quarters in US, UK and from the WB.

By the way, this isn't a failed project in terms of corruption or wrong ideas, etc. This project was supposed to be a success had the machinery not gotten humidity inside of it. Just like a new car that sat on the beach for a year, no mechanic would open up the engine thinking the engine is rusty. This is something you deal with and later realize. And the credit or the blame goes to the Master-Thief Zardari, hands down.

By the way, in the future, be ready to see some failures too. Project's aren't success and there is a big 20-25% of projects that fail. Doesn't mean Zarari style each time (corruption), there are other reasons for projects to fail and it happens all the time.

The following is a link from CIO magazine who does research. Its posted on CNET:
62 percent of IT projects fail. Why? - CNET
 
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