Sulman Badshah
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Cherat Cement to set up new plant in Nowshera
AUGUST 6, 2014 11:10 AM
In order to increase cement production, Cherat Cement Company Limited is all set to set up a cement manufacturing plant in Nowshera at a cost of Rs 12 billion with a capacity to produce 1,300,000 tons cement per annum. Keeping in view the expected rise in the domestic demand of cement, the company has decided to install another production plant at its existing site in Nowshera, Khyber Pakhtunkhwa.
According to a notice sent to Karachi Stock Exchange (KSE), the plant will be acquired from M/s Tianjin Cement Industry Design and Research Institute Company Limited (TCDRI). The TCDRI is the largest cement plant manufacturer in China and has wide experience of installing cement plants world-wide and also in Pakistan. The plant will have a production capacity of over 1,300,000 tons per annum.
The new line is expected to be commissioned in 30 months time. The term loan for the project has been arranged and the letter of credit for the import of the foreign component has been established by the company. The total cost of the project is approximately Rs 12 billion.
As per All Pakistan Cement Manufacturers Association (APCMA ), increase in construction activities has pushed up cement demand at local level, as cement dispatches were recorded at about three million tones during the last four months. Market experts attributed the strong growth to pre-Ramadan rush of the private sector to complete projects, a more concerted effort from the cement industry to boost domestic sales before the fiscal year ends and peak demand from the Rawalpindi-Islamabad Metro Bus project is also a reason of increasing demand.
Experts anticipated similar volumetric trend in FY15 where domestic sales are likely to grow by 4-5 percent with key government projects like Metro Bus project which is expected to be completed by end of 2014 and Khanki barrage expected to boost domestic growth in 1HFY15
Construction of 14 power projects approved by China
AUGUST 8, 2014 5:52 AM
Chinese government approved the immediate execution of 14 power projects that will generate upto 10,400 megawatts (MW) of electricity, work on which will be started immediately and put into operation by the year 2017-2018.
Congratulating his energy and economic team on approval of the Chinese government for constructing 14 power projects, Prime Minister Nawaz Sharif said that this gesture of the Chinese government manifests the deep cordial relations the country has with Pakistan as well as showing the confidence of the international community in the policies of government.
Expressing his pleasure over the fact that Memorandum of Understandings (MoUs) that Pakistan had signed with China in the recent past are now being translated into on-ground projects, the premier expressed the confidence that this massive addition to the power sector of the country would prove immensely beneficial in overcoming electricity shortage.
Nawaz said that the move is a part of the government’s energy road map which aims at ensuring provision of cost effective electricity to the masses.
Our desire and focus is on removing unemployment, eliminating power shortage and bringing economic prosperity and we will stay the course, said premier.
The projects that were approved for the immediate execution by the Chinese government include:
1. Port Qasim (Coal Fired) 1320 MW
2. Sukki Kanari (Hydropower) 870 MW
3. Sahiwal (Coal Fired) 1320 MW
4. Engro Thar (Coal Fired- Mining of Block 2) 660 MW
5. Muzafargarh (Coal Fired) 1320 MW
6. Gwadar (Coal fired) 300 MW
7. Quaid-e-Azam Solar Park (Cholistan) 1000 MW
8. United Energy (Wind power, Karachi) 100 MW
9. Dawood (Wind power, Karachi) 50 MW
10. Sachal (Wind power) 50 MW
11. Sunnec (Wind power) 50 MW
12. Rahimyar Khan (Coal fired) 1320 MW
13. SSRL Thar (Coal fired) 1320 MW
14. Karot (Hydropower) 720 MW
In addition to above mentioned power projects, a few other power generation projects totaling to 6,445 MW which would be completed in the second phase on fast track basis.
AUGUST 6, 2014 11:10 AM
In order to increase cement production, Cherat Cement Company Limited is all set to set up a cement manufacturing plant in Nowshera at a cost of Rs 12 billion with a capacity to produce 1,300,000 tons cement per annum. Keeping in view the expected rise in the domestic demand of cement, the company has decided to install another production plant at its existing site in Nowshera, Khyber Pakhtunkhwa.
According to a notice sent to Karachi Stock Exchange (KSE), the plant will be acquired from M/s Tianjin Cement Industry Design and Research Institute Company Limited (TCDRI). The TCDRI is the largest cement plant manufacturer in China and has wide experience of installing cement plants world-wide and also in Pakistan. The plant will have a production capacity of over 1,300,000 tons per annum.
The new line is expected to be commissioned in 30 months time. The term loan for the project has been arranged and the letter of credit for the import of the foreign component has been established by the company. The total cost of the project is approximately Rs 12 billion.
As per All Pakistan Cement Manufacturers Association (APCMA ), increase in construction activities has pushed up cement demand at local level, as cement dispatches were recorded at about three million tones during the last four months. Market experts attributed the strong growth to pre-Ramadan rush of the private sector to complete projects, a more concerted effort from the cement industry to boost domestic sales before the fiscal year ends and peak demand from the Rawalpindi-Islamabad Metro Bus project is also a reason of increasing demand.
Experts anticipated similar volumetric trend in FY15 where domestic sales are likely to grow by 4-5 percent with key government projects like Metro Bus project which is expected to be completed by end of 2014 and Khanki barrage expected to boost domestic growth in 1HFY15
Construction of 14 power projects approved by China
AUGUST 8, 2014 5:52 AM
Chinese government approved the immediate execution of 14 power projects that will generate upto 10,400 megawatts (MW) of electricity, work on which will be started immediately and put into operation by the year 2017-2018.
Congratulating his energy and economic team on approval of the Chinese government for constructing 14 power projects, Prime Minister Nawaz Sharif said that this gesture of the Chinese government manifests the deep cordial relations the country has with Pakistan as well as showing the confidence of the international community in the policies of government.
Expressing his pleasure over the fact that Memorandum of Understandings (MoUs) that Pakistan had signed with China in the recent past are now being translated into on-ground projects, the premier expressed the confidence that this massive addition to the power sector of the country would prove immensely beneficial in overcoming electricity shortage.
Nawaz said that the move is a part of the government’s energy road map which aims at ensuring provision of cost effective electricity to the masses.
Our desire and focus is on removing unemployment, eliminating power shortage and bringing economic prosperity and we will stay the course, said premier.
The projects that were approved for the immediate execution by the Chinese government include:
1. Port Qasim (Coal Fired) 1320 MW
2. Sukki Kanari (Hydropower) 870 MW
3. Sahiwal (Coal Fired) 1320 MW
4. Engro Thar (Coal Fired- Mining of Block 2) 660 MW
5. Muzafargarh (Coal Fired) 1320 MW
6. Gwadar (Coal fired) 300 MW
7. Quaid-e-Azam Solar Park (Cholistan) 1000 MW
8. United Energy (Wind power, Karachi) 100 MW
9. Dawood (Wind power, Karachi) 50 MW
10. Sachal (Wind power) 50 MW
11. Sunnec (Wind power) 50 MW
12. Rahimyar Khan (Coal fired) 1320 MW
13. SSRL Thar (Coal fired) 1320 MW
14. Karot (Hydropower) 720 MW
In addition to above mentioned power projects, a few other power generation projects totaling to 6,445 MW which would be completed in the second phase on fast track basis.
