UAE to invest $2.5b in coal power plants at Gadani

[ziaulislam]

this is in addition to coal plants being setup by turkey and china

The power plants will have a generation capacity of 1320 megawatt.


The United Arab Emirates will invest two point five billion dollars to establish two coal power plants at Gadani.

A Memorandum of Understanding to this effect was signed in Islamabad today (Wednesday). Managing Director Private Power and Infrastructure Board N.A. Zuberi and Vice Chairman Arab National Construction Holding Faris Tayeb Abdul Rahim Al-Baker signed the MoU.

To be completed in three years‚ the power plants will have a generation capacity of 1320 megawatt.
Radio Pakistan-
The power plants will have a generation capacity of 1320 megawatt.

 

[EyanKhan]

 

[nomi007]

just making fool

 

[wiqi21]

yupie! more projects more jobs

 

[Mir Shahzain]

yupie! more projects more jobs

Allah kare aisa hi ho !!!

 

[A.Rafay]

Baba ji ka thullu mile ga akhir me!

 

[Mir Shahzain]

Baba ji ka thullu mile ga akhir me!

hahahaha

Baba ji ka thullu mile ga akhir me!

Sign pe sign ho rhe hain MoU pe MoU sign ho rha hai kaam pata nahi kab shuru ho ga in pe

 

[Al Bhatti]

March 06, 2014

UAE firm to invest over Dh9bn in Pakistan

ANC to set up two 660 megawatt coal power plants in Baluchistan

UAE-based Arab National Company plans to invest $2.5 billion (Dh9.175 billion) in Pakistan to set up two coal power plants.

A memorandum of understanding was signed between the ANC and the Private Power and Infrastructure Board (PPIB) to set up two 660 megawatt power plants in Gaddani, Baluchistan.

The new power plants will help Pakistan overcome the energy crisis. The Sharif-led government is struggling to meet power requirements in the country by resorting to tapping different sources of energy.

Pakistan has 7th largest country coal reserves in the world with 186 billion tons. Almost all of those reserves are found in the southern desert area of Thar.

Daily The News reported that the company would also construct a jetty along with the construction of the power projects which are expected to be completed in three years.

The MoU signing ceremony was attended by Pakistan Prime Minister Nawaz Sharif and ANC Chairman Tayeb Abdul Rahim Ahmed Al-Baker.

The UAE is one of the biggest investors in Pakistan with investments in telecom, petrochemical, real estate and energy sectors. Bilateral trade between the two countries is estimated at $9 billion (Dh33 billion).

UAE firm to invest over Dh9bn in Pakistan - Emirates 24/7

 

[wiqi21]

Allah kare aisa hi ho !!!

Ameen bro

 

[ajpirzada]

when is all this investment going to come?? i have become skeptical of news items to do with the xyz amount investment coming into pakistan.
if you want anything to come into pakistan, u better focus on improving the regulatory framework within the country. Improve the competition commission and fast track the hearing of business/economics related cases. This going to various countries at the expense of tax payer money and then begging everyone to invest in your country is a great deception. Yes investment returns in pakistan might be higher than elsewhere but so is the risk. and anyone with the knowledge of investment theory will know the incredible role of risk and uncertainity in investment dynamics. im tired of people making fool of themselves.
and when im talking about risk, im not just talking about security risk but also the regulatory, institutional and judicial risk.

 

[ziaulislam]

time frame is 3 years
i know most guy are skepticaal the reason is obvious that all deals happened in PPPP govt as well but problem in PPPP govt was that it was forcing investors to use thar coal whose availbilty was always a question.
people will invest if they are sure about the profits

 

[BATMAN]

Baba ji ka thullu mile ga akhir me!

What do we got to loose?

On topic, govt. has openly invited investment so this news is not unexpected, but i'm not very happy with the rules of investment.
Govt. should always prefer Pakistanis.
I hope govt. will show equal enthusiasm in alternate energy projects.

at the same time in Sindh govt. failed to utilize its allocated budget for power infrastructure development.
Energy projects: PPP government stays short of targeted spending – The Express Tribune

 

[FalconsForPeace]

ANC invests Dh9bn in Pakistan
UAE firm to set up two 660 megawatt coal power plants in Baluchistan

UAE-based Arab National Company plans to invest $2.5 billion (Dh9.175 billion) in Pakistan to set up two coal power plants.

A memorandum of understanding was signed between the ANC and the Private Power and Infrastructure Board (PPIB) to set up two 660 megawatt power plants in Gaddani, Baluchistan.

The new power plants will help Pakistan overcome the energy crisis. The Sharif-led government is struggling to meet power requirements in the country by resorting to tapping different sources of energy.

Pakistan has 7th largest country coal reserves in the world with 186 billion tons. Almost all of those reserves are found in the southern desert area of Thar.

Daily The News reported that the company would also construct a jetty along with the construction of the power projects which are expected to be completed in three years.

The MoU signing ceremony was attended by Pakistan Prime Minister Nawaz Sharif and ANC Chairman Tayeb Abdul Rahim Ahmed Al-Baker.

The UAE is one of the biggest investors in Pakistan with investments in telecom, petrochemical, real estate and energy sectors. Bilateral trade between the two countries is estimated at $9 billion (Dh33 billion).


ANC invests Dh9bn in Pakistan - Emirates 24/7

 

[IceCold]

Any news is good news as long as results start coming. In 2 to 3 years time Pakistan should be able to over come energy crisis or at least this is what Nawaz promised. He has taken initiative in resolving energy crisis, we will see how serious and dedicated he is in time to come.

 

[ziaulislam]

Any news is good news as long as results start coming. In 2 to 3 years time Pakistan should be able to over come energy crisis or at least this is what Nawaz promised. He has taken initiative in resolving energy crisis, we will see how serious and dedicated he is in time to come.

power from gadani will come at best around end of 2017 due to many works like construction of distribution lines , importing coal handling etc.
so best case scenario which govt should achieve if they work seriously is to end load shedding somewhere in 2017