Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Pakistan signs agreements with China to generate 8,320MW power to overcome loadshedding by end of 2017

byCustoms Today Report
25/04/2015
in Business
Share on FacebookShare on Twitter

ISLAMABAD: Water and Power Minister Khawaja Asif has given a clean chit to the top officials of different energy departments over allegations that they demanded kickbacks and commissions from investors.

“I had documentary proof against three power projects and went to court and you should also do the same,” he suggested while addressing a press conference on Friday.

You might also like

Pakistan faces challenges to expand public services as Oxfam warns of rising inequality in Asia

10/10/2026

Weekly inflation rises 0.57 percent

09/10/2026

Responding to a question regarding demand of kickbacks by top official of the Alternative Energy Development Board (AEDB) from the investors, Khawaja Asif got upset and asked journalists to move to court as he had gone to the Supreme Court against rental power plants.

The question was raised that investors had complained that head of AEDP Asjad Imtiaz Ali was creating hurdles in process of renewable energy projects for the sake of kickbacks. However, the minister refuted allegations and asked to bring documentary evidences against him.

He said Pakistan had signed agreements with China to implement 8,320MW generation capacity power projects which would help to overcome load-shedding by end of 2017.

“China will bring $20 billion investment to implement these power projects,” Khawaja Asif said, adding that these projects would be launched in all the four provinces including Azad Jammu and Kashmir (AJK). He stated that no province has been ignored in setting up power projects.

“Chinese investment is a good signal for investment sentiment for the foreign investors,” he said, adding that these projects would be completed from 2018 to 2020.

Casa-1000MW power project, the federal minister said, was being signed in Istanbul and final tariff would be determined by the National Electric Power Regulatory Authority (Nepra). “The first flow of electricity would start in 2019,” he added.

While talking about Gadani power project, he said the government had shifted a priority of Gadani power project due to lack of infrastructure and also because of implementation of power projects scheduled to complete in 2018.

Khawaja Asif maintained that recovery of power bills had increased by 3.2% and power distribution and transmission losses had also been reduced by 1% compared to the same period last year.

 

Related Stories

Pakistan faces challenges to expand public services as Oxfam warns of rising inequality in Asia

byCT Report
10/10/2026

ISLAMABAD: Pakistan faces growing challenges in ensuring access to healthcare, education, and social protection as governments across Asia continue to...

Weekly inflation rises 0.57 percent

byCT Report
09/10/2026

ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation increased by 0.57 percent during the week ended on October 08, 2026,...

Old rusty corroded car parts in car scrapyard. Car recycling.Wrecking Machinery Parts wait for reused or to be a part for repair.

Pakistan proposes 40pc local production of car parts

byCT Report
08/10/2026

ISLAMABAD: The government of Pakistan has proposed raising the share of locally made automobile parts from 10 percent to 40...

Pakistan pavilion inaugurated at Beautyworld Middle East 2026 in Dubai

byCT Report
07/10/2026

DUBAI: Consul General of Pakistan in Dubai, Hussain Muhammad, inaugurated the Pakistan Pavilion at the 30th edition of Beautyworld Middle...

Next Post

UBL accumulates Rs 7.5b during Q1 of 2015, up by 37% yearly

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.