Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Energy Department set up to help launch power projects
05-29-2012, 03:08 PM
Post: #1
Energy Department set up to help launch power projects
Energy Department set up to help launch power projects

* Fund proposed for 6 power projects to produce 1,000MW electricity

* Public-private partnership urged

LAHORE: An Energy Department has been set up in the province that is extending necessary assistance for launch of new power generation projects, Punjab Chief Minister (CM) Shahbaz Sharif said on Monday.

He informed that the establishment of a Power Generation Development Fund had also been proposed for launching six power projects aimed at producing 1,000 megawatt (MW) electricity for the province. He said the fund would be completely autonomous and will provide required technical assistance and help in setting up new projects of power generation.

Presiding over a meeting on Monday regarding formulation of a comprehensive policy for launch of new power generation projects, the CM said that in order to cope with this problem, the Punjab government was fully encouraging the private sector to help in the generation of power so that the country could be rid of the load shedding menace.

He said that the country was facing serious energy crisis, which had caused huge loss to industrial and agriculture sectors, while poverty and unemployment had also increased.

The meeting reviewed in detail the existing power crisis in the province. It was noted that power consumption in Punjab – province that constituted 50 percent population of the country and contributed 65 percent to the GDP – stood at 68 percent.

Moreover, due to favourable business conditions available to investors and businessmen in the province, 60 percent of the country’s industries were operating in Punjab and yet the province was being subjected to extremely long hours of power outages.

The CM further said that the province had the best track record in the country with regard to power consumption and payment of the dues, adding that performance of all the five distribution companies of the province was much better than other federal units in controlling power theft and recovery of dues.

He said that small projects could be initiated for supply of power to small industrial estates set up across the province for which investment from private sector was welcomed and being encouraged.

Giving detail of the six power projects aimed at producing 1,000MW electricity for the province, Shahbaz said that 250 to 300MW power generation project would be established in Muzaffargarh, 300MW project in Rahim Yar Khan, 250 to 300MW project in Faisalabad Industrial Estate and 120MW project in Taunsa, 80MW project in Cholistan and 30MW project in Lodhran.

The CM announced that a sum of Rs 150 million would also be provided for the capacity building of the Energy Department.

Shifting focus towards far-flung areas in southern Punjab, he said that solar panels could be provided and installed in these areas to facilitate the farmers. This would help the farming community to meet its irrigational needs by running water on solar energy. He said it would also save heavy expenditure on tube wells run on diesel and electricity. He directed that a scheme be devised to provide solar panels to the farmers on the pattern of Green Tractor scheme.

The CM informed that the provincial government was also launching mega projects of drip and sprinkle irrigation at a cost of Rs 32 billion which would help in economical use of water for agricultural purposes.

Earlier, Uch Power Private Limited Chief Executive Officer Pervaiz Afzal Khan gave a detailed briefing regarding roadmap of new projects of power generation with the collaboration of private sector. He said that upto 5000MW power could be produced with investment of five billion dollars in energy sector during the next five years.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Excise Department Introduces A Website For Property Tax Payers Salman 0 2,214 02-17-2014 01:13 PM
Last Post: Salman
  Nawaz, Zardari launch Thar Coal power project Salman 0 2,810 02-01-2014 01:30 PM
Last Post: Salman
  Coal project to help end energy crisis: Shahbaz Salman 0 2,610 01-25-2014 06:37 PM
Last Post: Salman
  Punjab & China strike deals on energy Salman 0 4,228 12-06-2013 02:24 PM
Last Post: Salman
  Property Tax Survey Completed By Excise Department Salman 0 4,589 11-19-2013 04:51 PM
Last Post: Salman
  Land Department Plans To Develop Nurseries At Railways Land Salman 0 6,314 11-11-2013 04:57 PM
Last Post: Salman
  Qatar willing to invest in energy, housing sectors Salman 0 7,962 11-09-2013 04:28 PM
Last Post: Salman
  Land Revenue Department reforms continue Salman 0 4,870 10-23-2013 04:50 PM
Last Post: Salman
  Aukaf Department Fails To Deal With Land Mafia Salman 0 6,007 10-02-2013 08:03 PM
Last Post: Salman
  Development Authorities To Get Control Over Housing Department Schemes Salman 0 8,756 09-20-2013 05:36 PM
Last Post: Salman
  Shehbaz Emphasis on Energy Needs Salman 0 8,124 08-06-2013 11:10 AM
Last Post: Salman
  Energy, roads to consume much of Rs1.15tr PSDP Salman 0 2,177 06-13-2013 01:19 PM
Last Post: Salman
  Cooperation in energy sector to energise Pak-Tajikistan relations Salman 0 1,979 05-08-2013 01:58 PM
Last Post: Salman
  Excise Department Ordered To Undertake Taxation Survey Salman 0 3,289 04-27-2013 01:54 PM
Last Post: Salman
  KMC, KDA land department record to be computerised Salman 0 2,773 03-09-2013 06:03 PM
Last Post: Salman
  Shahbaz orders work on two 50MW energy plants Salman 0 2,597 10-24-2012 12:27 PM
Last Post: Salman
  Shahbaz pins hopes on Turkey for energy Salman 0 2,382 10-16-2012 12:23 PM
Last Post: Salman
  German investment in Punjab power projects safe: Shahbaz Salman 0 3,025 10-06-2012 11:15 PM
Last Post: Salman
  ‘CDA to launch development projects’ Salman 0 2,143 07-25-2012 01:49 PM
Last Post: Salman
  CDA urged to use solid waste for energy generation Salman 0 2,549 07-14-2012 11:59 AM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)