HUB: Prime Minister Nawaz Sharif directed the authorities concerned on Saturday to take all measures for completion of the 6,600MW Gadani power park project on a fast-track basis.

Presiding over a meeting of the Gadani Power Park Steering Committee here at Gadani, he said development hinged on the completion of this project.

The project will comprise 10 power plants of 660MW each and it is estimated to cost around $14 billion.

Balochistan Chief Minister Dr Abdul Malik Baloch, Finance Minister Ishaq Dar, Minister for Water and Power Khwaja Mohammad Asif, Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi, Special Assistant to the Prime Minister on Energy Mussadiq Malik and Shaukat Tareen also attended the meeting.

The prime minister was informed that work would start in March and the first power plant would be installed by the government after which foreign investors would build the rest on build-own-operate and transfer basis.

The Pakistan Power and Infrastructure Board will select independent power producers through international bidding.

Mr Sharif informed the meeting that China had expressed interest in installing four power plants.

He called for simplification of procedures for awarding projects to companies in a transparent manner.

The prime minister was informed that the Balochistan government would provide 5,000 acres of land for the power park that would be connected with a 7km jetty to bring in 20 million tonnes of coal.

He was told that the Pakistan Power Park Management Company had been incorporated to carry out the infrastructural work of the project and seed money of Rs1bn had been allocated for the company.

He directed Finance Minister Ishaq Dar to approach the World Bank to arrange funding for the project.

The minister said private companies could also manage the same on their own from their respective financial institutions.

Mr Sharif said the project should be duly publicised to make private investors aware of it and directed the finance minister to arrange a briefing for local bankers.

The water and power secretary assured the prime minister that the project would be completed on a fast-track basis.

The meeting approved Balochistan government’s participation in the project as an equity partner.

Chief Minister Malik Baloch, who is a member of the committee, assured the meeting of his government’s full support for a successful and timely completion of the project. He offered to invest beyond the agreed equity and become a bigger partner in the project.—APP

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Comments (2)

omer
August 25, 2013 4:32 pm

Another disaster in the making people are moving to sustainable/renewable energy while Mian sahib is still stuck in the Lohar welding days.

Abdur Rauf Abbasi
August 26, 2013 2:30 am

Its really good news but it will stil take two to three years. However, short term solutions are also required like reduce line losses, controlling electricity theft(By introducing digil meters) and improving the performance of staff. I have seen digital meters in Africa also. Why cannot we introduce such an effective tool to controle electricity theft. In digial meters one can buy pre-paid power and input it in the meter like we top up the balance in mobiles and use it. Once the balance is over the power will cut off automatically. Poors can benefit more from this programme as the intial 100 to 200 units are sold at cheaper rates and then the rates increase with the increase of units. The more units one buy the highter rate he has to pay. For example if one buys 200 units, he pay 5 rupees per unit for first 100 units and 7 rupee per unit for rest of the units. Again at the end of the month the package is over. Next month the package is applied automatically and one can buy units with the same rate. Making electricity meters digial will solve many problems, including the meter readers issue who are involved in electricity theft. Some people don't pay bills and consume lot of energy while other pay bills more than what they used. It happend with me, my neighbour was using AC, but did not get a bill more than a 1000 while I paid 10000 a month even without AC. When you go for the correction of the bill, they simply make lame excuses. We seriously need a reform in energy sector including chaning the old system. One can buy electricity using his online bank account sitting at home. I don't understand why we are far behind African countries in this sector? I assume its the lack of will and corruption at the top level in the government. Because if they introduce such system then the cannot make millions.

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