Connect with us

Economy

EPTL produces electricity via Thar Coal

Published

on

AFTER 30 YEARS

THARPARKAR: Engro Powergen Thar (Pvt.) Limited (EPTL) has successfully transformed the vision of producing electricity by means of Thar Coal today.

EPTL – the majority-owned company of Engro Energy Limited, tested and energized the first unit of 330MW of the combined 660MW power plant – located in Thar Block II.

The successful synchronization happened amidst the presence of senior officials of the Company and from China Machinery Engineering Corporation (CMEC) – the EPC contractor of the project.

The injection of the electrons produced for the very first time from Thar coal – regarded as the 7th largest coal reserve in the world with 175 billion tons of lignite coal – 1st 330 MW unit of EPTL Plant synchronized with National Grid at 1046 PM tonight! 

Relevant: Sindh Chief Minister Syed Murad Ali Shah says Thar Coal Block II has started adding electricity to the national grid. Speaking to media in Tharparker after visiting Thar Coal Block II today, he said the slogan “Thar Badlega Pakistan” has now become a reality.  The Chief Minister said through the production of electricity by coal deposits, the dream of Shaheed Benazir Bhutto has become true. The Chief Minister thanked the Chinese government on the achievement of this milestone. He said there are one hundred and seventy-five million tons of coal deposits in Thar and the royalty of the coal in Thar will be given to Thar Foundation. Murad Ali Shah said this 330 MW power plant will be formally inaugurated by PPP Chairman Bilawal Bhutto Zardari on 10th of the next month. Electricity generation has started from Thar Coal and one power plant of 330 megawatts at Thar Coal Block-II and is being added to the national grid. Chief Executive Officer of Engropowergen Thar limited SM Zafar Syed in an interview told our Karachi correspondent Altaf Pirzado that another power plant of 330 megawatts will also start producing electricity from next month. He said Thar Coal Block-II has the capacity of producing five thousand megawatts of electricity which will be available on low rates. He said commercial use of the electricity being produced from Thar Coal will start in June this year.   

 

 

Continue Reading
Advertisement

Economy

Nahakki Tunnel opened for traffic

Published

on

TUNNEL

ISLAMABAD: The 745-meter-long Nahakki Tunnel has been completed in Mohmand Agency.
The tunnel has been opened for all kinds of traffic as well. Locals talking to a private news channel said after the construction of the tunnel, traveling of five hours has been reduced to merely 2.5 hours.
People said they were happy with this infrastructure as it would facilitate them in traveling and save time.

app

Continue Reading

Asia

Turkey hits out at Moody’s after credit rating cut

Published

on

Moodys

ANKARA: Turkey on Saturday lambasted Moody’s ratings agency after it cut Ankara’s credit rating further into junk territory, saying the downgrade raised concerns over the institution’s “objectivity and impartiality”.
The agency downgraded the long-term debt rating to B1 from Ba3 and said it maintained the negative outlook for Turkey, in a statement late Friday.
Although the country had a “large, diverse economy” and government debt was low, Moody’s said this was outweighed increasingly by “continued erosion in institutional strength and policy effectiveness on investor confidence”.
But the Turkish treasury and finance ministry said the move was “incompatible with the Turkish economy’s fundamental indicators”.
“As a result, this raises questions over the objectivity and impartiality of the body’s analyses,” the ministry added in a statement.
It pointed to rising tourism revenues, falling inflation, and a new judicial reform package as examples of “very positive developments that we sadly see are being ignored”.
The Turkish economy entered into recession for the first time in a decade last year following a currency crisis in the summer amid tensions with the United States.

app

Continue Reading

Economy

Russia warns against ‘hasty conclusions’ over tanker attacks

Published

on

Russia Iran

MOSCOW: Russia warned Friday against jumping to conclusions over the attacks on two oil tankers in the Gulf of Oman after US President Donald Trump blamed them on Iran.
“We consider it necessary to refrain from hasty conclusions,” the Russian foreign ministry said, calling for a thorough international investigation.

A relevant piece published earlier: 

Trump blames Iran in tanker blasts

Continue Reading
Advertisement

Facebook

News Pakistan Trending

News Pakistan TV, one of Pakistan’s leading multimedia news providers including latest and featured stories, offers exclusive information 24/7 regarding web-only content/ information based on insights and opinions. We also offer multimedia projects gathered by our trusted and dedicated correspondents.