300MW Gwadar Power Plant to start functioning by 2023

News Image

MG News | October 21, 2021 at 11:35 AM GMT+05:00

0:00

October 21, 2021: A 300 megawatts coal-fired Gwadar Power Plant would start functioning from October 2023, said official sources.

The power plant would cater the needs of some 150,000 people of Gwadar by the end of 2023 under the 2050 Master Plan of Gwadar.

The power plant of independent power producer, is one of the key energy projects on the China Pakistan Economic Corridor (CPEC).

The project aimed at improving reliability on local power supply would help gradually solving the problems in current economic development and urban construction in Gwadar region being restricted by the shortage of power.

“We are currently spending millions of dollars per annum to generate electricity from diesel generators. I hope the plant would be operationalise soon to solve the port’s power scarcity issues. The power plant is of great significance to deepening the energy cooperation between China and Pakistan, boosting the development of the Belt and Road Initiative, improving the overall power structure of Balochistan, and promoting local economic development in Gwadar Port.

All major projects under CPEC in Gwadar, including Gwadar Power Plant, the New Gwadar International Airport Project, the China Pak Friendship Hospital, China-Pak Technical and Vocational Institute in Gwadar, the Gwadar East-bay Expressway Project, Gwadar Free Zone, and Gwadar Port would become a shining pearl in the region.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,420.00 118,450.00
117,905.00
800.00
0.68%
BRENT CRUDE 73.47 73.63
71.75
0.96
1.32%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.30 70.33
70.18
0.30
0.43%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg