Gwadar Power Plant to be operational soon: Minister

News Image

MG News | March 27, 2024 at 09:12 AM GMT+05:00

March 27, 2024 (MLN): Federal Minister for Planning Development & Special Initiatives, Professor Ahsan Iqbal on Tuesday directed the authorities concerned to expedite the construction of Gwadar Power Plant, said a press release issued on the same day.

The minister made these directions while chairing a meeting to review the progress of Gwadar Power Plant.

It is noted that Private Power, Infrastructure Board (PPIB) is processing the 300MW coal power project at Gwadar, being developed by CIHC Pak Power Company (Pvt) Limited (CPPCL).

The project is in the ‘priority list’ of China-Pakistan Economic Corridor (CPEC) and holds paramount importance for the energy infrastructure and economic development of the region.

“The supply of electricity is essential in Gwadar and no delay will be accepted,” said the minister while directing the concerned stakeholders to remove all the bottlenecks and start the construction work immediately.

Terming Gwadar 'the gateway of CPEC', the minister said that the incumbent government has expedited the implementation on phase 2 of the CPEC while integrated it with five new economic  corridors.

The development of Gwadar Port City, New Gwadar International Airport and East Bay Expressway is going to transform the city of Gwadar into a maritime trade hub and a new smart port for the region. It will also lead to industrialization in Baluchistan,” he said. 

It is noted that all major projects under CPEC in Gwadar, including Gwadar Power Plant, distribution of 2000 Boat engines to fishermen of Gwadar, Khuzdar-Panjgur Transmission line (via Nag-Basima) which connect Markran with National Grid, 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.

During PDM’s tenure several projects were completed by the then government in Gwadar particularly related to water and electricity that were neglected by the previous government deliberately.

Besides, in budget 2023-24, the allocation of development funds for Baluchistan had been doubled.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 178,922.76
458.03M
-1.36%
-2475.46
ALLSHR 107,850.27
1,038.22M
-1.24%
-1356.82
KSE30 53,308.95
263.66M
-1.46%
-789.54
KMI30 255,193.17
241.09M
-1.46%
-3789.62
KMIALLSHR 69,955.81
579.69M
-1.31%
-930.18
BKTi 48,839.93
52.13M
-1.20%
-593.67
OGTi 36,450.04
22.36M
-1.87%
-693.83
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 63,825.00 63,825.00
62,315.00
880.00
1.40%
BRENT CRUDE 80.38 80.81
78.77
0.53
0.66%
RICHARDS BAY COAL MONTHLY 115.00 0.00
0.00
-0.25
-0.22%
ROTTERDAM COAL MONTHLY 125.50 0.00
0.00
1.20
0.97%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 76.54 76.78
74.98
0.69
0.91%
SUGAR #11 WORLD 14.14 14.50
14.10
-0.23
-1.60%

Chart of the Day


Latest News
June 20, 2026 at 02:38 PM GMT+05:00

Weekly Market Roundup


June 20, 2026 at 12:35 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


June 19, 2026 at 06:08 PM GMT+05:00

Govt slashes petrol price by Rs74/litre, HSD by Rs67


June 19, 2026 at 05:22 PM GMT+05:00

GEMPACRA opts out of TISL rights issue


June 19, 2026 at 05:11 PM GMT+05:00

PKR inches up against USD



Top 5 things to watch in this week

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