PM initiates 100MW solar project to address GB's 18-hour power crisis

News Image

By MG News | December 27, 2024 at 09:49 AM GMT+05:00

0:00

December 27, 2024 (MLN): Gilgit-Baltistan (GB) is set to receive the installation of a 100 MW solar power plant, as directed by Prime Minister Shehbaz Sharif, to address 18-hour power outages, which are causing public frustration and discouraging investment.

The aforementioned discussion was held during a meeting chaired by the Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, as per the press release issued.

Ahsan Iqbal emphasized the severe electricity crisis in GB, terming the situation as “criminal negligence.”

The minister shared that during his recent visit to China, he invited Chinese companies to invest in solar projects in GB.

He directed the Power Division to prioritize solar energy solutions, ensure a transparent bidding process, and prepare a detailed timeline for implementation.

He emphasized the viability of solar energy as an off-grid solution for the region and instructed the inclusion of the solar project in the PC-1 document.

He also called for a comprehensive strategy to ensure the timely completion of ongoing energy projects under the Public Sector Development Program (PSDP).

The meeting lauded the early completion of the 16 MW Naltar Hydropower Project as a key step in addressing the region’s energy challenges.

Key officials, including the Chief Secretary of Gilgit-Baltistan and senior representatives from the Ministry of Planning and Energy, attended the meeting.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 122,143.57
238.19M
-1.57%
-1949.56
ALLSHR 76,055.22
966.52M
-1.36%
-1051.07
KSE30 36,883.30
115.66M
-1.74%
-653.39
KMI30 180,397.18
129.11M
-2.16%
-3973.50
KMIALLSHR 52,092.45
393.86M
-1.73%
-918.69
BKTi 29,957.41
15.86M
-1.36%
-411.82
OGTi 27,188.26
11.39M
-1.70%
-471.10
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,520.00 106,630.00
103,010.00
-1575.00
-1.47%
BRENT CRUDE 74.72 78.50
70.41
5.36
7.73%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-2.00
-2.22%
ROTTERDAM COAL MONTHLY 103.60 103.60
103.50
1.00
0.97%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 73.54 77.62
68.49
5.50
8.08%
SUGAR #11 WORLD 16.08 16.50
16.07
-0.19
-1.17%

Chart of the Day


Latest News
June 13, 2025 at 11:59 PM GMT+05:00

SBP revises export declaration format in PSW system


June 13, 2025 at 11:52 PM GMT+05:00

PMEX appoints Nadeem Karamat as new chairman


June 13, 2025 at 09:34 PM GMT+05:00

Silver to rise toward $48–$50 as rally gains strength


June 13, 2025 at 05:34 PM GMT+05:00

Gold price in Pakistan rises Rs4,600 per tola


June 13, 2025 at 05:03 PM GMT+05:00

PSX Closing Bell: A Hard Day’s Fall



Top 5 things to watch in this week

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