While chairing the 102nd meeting of the Private Power and Infrastructure Boards (PPIB), Minister for Water and Power Khawaja Muhammad Asif announced that seven power projects in Pakistan, both coal-based and hydro-powered, will come to a financial close by mid-October. He further stated that the construction of these power projects in Pakistan will begin shortly after the financial close. Pakistan’s major problem, for a while now, has been power and terrorism. Owing to operation Zarb-e-Azb, terrorism is down by 70%. On the other hand, several power projects are in the pipeline to eventually power the entire country uninterrupted.
The seven power projects in Pakistan are privately held, and have attracted large sums of international and national investment. Several parties from China, Korea, Saudi Arabia and Qatar have made significant investments to bring the projects to a financial close. Minister Asif was noted to have said,
The government is making every effort to increase electricity supply to the national grid through all possible avenues, private sector being one of them
Seven Power Projects in Pakistan
The minister was able to give the following details on the projects:
- 102 MW Gulpur Hydro Power Plant at Poonch River,
- 729 MW Karot Hydro Power Plant at Jhelum River,
- 870 MW Suki Kinari Hydro Power Plant at Kunhar River,
- 1,320 MW Port Qasim Coal-based Power Plant,
- 660 MW Engro Powergen Coal-based Power Plant at Thar Block-II,
- 1,320 MW Shandong ‘Imported’ Coal-based Power Plant at Qadirabad, and
- 163 MW Grange Holdings Coal-based Power Plant at Arifwala.
The aforementioned projects are set to add a total of 5,164 MW of power to the national grid. The fact that the international community is willing to invest in several power projects in Pakistan shows their trust and interest in the current government’s policies. Economically, the more Foreign Direct Investments (FDIs) a country is able to drive in, the better the position of the country. Therefore, such investments point to a healthy economy in the country be them in any sector, whether energy, food or transport.
There are many who would bash the government for not being able to solve the energy crisis currently prevailing in Pakistan. They would hold the government to their word, however, they tend to ignore a very basic fact. The needs and requirement of one person changes every second. The needs of a country, would change in a 100th of a second or perhaps a 1,000th. The energy needs of the country in a state of constant elevation, and as such, the problem cannot be solved in a matter of months. Even if the required energy demand is met on paper, the construction takes a lot of time what with all the terrain issues and unforeseen circumstances caused by various terrorist activities. At any rate, power projects in Pakistan that are already in the pipeline, and that are coming up, are set to produce energy in excess of foreseeable future demands. Patience is all that is required, and hopefully, the country will be able to profit in the near future.You can follow us on Facebook, Twitter, or Google+ for more updates. Otherwise fill in the subscription box above, or subscribe to our RSS Feed.