A 50 MW IPP plant has been proposed for Gwadar Port.

 Discussions on Green Dictionary suggestions for resolving power issues in future meetings.


Gwadar:

Following the recent hike in petrol prices, a proposal to set up a 50 MW autonomous power plant in Gwadar in collaboration with Chinese power producers is being tabled at an important meeting, which is likely to take place in Islamabad this week. Government and Chinese companies.

The power shortage in Gwadar, which topped the list during Prime Minister Shahbaz Sharif's visit to the port city, was finally listed as a top priority among other challenges to be considered during the Gwadar-focused meeting, Ministry of Planning, Development said. And sources reveal special measures.

Long-term and short-term proposals from the Prime Minister and China Overseas Port Holding Company (COPHC), which will also represent other Chinese businesses, have been put forward and the meeting is urgent to resolve power issues. The move will be flagged. , Sources said.

Against the backdrop of unavailability of power by the government, Chinese companies have been under pressure for a long time due to high cost power generation through 8.5 MW generators in Gwadar Free Zone (GFZ).

Now due to high petrol prices, electricity prices have skyrocketed, which is putting a heavy burden on corporate finance.

Before the increase in petrol prices, Gwadar Port used to buy petrol worth Rs 20.3 million per month. Chinese companies at GFZ were charged Rs 49 per unit accordingly, which was very high, "said a COPHC official.

"In a new scenario, when petrol prices have been increased by Rs 60, the monthly purchase cost of Gwadar companies has reached Rs 25.5 million. This is an increase of more than 25 per cent.

COPHC has suggested that if the government allows the relevant terms and conditions provided by Independent Power Producers (IPPs), COPHC can work with Chinese power producers to generate substantial 50MW.


"The price of electricity for Chinese IPPs will be much cheaper," he said, adding that it would not only be a shot in the arm for existing companies but also encourage new investors to work peacefully in the Gwadar Free Zone. Will encourage


The article was originally published on Pk-Newsware.

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