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Site update: January 18 2017, at 17:45 PKST
Stock update: January 18 2017.

Recent Financial News in the 'power-gen-dist' category

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Wednesday, January 18 2017

12 energy projects under CPEC to be completed by 2017-18
ISLAMABAD: The National Assembly Standing Committee on Planning, Development and Reform informed that 12 early-harvest energy generation projects under the China-Pakistan Economic Corridor (CPEC) would be completed by 2017-18. The committee, chaired by Abdul Majeed Khanan Khalil, was informed that these energy projects would produce 5,000MW of electricity and help overcome the power demand-and-supply gap in the country. Several China-sponsored power projects hit snags While briefing the meeting, Ministry of Planning, Development and Reform Secretary Yousuf Naseem Khokhar said that the multi-billion dollar deal comprised of three terms; short, medium and long-term.
Related news categories: business economic-indicators misc power-gen-dist

Energy conservation: Unido identifies five potential areas of industrial sector
The United Nation Industrial Development Organisation (Unido) has completed study of different industries for energy conservation and identified five potential areas of the Pakistan industrial sector for this purpose. Source told Business Recorder that the Unido was working on energy conservation in developing countries to make their industries energy efficient. As a part of this programme, Unido undertook study in Pakistan and identified five potential industries for making them energy efficient. The industries identified in Pakistan include; textile, dairy, foundry, ceramics, paper & pulp for energy saving.
Related news categories: business economic-indicators misc power-gen-dist

Monday, January 16 2017

Hubco raises stake in coal power project
LAHORE - As per a notice issued by Hub Power Company (HUBC) at the Pakistan Stock Exchange (PSX), the company has increased its holding in China Power Hub Power Generation Company (Pvt.) Ltd (CPHGC) from 26 percent previously to 47.5 percent through its wholly owned subsidiary Hub Power Holding Ltd. This development increases company’s Target Price from Rs120 to Rs133, as value contribution from the coal plant increases from Rs19/share to Rs33/share. Experts maintain 'Hold' rating on the stock, however highlight that this latest development will garner investor interest.
Related news categories: business company-news economic-indicators misc power-gen-dist
Related symbols: hubc (news stock)

Friday, January 13 2017

CASA-1000 to help end power outages: PM
ISLAMABAD: The Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) will help overcome power load-shedding in Pakistan, Prime Minister Nawaz Sharif said on Thursday. “The role of CASA-1000 is important in redressing the power shortages in Pakistan,” he said during a meeting with Kyrgyzstan’s Minister for Economy Kojoshev Arzybek Orozbekovich at the Prime Minister’s House. The premier said the project was moving satisfactorily and the recent meeting of Joint Working Group held in Dubai from Dec 5 to 8 took some important decisions which would ensure the project’s timely completion. CASA-1000 will put in place the contractual and institutional arrangements, and the transmission infrastructure, to facilitate the export of 1,300 megawatts of already available surplus electricity in the summer months from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan. It is believed that by enabling regional electricity trade and paving the way for other trade/transit infrastructure investments in the region, CASA-1000 will help alleviate poverty in some of the poorest parts of the world while enhancing energy security and regional stability.
Related news categories: business economic-indicators misc power-gen-dist

Ghazi Barotha generates 91b units since commissioning
LAHORE - The 1,450 megawatt Ghazi Barotha Hydel Power Station has so far provided 91.1 billion units of low-cost hydel electricity to the national grid since commissioning of its first generating unit in August 2003, which is 8.6 billion units over and above the generation (82.5 billion units) that was envisaged in PC-I of the project for the said period. Water and Power Development Authority (Wapda) Chairman Lt Gen (R) Muzammil Hussain noted this during his visit to Ghazi Barotha Hydropower Project. Speaking on the occasion, the Wapda chairman said that the hydel power stations owned and operated by Wapda have been significantly contributing towards prosperity of the country since long. These hydel power stations have not only helped meeting electricity requirements of the country but also stabilising electricity tariff for the consumers, he added. Terming Ghazi Barotha Hydropower Project an engineering marvel, the Wapda chairman appreciated the management for effective and efficient operation and maintenance of the project. Earlier, the chairman had a detailed round of the Power Channel and Hydel Power Station at Barotha during his visit to the project. The Ghazi Barotha Hydropower Project management briefed the Wapda chairman that the project was completed in 2004 with a cost of Rs96 billion. It has three major components; a Barrage at Ghazi about 7 kilometers downstream of Tarbela Dam; a 52 kilometers long Power Channel with design water flow of 1600 cubic meter per second (Cumecs) which holds the record of the biggest lined channel in the world; and a Power
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