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Energy Finance & Investment News in Pakistan

Lucky Cement closes on Port Qasim coal-fired

Lucky Cement closes on Port Qasim coal-fired

🕔Jul 6, 2018

It has been recently announced by Lucky Cement that the company has achieved financial close on its 660 MW Lucky Electric Coal Power Project, which is based on Thar coal.

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Korea South East Power Company to build 200 MW hydropower project in Pakistan

Korea South East Power Company to build 200 MW hydropower project in Pakistan

🕔May 18, 2018

Korea South East Power Company (KOEN) has signed a Memorandum of Understanding (MoU) with the state government of Khyber Pakhtunkhwa, a province in the north-west of Pakistan, to develop a 197 MW hydropower project in the province.

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ADB provides US$260 million for transmission program in Pakistan

ADB provides US$260 million for transmission program in Pakistan

🕔Mar 27, 2018

The Asian Development Bank (ADB) and the Government of Pakistan have signed a US$260 million loan agreement to improve Pakistan’s power transmission network.

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Agreement signed for 4000 MW Turkmenistan-Afghanistan-Pakistan transmission project

Agreement signed for 4000 MW Turkmenistan-Afghanistan-Pakistan transmission project

🕔Mar 7, 2018

The Minister of Energy of Turkmenistan, the Minister of Foreign Affairs of Afghanistan and the Minister of State for Petroleum of Pakistan have signed framework agreement for the proposed Turkmenistan-Afghanistan-Pakistan (TAP) Power Interconnection Project.

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IPPToday #94: US$1.5 B financing signed for 1320 MW coal-fired power in Pakistan

IPPToday #94: US$1.5 B financing signed for 1320 MW coal-fired power in Pakistan

🕔Nov 8, 2017

China Power Hub Generation Company's 1,320 MW coal power plant in Pakistan has secured US$1.5 billion financing with a consortium of Chinese banks, being led by China Development Bank and Exim Bank of China.

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IPPToday #17: K-Electric unveils plan for 900 MW power project

IPPToday #17: K-Electric unveils plan for 900 MW power project

🕔Jul 17, 2017

K-Electric has unveiled the plan for the development of a 900 MW power project that will significantly increase generation capacity and play a critical role in further supporting the energy needs of Karachi, Pakistan.

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SK-E&C to develop 545-MW hydro project in Pakistan

SK-E&C to develop 545-MW hydro project in Pakistan

🕔Jun 12, 2017

Khyber Pakhtunkhwa's government (Pakistan) has decided to carry out the 545-MW Kaiga Hydro project at Kandia valley in Kohistan.

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IFC supports largest wind power plant in Pakistan

IFC supports largest wind power plant in Pakistan

🕔May 17, 2017

IFC, a member of the World Bank Group, is providing US$66 million, and mobilizing a further US$172 million, in a landmark transaction to help build Pakistan’s largest wind power farm, to address severe energy shortages and boost the development of renewable energy. 
 

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WAPDA awards 243-MW Warsak hydropower plant in Pakistan

WAPDA awards 243-MW Warsak hydropower plant in Pakistan

🕔Apr 20, 2017

The Pakistan Water and Power Development Authority (WAPDA) awarded the contract of consultancy services worth PKR868 million (US$8.23 million) through an international competitive bidding for 2nd Rehabilitation of Warsak Hydroelectric Power Station to a Joint Venture comprising four firms led by Dolsar from Turkey.

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Pakistan secures financing for 4320 MW Dasu hydropower project

Pakistan secures financing for 4320 MW Dasu hydropower project

🕔Apr 5, 2017

Pakistan Water and Power Development Authority secured PKR144 billion (US$1.36 billion) for Dasu Hydropower Project by signing an agreement of local debt financing with a consortium of major local banks led by Habib Bank Limited.

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China Three Gorges reaches FC on 720 MW hydro project in Pakistan

China Three Gorges reaches FC on 720 MW hydro project in Pakistan

🕔Mar 17, 2017

Karot Power, which includes China Three Gorges-subsidiary Three Gorges South Asia Investment and Associated Technologies of Pakistan, has achieved financial close for the 720 MW Karot Hydroelectric project​.

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K-Electric signs PPA for 50 MW PV plant in Pakistan

K-Electric signs PPA for 50 MW PV plant in Pakistan

🕔Feb 24, 2017

K-Electric has signed a 25-year Power Purchase Agreement (PPA) for a 50 MW solar power project with Oursun Pakistan.

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World Bank agrees to fund three hydro projects in Pakistan

World Bank agrees to fund three hydro projects in Pakistan

🕔Jan 12, 2017

The World Bank has given the Khyber-Pakhtunkwa government a positive response for funding three hydropower projects totaling 179 MW.

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870 MW Suki Kinari hydropower project achieves financial close

870 MW Suki Kinari hydropower project achieves financial close

🕔Jan 11, 2017

The Governent of Pakistan has announced the financial close of the Suki Kinari hydropower project, which is the first hydro IPP under China-Pakistan Economic Corridor (CPEC) framework. 

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Shanghai Electric to pay $1.8 Bn for stake in Pakistan’s K-Electric

Shanghai Electric to pay $1.8 Bn for stake in Pakistan’s K-Electric

🕔Dec 1, 2016

Abraaj Group has agreed to sell its majority stake in Pakistan's K-Electric (KE) to Shanghai Electric Power Co (SEP) for US$1.8 billion.

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ADB gives $75 million loan to finance Pakistan’s largest wind energy farm

ADB gives $75 million loan to finance Pakistan’s largest wind energy farm

🕔Nov 9, 2016

The Asian Development Bank (ADB) has approved a US$75 million loan with Triconboston Consulting Corporation (TBCC) to support the development of the largest wind farm in Pakistan. 

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KHNP to develop 350-MW Athhmuqam hydropower plant

KHNP to develop 350-MW Athhmuqam hydropower plant

🕔Oct 11, 2016

Korea Hydro and Nuclear Power (KHNP) has won the build-operate-transfer contract from Pakistan’s Private Power and Infrastructure Board for the 350 MW Athmuqam hydroelectric power plant in the country.

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Pakistan signs agreement for development, operation of 720-MW Karot hydroelectric plant

Pakistan signs agreement for development, operation of 720-MW Karot hydroelectric plant

🕔Sep 20, 2016

Karot Power Co. Ltd. and Pakistan's Private Power and Infrastructure Board have signed an agreement for the development of the the 720-MW Karot hydropower plant.

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Agreement signed for $1.9B Pakistani hydropower project

Agreement signed for $1.9B Pakistani hydropower project

🕔Sep 1, 2016

Pakistan’s Khyber Pakhtunkhwa government has signed an agreement with SK Hydro and Industrial & Commercial Bank of China to develop the 870 MW Suki Kinari hydropower project on Kaghan Valley in Mansehra District of the Khyber Pakhtunkwa Province.

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Pakistan issues guarantee for mega power project

Pakistan issues guarantee for mega power project

🕔Apr 14, 2016

The government of Pakistan has issued guarantee to Engro Power­gen Thar Ltd (EPTL) to formally recognise financial close for the 660 MW Thar Engro power station.

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