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.
Energy Finance & Investment News in Pakistan
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.
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.
The Minister of Energy of Turkmenistan, the Minister of Foreign Affairs of Afghanistan and the Minister of State for Petroleum of Pakistan have signed a framework agreement for the proposed Turkmenistan-Afghanistan-Pakistan (TAP) Power Interconnection Project.
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.
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.
Khyber Pakhtunkhwa's government (Pakistan) has decided to carry out the 545-MW Kaiga Hydro project at Kandia valley in Kohistan.
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.
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.
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.
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.
K-Electric has signed a 25-year Power Purchase Agreement (PPA) for a 50 MW solar power project with Oursun Pakistan.
The World Bank has given the Khyber-Pakhtunkwa government a positive response for funding three hydropower projects totaling 179 MW.
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.
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.
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.
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.
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.
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.
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.