ISLAMABAD: Pakistan has signed a $200 million agreement with a Chinese firm for the conversion of a thermal power plant on solar energy, Pakistani state media reported on Saturday.
The agreement, which was realized through Pakistan’s Special Investment Facilitation Council (SIFC), would help upgrade an existing thermal power plant to a 300-megawatt solar power plant, the state-run Radio Pakistan broadcaster reported.
“The project will generate 400 million units of electricity per year at a significantly lower cost, reducing the cost from forty-five rupees to fourteen rupees per unit,” the report read.
“The project will eliminate the need for Heavy Fuel Oil (HFO).”
The conversion of the project on solar energy is estimated to save $44 million annually due to a reduction in import bills and offer attractive returns to stakeholders.
Cash-strapped Pakistan lacks adequate resources to run its oil- and gas-powered plants and imports most of its energy needs. The South Asian country is struggling with a balance of payments crisis, record inflation and steep currency devaluation.
In order to deal with the problems, Islamabad is currently looking to secure cheaper energy imports and find alternate ways to lessen the cost of power generation.
Pakistan, Chinese firm sign $200 mln deal to convert thermal power plant on solar energy
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Pakistan, Chinese firm sign $200 mln deal to convert thermal power plant on solar energy
- Pakistan has been struggling with a balance of payments crisis, record inflation and steep currency devaluation
- To cut its energy import bill, Islamabad is looking for cheaper imports and alternate ways for power generation
Turkish agents capture senior Daesh member on Afghanistan-Pakistan border
- The Turkish citizen was allegedly tasked with suicide bombings in Turkiye, Pakistan, Afghanistan and Europe
- It was not clear when the operation took place or whether Afghan and Pakistani authorities were involved
ANKARA: Turkish intelligence agents have captured a senior member of the Daesh (Islamic State) group in an area along the Afghanistan-Pakistan border, allegedly thwarting planned suicide attacks in Turkiye and elsewhere, Turkiye’s state-run news agency reported Monday.
Anadolu Agency said the suspect was identified as Mehmet Goren and a member of the group’s Afghanistan-based Daesh-Khorasan (IS-K) branch. He was caught in a covert operation and transferred to Turkiye.
It was not clear when the operation took place or whether Afghan and Pakistani authorities were involved.
The report said the Turkish citizen allegedly rose within the organization’s ranks and was given the task of carrying out suicide bombings in Turkiye, Pakistan, Afghanistan and Europe.
Daesh has carried out deadly attacks in Turkiye, including a shooting at an Istanbul night club on Jan. 1, 2017, which killed 39 people.
Monday’s report said Goren’s capture allegedly also exposed the group’s recruitment methods and provided intelligence on its planned activities.
