Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY NEWS
China's Shanghai Electric to invest $9bn in Pakistan upgrades
by Staff Writers
Karachi (AFP) Dec 8, 2016


China completes $350 million power plant in Tajikistan
Dushanbe, Tajikistan (AFP) Dec 8, 2016 - A Chinese firm has completed a power plant worth $350 million in Tajikistan's capital Dushanbe, the ex-Soviet country said Thursday, indicating Beijing's growing economic dominance in the cash-strapped state.

Tebian Electric Apparatus (TBEA) began building the coal-powered plant in 2013 and received the rights to a gold mine in the north of the Central Asian country to offset the cost of the investment.

TBEA also built a 325-kilometre, $400 million electrical transmission line across Tajikistan in 2009.

It is one of several Chinese companies active in Tajikistan, where China's Exim Bank holds around half of all foreign debt.

Beijing has also invested heavily in minerals and transport links in its neighbour that endured a bitter civil war from 1992 to 1995.

The investments are in line with China's "One Road, One Belt" initiative to ramp up Beijing's westerly trade across Eurasia with strategic investments in infrastructure.

China's Shanghai Electric plans to spend $9 billion overhauling electricity infrastructure in Karachi, a minister told AFP, just months after the multinational revealed it was buying a Pakistan power company.

China is ramping up investment in its South Asian neighbour as part of a $46 billion project unveiled last year that will link its far-western Xinjiang region to Pakistan's Gwadar port with a series of infrastructure, power and transport upgrades.

In a presentation made to Pakistani authorities, Shanghai Electric said it would invest an average of $700 million a year until 2030 to increase capacity, improve cabling and target bill defaulters.

"The investment would be utilised in distribution, generation, transmission" and training, Miftah Ismail, minister for state and chairman of Pakistan's Board of Investment told AFP on Wednesday.

The investment would also aim to tackle widespread electricity theft and other losses that cost about $269 million a month in the city, partly by replacing above-ground grid stations with underground ones.

Shanghai Electric announced in August it would buy a majority stake in K-Electric, which is owned by Abraaj Group of Dubai, for $1.7 billion, which would be Pakistan's biggest ever private-sector acquisition.

K-Electric, formerly known as Karachi Electricity Supply Corporation, supplies electricity to more than 2.2 million households and commercial and industrial consumers.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links







Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
ENERGY NEWS
China power plant collapse kills at least 22: Xinhua
Beijing (AFP) Nov 24, 2016
At least 22 people were killed when part of a power station under construction in China collapsed Thursday, the official Xinhua news agency reported, the latest industrial accident in a country with a dismal safety record. A cooling tower platform plunged to the ground in the early hours, trapping an unknown number of people beneath it, Xinhua said. Rescue efforts were under way. Pictur ... read more


ENERGY NEWS
US push to low-carbon future 'unstoppable': Biden

Energy-hungry Asia slowing down, lender says

China's Shanghai Electric to invest $9bn in Pakistan upgrades

China power plant collapse kills at least 22: Xinhua

ENERGY NEWS
Alternative fuel cell technology reduces cost

Engineers build refrigerator powered by sound waves

Energy innovation is focus of Gates-led $1 billion fund

The promise of greener power generation

ENERGY NEWS
Apple invests in China wind farms

Offshore wind makes U.S. debut

German energy company plants wind farm seed in Texas

New York to bid in Federal Offshore Wind Auction

ENERGY NEWS
New York funds low income access to solar power

Coronal Energy, powered by Panasonic, Announces Solar Acquisition Program

Game changer for organic solar cells

Simple processing technique could cut cost of organic PV and wearable electronics

ENERGY NEWS
Bulgaria seeks investor to revive nuclear project

Japan switches on nuclear reactor after safety shutdown

Fukushima costs to double to nearly $180 bn: report

'Diamond-age' of power generation as nuclear batteries developed

ENERGY NEWS
People willing to pay more for new biofuels

Investing in the 'bioeconomy' could create jobs and reduce carbon emissions

Argonne researchers study how reflectivity of biofuel crops impacts climate

UNIST researchers turn waste gas into road-ready diesel fuel

ENERGY NEWS
Chinese missile giant seeks 20% of a satellite market

China-made satellites in high demand

Space exploration plans unveiled

China launches 4th data relay satellite

ENERGY NEWS
DiCaprio, Trump discuss green job creation

China: Economic development tied to climate goals

Gore meeting latest sign Trump softening on climate?

World cities seek $375 bn to fight climate change




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement