OBOR News & Developments

[Neo]

Industrial phase of CPEC to kick off soon
By Imran Rana
Published: December 11, 2016

FAISALABAD: The industrial phase of the China-Pakistan Economic Corridor (CPEC) is going to kick off soon under which Chinese investors would be allowed to set up only high tech industries, which would not have any negative impact on Pakistan’s existing industry, said CPEC Acting Project Director Hasan Dawood.

Speaking to a delegation of the Faisalabad Chamber of Commerce and Industry (FCCI), he said that CPEC has three major perspectives including geo strategic, regional integration and industrial cooperation, adding that Chinese investors cannot afford any clash at any stage with Pakistani industrialists; hence, they prefer to concentrate on Gwadar Port.

Cpec: ICCI lauds first transit trade success

The delegation, which was headed by FCCI Vice President Ahmed Hasan, met with the director and apprised him about the reservations of the local industrialists.

Three routes have been proposed to link China with Gwadar Port including eastern, western and central routes, which are expected to be completed by the year 2018, informed Dawood.

Talking about the industrial cooperation under CPEC, he said that working groups are being established to determine the needs of both countries. Four meetings between National Development and Reforms Commission of China and Planning Commission of Pakistan have already been held, said the director.

He said that working groups will have representation of all provinces and encouraged FCCI to present its proposal through their related province for discussion in the working group.

CPEC: Minister invites ICCI to partner up

He further told that 36 economic zones would be established under CPEC which would not only create thousands of jobs but also gear up the pace of progress and prosperity.

Published in The Express Tribune, December 11th, 2016.

 

[Neo]

Nishat Energy finds Chinese partner to set up power plant on imported coal
By Salman Siddiqui
December 11, 2016

KARACHI: Nishat Energy Limited (NEL) has found a foreign partner to go ahead with its plan of setting up a 660-megawatt power plant on “imported coal” by December 2020.

“TBEA Xinjiang Sun Oasis Company Limited (a Chinese firm) has shown interest in participating in the project as a co-sponsor to provide technical and project financing proficiencies,” NEL Chief Financial Officer Norez Abdullah said in an application seeking power generation licence from the regulator.

China to make extra $8.5 billion investments in Pakistan, says Ahsan Iqbal

A couple of months ago, the government placed a ban on firms with 100% local ownership to set up power plants to be operated on imported coal. The ban was not applicable on local firms that had arranged financing for their projects till October 14, 2016.

The government gave an option to those local firms that introduced their projects on imported coal, but did not meet financial close by October, to either arrange foreign financing or convert their projects on local (Thar) coal.

Lucky Cement Limited’s 660-megawatt project was among those that opted to convert on local coal.

NEL is setting up the 660-megawatt coal fired power plant at Rahim Yar Khan, Punjab, at a cost of $956 million. The cost is a mix of 25% equity ($239 million) and 75% debt ($717 million), documents said.

“The sheer size of debt financing (greater than $600 million) required to fund the project was not possible to manage from local banking channels. Therefore, there was a need for induction of a capable Chinese partner to drive the financing process forward. It is strongly believed that the current sponsor’s experience and balance sheet strength will make the new consortium more formidable and capable,” Abdullah said.

The application documents said TBEA would hold 70% stakes in the power project. Nishat Power Limited and Nishat Mills Limited would hold remaining 25% and 5% stakes, respectively.

Earlier, Nishat Power Limited, Lalpir Power Limited, Pakgen Power Limited and Nishat Mills Limited; each of them had 25% stakes in the project.

“The change of consortium was necessitated after engaging with multiple large banks that emphasised the need for a Chinese sponsor in order to prioritise and fast track the financial close process with Chinese financial institutes,” the application said.

The project is intended to be financed by Chinese banks under the China-Pakistan Economic Corridor (CPEC) government-to-government agreed framework as provided in the CPEC Agreement.

“The sponsor intends to procure 100% of project debt ($717 million) from Chinese banks with support from a reputable Chinese equity partner as an Overseas Investment Loan or an ECA tied financing package or any other financing program which the sponsor deem fit,” it said.

After having secured the approval from Punjab Power Development Board on the induction of the Chinese equity partner, significant progress has been made in completing the feasibility study, securing Letter of Intent from Chinese Development Bank and finalisation of a detailed Joint Venture Agreement between Nishat Group companies and TBEA, it said.

TBEA, as per the consortium agreement, has taken a lead role in procuring Chinese financing, which will also ease the burden on Nishat from seeking project financing from local banking channel with visible foreign exchange liquidity constraints imposed by the State Bank of Pakistan, stated the application.

“The sponsor has undertaken to provide foreign non-existent man power and expertise in coal plant operation, which is lacked by Nishat for large coal-fired operations,” it said.

China-Pakistan anti-graft MoU a milestone, says Xinjiang governor

The main sponsor has entered into agreement with ENERGEN Infra (Mauritius) Limited for the latter to act as an advisor in negotiating the EPC contract with potential EPC contractor from China.

A preliminary EPC proposal was also gathered by Nishat from SEPCO to set up 600-megawatt project to assess the interests of EPC players and budgeted EPC costs, timelines and financing support from the Chinese banks before entering into a consortium agreement with TBEA.

Published in The Express Tribune, December 11th, 2016.

 

[vinuzap]

so china started dumping there outdated coal plants irony is even hardcode india haters now realise this

 

[no smoking]

so china started dumping there outdated coal plants irony is even hardcode india haters now realise this

The real irony is what these hardcode india haters don't realise: China already started dumping the outdated coal plants in INDIA for quite a few years.

http://www.thehindubusinessline.com...ey-to-indias-energy-future/article7271640.ece

 

[airtel]

The real irony is what these hardcode india haters don't realise: China already started dumping the outdated coal plants in INDIA for quite a few years.

http://www.thehindubusinessline.com...ey-to-indias-energy-future/article7271640.ece

congress era is over , Modi is more interested in renewable pollution-free energy ...............now India will invest more in solar -nuclear-hydro-wind energy .

 

[hit&run]

The real irony is what these hardcode india haters don't realise: China already started dumping the outdated coal plants in INDIA for quite a few years.

http://www.thehindubusinessline.com...ey-to-indias-energy-future/article7271640.ece

Typical CCP obfuscation.

Your link published by Indian News Paper doesn't say Indians got outdated coal plants. OTOH Pakistani main stream media is putting allegations against China.

As of now India is producing more electricity per plant ever in its history. Also plants are bought by private companies and they are very well know how to go for quality.

Pakistan has become antonym of efficiency when it comes to producing electricity. Pakistanis are getting screwed from all sides when CEPC was supposed to be a fresh start.

 

[vinuzap]

The real irony is what these hardcode india haters don't realise: China already started dumping the outdated coal plants in INDIA for quite a few years.

http://www.thehindubusinessline.com...ey-to-indias-energy-future/article7271640.ece

really you know the current pm on emphasis on nuclear deal , india's nuclear deal with 40 odd countries for now , india putting for nsg

this thing is beyond the iq of chinese prostitute

for record : they are the same prostitute who allowed u.s to drone them and allowed there container free of cost just to take india out of afghanistan

end result:enough said

 

[ezsasa]

There seems to a plan by Iran-pak-china to link Gwadar to chabahar.

Anybody else has read such news?

 

[hit&run]

There seems to a plan by Iran-pak-china to link Gwadar to chabahar.

Anybody else has read such news?

There was plan to make oil refinery which will cater China and both ports will be connected.

Any thing that is not market driven will fall flat or end up like ghost cites of China.

Pakistan can connect CPEC with alien planet as well but at the end of the day it has to cater the market which they do not have.

CPEC is a 5 star road with no customer. In 10 years from England to Russia everyone will be connected with CPEC.

 

[no smoking]

Typical CCP obfuscation.

Typical Indian!

Your link published by Indian News Paper doesn't say Indians got outdated coal plants. OTOH Pakistani main stream media is putting allegations against China.

Who tell you that power plant sold to India is different from the one to Pakistan?
The point is India has been buying from China for years while Pakistan just started. If Pakistan receives outdated plants, guess who was the customer before them?

As of now India is producing more electricity per plant ever in its history. Also plants are bought by private companies and they are very well know how to go for quality.

According to this paper, 60% of private companies bought their plants from-CHINA!

 

[no smoking]

congress era is over , Modi is more interested in renewable pollution-free energy ...............now India will invest more in solar -nuclear-hydro-wind energy .

This:
http://qz.com/760079/indias-solar-dreams-too-are-made-in-china/
and this:
http://economictimes.indiatimes.com...has-firms-struggling/articleshow/49403813.cms

 

[airtel]

This:
http://qz.com/760079/indias-solar-dreams-too-are-made-in-china/
and this:
http://economictimes.indiatimes.com...has-firms-struggling/articleshow/49403813.cms

just 3-4 years Ago ..................all the LEDs available in indian Market were manufactured in China .

but now these are Manufactured in India at dirt cheap rate .

http://indianexpress.com/article/in...under-govt-scheme-drops-to-rs-65-from-rs-550/

 

[Screambowl]

CPEC is hyped by Pakistan for nothing. Every country has evaluated it's potential.
There are many such projects running in a lot of countries under 5 or 10 year plans. And the difference is they are putting their own money not begged.

 

[airtel]

This:
http://qz.com/760079/indias-solar-dreams-too-are-made-in-china/
and this:
http://economictimes.indiatimes.com...has-firms-struggling/articleshow/49403813.cms

there is a difference in India & China ............china has CCP controlled media & India has almost Uncontrolled private Media , which is ready to share any propaganda .

this is a Paid fake propaganda article written by an NGO Greenpeace (which is now banned in India ) .

we are talking about 100 giga watt Industrial scale solar energy production and all these big solar Panels are produced in India By Indian companies .

^ solar plant by TATA .

^ world 's largest solar plant made by Adani

http://timesofindia.indiatimes.com/...-Tamil-Nadu/articleshow/54444571.cms?from=mdr

 

[hit&run]

Typical Indian!

I am proud to be typical Indian, I take it as compliment. CCP foot soldiers do not take proud being associated with CCP it seems.

Who tell you that power plant sold to India is different from the one to Pakistan?

Stop talking in who who who.

The who is on you.

It was you who posted Indian news article in response to AV posted by Indian poster where Pakistani Journalists are accusing china for outdated Coal plants being scammed on them.

It is your responsibility to prove if that is not the case and back your counter that Indian private company has bought same Coal plant.

There is no such allegation in India against that purchase and It also not make any difference to us because the private company that makes electricity from Chinese coal plants goes into grid from where different states buy it.

The point is India has been buying from China for years while Pakistan just started. If Pakistan receives outdated plants, guess who was the customer before them?

Stop defending yourself with unintelligent reasons. Buying recently doesn't mean buyer is only going to get latest. You should go into specifics and tell us the model or generation both Indian private companies and government of Pakistan is using.

There are allegations made by Pakistani media and you gotta take it as reference point and counter it. It make sense to me that being part of CPEC package and money coming out of Pakistani pockets as loans Chinese companies can very well connive with corrupt Pakistanis and install cheaper outdated plants.

According to this paper, 60% of private companies bought their plants from-CHINA!

Doesn't effect Indian tax payers, as we buy electricity off the grid and prices are shown in real time.

It is private company's money they can burn it in the same plant instead using coal to make electricity, we do not care.

 

[airtel]

@no smoking ................. there are many ways to generate solar energy ........................solar panels are one of them but there are other methods too .........


Solar thermal power plants in india >>>

 

[Imaxxx]

And to add to @airtel's great info above, there are also exciting developments happening here:

India’s new Solar Power Tree can light 5 homes in just 4 sq ft of land

09/28/2016

This amazing Solar Power Tree generates the same amount of electricity as a conventional array, but on a much smaller plot of land. The solar power innovation was developed by the Central Mechanical Engineering Research Institute (CSIR-CMERI), and it went online recently in New Delhi. Union Minister for Science & Technology and Earth Sciences, Dr. Harsh Vardhan, touted the vertical arrangement of solar cells as a novel design for urban and rural regions where available land is scarce.

• 
• 
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A Solar Power Tree is almost exactly what it sounds like: a tree-like structure with vertically oriented branches holding up photovoltaic panels. One Solar Power Tree has an energy-producing capacity of 5 kilowatts, using just four square feet of land compared to the 400 square feet needed by a conventional solar array with the same output. That’s enough energy to light five homes.

Solar power trees such as this one are capable of harnessing 10 to 15 percent more power compared to ground-mounted solar arrays. The tree charges a battery backup system that can provide two hours of light after sunset on a full charge. The solar tree is also self-cleaning, with a built-in water sprinkler to clear any debris that would interfere with efficiency.



Three locations in West Bengal, India recently participated in a pilot project, showing the solar tree device can function properly. Future iterations of the device will be equipped with a rotating mechanism to enable the tree to track the sun over the course of the day, further maximizing its potential output. The system costs an estimated $7500 USD for a 5 KW model, and the trees can be installed individually or in groups for even more clean energy generation.

Images via Dr. Harsh Vardhan/Twitter
.............

This is great for densely populated countries like India where land is at a premium and acquisition is a complex and difficult process.

 

[airtel]

And to add to @airtel's great info above, there are also exciting developments happening here:

India’s new Solar Power Tree can light 5 homes in just 4 sq ft of land

.............

This is great for densely populated countries like India where land is at a premium and acquisition is a complex and difficult process.

one More method >>

in-house developed 60m2 Scheffler parabolic dish in order to set up a solar thermal power plant near its Shantivan Campus in Abu Road, Rajasthan.

The thermal solar power plant (solar only) will be the first of its kind in the world in dish technology in direct steam generation mode, with full thermal storage for 16 hrs continuous operations for base load.

 

[airtel]

This is great for densely populated countries like India where land is at a premium and acquisition is a complex and difficult process.

India is a very big country & we have a lot of unfertile land too ......................especially in Rajisthan /madhya Pradesh etc ................... acquisition will not be much difficult .

 

[Mikesingh]

one More method >>

in-house developed 60m2 Scheffler parabolic dish in order to set up a solar thermal power plant near its Shantivan Campus in Abu Road, Rajasthan.

The thermal solar power plant (solar only) will be the first of its kind in the world in dish technology in direct steam generation mode, with full thermal storage for 16 hrs continuous operations for base load.

I fail to understand why there is zero publicity on these mind boggling projects in India. I didn't know we were producing thermal energy on such a large scale. What we hear about fleetingly in newspapers and websites is about a couple solar power projects.

Our media instead of focusing on the shenanigans of Raga, Cong, the unending Sheena Bora case etc needs to show India's progress too. How many are aware that India has made the world's first leprosy and Zika vaccines and the first solar powered airport - Cochin - in the world? Has any TV channel shown these? There are hundreds of such projects that need to be publicized so that we Indians know that there's more to India than what the media portrays.