Latest news with #NTDC
Business Recorder
5 days ago
- Business
- Business Recorder
PSDP 2024-25: Ministry authorises Rs1.035trn for projects, releases Rs596.61bn
ISLAMABAD: The Ministry of Planning, Development and Special Initiatives has authorised a total of Rs1.035 trillion (94.51 per cent ) out of Rs1.096 trillion for development projects from July to May while Rs596.61 billion have been expended so far under Public Sector Development Programmes (PSDP)-2024-25. According to the Ministry of Finance's notification, the Ministry of Planning, Development and Special Initiatives authorised 15 per cent funds for the first quarter, 20 per cent for the second quarter, 25 per cent for the third quarter, and 40 per cent for the fourth quarter under the PSDP. According to the data available on the website of Ministry of Planning, the ministry authorised Rs770 billion (92.8 per cent) for development projects of various federal ministries, divisions and other departments against Rs829.67 billion including Rs139.2 billion foreign loan budgeted allocation for the financial year 2024-25. A total of Rs437 billion has been expended so far on the development projects on various federal ministries, division and departments. The ministry authorised Rs256.85 billion (100 per cent) out of Rs265.85 billion budgeted allocations for the National Highways Authority (NHA) and power sector (NTDC/PEPCO) for development projects. But a total of Rs159.56 expenditures have been made so far on the development projects. A total of Rs161.26 (100 per cent ) billion has been authorised out of Rs161.26 billion for development projects of the NHA while Rs87.42 billion has been spent. A total of Rs104.59 billion (100 per cent ) has been authorised out of Rs104.59 billion for the power sector (NTDC/PEPCO) while Rs159.56 billion expenditures have been made from July to May 2025. According to the data, a total of Rs48.97 billion (100 per cent) has been authorised out of Rs48.97 billion budgeted allocations for development projects for the Cabinet Division, while Rs34.97 billion has been expended. A total of Rs5 billion has been authorised out of Rs5 billion for development projects of the Aviation Division, Rs3.535 billion (100 per cent ) for the Climate Change Division, Rs20.75 billion (100 per cent ) for the Federal Education and Professional Training Division, Rs5.578 billion (100 per cent) for defence Division, Rs7 billion out of Rs7.1 billion for Finance Division, Rs710 million (100 per cent) for States and Frontier Regions Division, Rs11.375 billion (100 per cent) billion for Information Technology and Telecom Division, and Rs35 billion (100 per cent ) for Railway Division during financial year 2024-25. The ministry also authorised Rs217.66 billion out of Rs276.45 billion for provinces and Special Areas, Rs61.12 billion (100 per cent) for development projects for Higher Education Commission (HEC), and Rs8.374 billion (100 per cent) has been authorised for the development projects of National Food Security and Research Division. The ministry also authorised Rs9.78 billion (100 per cent) budgeted allocation for the Interior Division, Rs21 billion (100 per cent ) for National Health Service, Regulations and Coordination Division, Rs2.176 billion (100 per cent ) for Defence Production Division, Rs8.49 billion (100 per cent) for Planning, Development and Special Initiatives Division, Rs6.65 billion (100 per cent) for Science and Technological Research Division, Rs3.23 billion (100 per cent) for Petroleum Division, and Rs199.6 billion (100 per cent out of Rs199.6 billion budgeted allocation for development projects of Water Resources Division etc. Copyright Business Recorder, 2025
Business Recorder
7 days ago
- Business
- Business Recorder
TPPAs set to be signed for Karachi Nuclear Power Plants K-2, K-3
ISLAMABAD: Pakistan Atomic Energy Commission (PAEC), National Grid Company (NGC), erstwhile NTDC, and Central Power Purchasing Agency -Guaranteed (CPPA-G) are to sign Tripartite Power Purchase Agreements (TPPAs) on Karachi Nuclear Power Plants unit 2 and unit 3. Recently, Power Division briefed the Economic Coordination Committee (ECC) of the Cabinet that Karachi Nuclear Power Plant Unit-2 ('K-2') and Unit-3 ('K-3') are constructed by Pakistan Atomic Energy Commission. These were highly significant and strategically important base load plants having installed capacity of 1145 MW each and located in the City of Karachi. The plants are being operated by PAEC. National Electric Power Regulatory Authority (NEPRA) granted Generation Licence to K-2 and K-3 NPPs on December 09, 2019 and February 16, 2021 respectively. As notified by PAEC, K-2 and K-3 Plants were commissioned and achieved Commercial Operations Date (COD) on May 21, 2021 and April 18, 2022 respectively. Since then, these plants had been providing electricity at the most economical rates to National Grid. 1,100MW K-3 inaugurated, China praised NEPRA granted interim tariff to K-2 and K-3 projects on 'Take or Pay' basis on July 01, 2021 and May 19, 2022 respectively, final tariff on January 14, 2022 and April 12, 2023 respectively and CPPA-G Board also approved purchase of power from these power plants. According to Power Division, CPPA-G requires formal approval of the Federal Government to sign Tripartite Power Purchase Agreement between PAEC, NTDC and CPPA-G. In order to formalize such Tri-partite Power Purchase Agreement ('TPPA'), ECC-approved standardized draft TPPA prepared under Power Generation Policy, 2015 had been used as a base document. The ECC was further apprised that project specific changes along with performance-based provisions had been incorporated in the base document. NEPRA, in its letter of April 03, 2024 had cleared the signing of TPPA for both the projects. The Power Division submitted the following proposals for consideration and approval of the ECC: (i) Tripartite Power Purchase Agreement to be signed between PAEC, NTDC and CPPA-G for 1145 MW Karachi Nuclear Power Plant Unit-2 (K-2); and (ii) the Tripartite Power Purchase Agreement to be signed between PAEC, NTDC and CPPA-G for 1145 MW Karachi Nuclear Power Plant Unit-3 (K-3). After brief discussion, the ECC approved the summary submitted by the Ministry of Energy (Power Division for signing of TPPAs between PAEC, NGC and CPPA-G( market operator). Copyright Business Recorder, 2025
Business Recorder
11-06-2025
- Business
- Business Recorder
Four dozens power projects to get Rs92bn
ISLAMABAD: The government has earmarked over Rs 92 billion for four dozen power sector projects for the fiscal year 2025-26 under Public Sector Development Program (PSDP). According to official documents, Rs 4 billion has been earmarked for interconnection of isolated Makran Network at Basima via Nag G/ Station ( Qesco), Rs 384 million for six feeders fro Free Zone North and South (GPA) Gwadar, Rs 201 million for construction of 1132 Grid Station in Omach area District Khuzdar, Rs 183 million for 132 kV Grid station Washuk with allied 132 kV transmission line (82 KMS), Rs 704 million for electrification of villages Dera Bugti (Dera Bugti Package) revised, Rs 271 million for 220/kV Swabi Substation, Rs 1.439 billion for 220 kv Swabi Substation, Rs 4.440 billion for 500 kV Allama Iqbal Industrial city for 600 MW demand of the SEZ in the FIEDMC area. PD proposes Rs392.5bn PSDP for in-house projects The government has allocated Rs 508 million for replacement of LT bare conductor ABC cable in Peshawar, Khyber and Bannu Circle, Rs 174.6 million for supply of power to SEZ Hattar, Rs 314.6 million for supply of power for SEZ Rashakai, Rs 1.118 million for 220 kV Quaid-e-Azam Apparel and Business Park (QABP) Grid Station for provision of electricity to PEIDMC SEZ, Rs 2.94 billion for Advance Metering Infrastructure (AMI) project in IESCO, Rs 1.770 billion for MEPCO, Rs 1.89 billion for HESCO, ERs 2.427 billion for PESCO, Rs 1 billion for 500 kV Matiari-Moro R Y Khan (T/L), Rs 1.599 billion for installation of assets performance management system on 100 kV and 200 kV distribution transformers all Discos. An allocation of Rs 10.970 billion has been made for evacuation of power from 2160 MW Dasu HPP stage-1, Rs 1.629 billion for enterprise resource planning to improve productivity and control in NTDC system, Rs 3.5 billion for evacuation of power from Suki Kinari, Kohala, Mahal HPPs (revised name evacuation of power from Suki Kinari), Rs 840 million for evacuation of from Tarbela 5th extension, Rs 1.7 billion for installation of pilot battery energy storage at Jhampir G/Station, Rs 800 million for evacuation of power from wind power projects at Jhimpir and Gharo wind clusters (revised) Rs 998 million for Upgradation/ Extension of NTDC's Telecommunication & SCADA System at NPCC, Rs 1.2 billion for 220kV Arifwala Substation, Rs 5 billion for 220kV Dharki - Rahim Yar Khan - Bahawalpur D/C T/L and Rs 2.5 billion for 500/220kV Sialkot. Copyright Business Recorder, 2025
Business Recorder
30-05-2025
- Business
- Business Recorder
Rs500m loss inflicted on national exchequer? Senate body raises questions over role of Nespak, NTDC
ISLAMABAD: The Senate Standing Committee on Economic Affairs raised serious questions over the role of National Engineering Services Pakistan (Pvt) Limited (Nespak) and National Transmission and Dispatch Company (NTDC) in awarding the bid to the third lowest, causing Rs500 million loss to the national exchequer. The committee met with Saifullah Abro in the chair here on Thursday for further discussion on the recommendation made after detailed deliberations in the committee's previous meetings concerning the EAD and its related departments (NTDC projects including 765Kv Dasu-Islamabad Transmission Line project (LoT-I-LoT-IV) upto date progress, expenditure and briefing through MD, Nespak on ADB 401B-2022 LoT-II A(ACSR Bunting Conductor) regarding inquiries reports. The committee's chairman remarked that it was a matter of great embarrassment that Nespak, a national institution responsible for technical evaluations, failed to prevent such a decision. It was Nespak's responsibility to ensure proper verification, because Nespak's role is to scrutinise the document, he stated. Senator Abro highlighted that the 'contract is not awarded to the deserving by which the Rs500 million of the country could have saved.' He noted that 'the company to which the project was awarded Newage, Lahore, lacked the relevant experience, while expressing serious concern that this type of negligence cannot be ignored.' Senator Abro stated that the matter will be pursued through the relevant forums like, the Federal Investigation Agency (FIA), the Public Accounts Committee (PAC), and the National Accountability Bureau (NAB) to ensure that the public funds are recovered. He also recommended that strict action should also be taken against the involved officers. Referring to legal inconsistencies, he questioned 'if Public Procurement Regulatory Authority (PPRA) laws are not applicable in the case of domestic preference, and how can a letter from the Asian Development Bank (ADB) be considered valid?' He recalled that during the previous meeting, three written letters were presented by the caretaker minister, which further raised serious questions regarding the transparency of the process. When the committee sought further details, it was informed that all relevant data from the Engineering Development Board (EDB) had been destroyed in a fire, and only one verified letter was presented before the committee. Senator Kamal Ali Agha inquired whether an inquiry was conducted following the fire incident. The concerned department stated that no inquiry had been carried out. The chairman committee, recommended that a formal inquiry be conducted into the fire incident and that strict action be taken against those found responsible, including officers from the Power Division. During the committee meeting, a discussion was held regarding where the department conducts testing, which institutions are responsible, and where laboratories are located in Pakistan. The department informed the committee that type testing is conducted internationally and not within Pakistan. It was further stated that the type test for the current year, 2024, was conducted in Hungary. The chairman inquired about who the witness to the test? The department told that the witness was not verified. They also stated that, according to a 2023 policy, having a witness was not a mandatory requirement by the consultant. However, after detailed discussion, it was revealed that no such policy had been formulated. The chairman committee strongly remarked that no valid testing had been conducted and an attempt was made to mislead the committee, which amounted to fraud. The chairman asked whether any recovery of the misused funds had been made, to which the department responded that a letter had been written to NTDC regarding the matter. The chairman committee recommended that all the involved companies be blacklisted, the misappropriated funds be recovered, and that the officers involved be terminated from service. Furthermore, he recommended that the recovered amount should be deducted from the salaries of the responsible officers. The committee also inquired about the report and minutes of the 282nd Board meeting, as well as the letter issued by the NTDC Board. It was noted that while the minutes of the committee meeting were dated 24th December 2024, the Board was required to submit its report within 15 days. However, the BOD has submitted after six months. Meanwhile, the committee remarked that the Board itself is violating its own letter and treating the amount of Rs1.28 billion as insignificant. The chairman recommended that strict action be taken against the Board and that the amount be recovered within two weeks. Copyright Business Recorder, 2025
Business Recorder
12-05-2025
- Business
- Business Recorder
Uplift projects: Ministry authorises Rs894.1bn in 10 months
ISLAMABAD: Ministry of Planning, Development and Special Initiatives has authorised a total of Rs894.1 billion (81.28 per cent) out of Rs1.1trillion budgeted allocation for development projects from July to April under Public Sector Development Programme (PSDP)-2024-25. Out of the total authorised/disbursed amount, the total amount spent so far on the development projects during the corresponding period stood at Rs448.64 billion (50.2 per cent), according to the latest data released by the Ministry of Planning, Development and Special Initiatives. According to the Ministry of Finance's notification, the Ministry of Planning, Development and Special Initiatives authorised 15 per cent funds for the first quarter, 20 percent for the second quarter, 25 percent for the third quarter, and 40 percent for the fourth quarter under the PSDP. PSDP 2024-25: Rs628.891bn development funds released in 7 months According to data available, the Planning Ministry authorised Rs638.23 billion for development projects of various federal ministries, divisions and other departments against Rs839.67 billion budgeted allocations while Rs339.2 billion has been spent on the projects from July to April for the financial year 2024-25. The ministry authorised Rs225.85 billion out of Rs255.85 billion budgeted for the National Highways Authority (NHA) and Power Division (NTDC/PEPCO) for development projects while a total of Rs109.44 billion has been spent so far. A total of Rs161.26 billion has been authorised out of Rs161.26 billion for development projects of the NHA and Rs94.59 billion out of Rs94.59 billion budgeted allocations for the power sector (NTDC/PEPCO) for the current fiscal year. According to the data, a total of Rs169.6 billion out of Rs169.6 billion has been authorised for development projects of Water Resources Division while Rs72.55 billion has been spent. A total of Rs48.64 billion has been authorised out of Rs50.77 billion budgeted allocations for development projects for the Cabinet Division while Rs34.969 billion has been spent. The ministry also authorised Rs156.598 billion out of Rs276.47 billion for provinces and Special Areas while Rs99.96 billion has been spent on the development projects. A total of Rs56.94 billion out of Rs61.11 billion has been authorised for development projects of Higher Education Commission (HEC) while Rs24.886 billion has been spent so far. The ministry has authorised Rs8.374 billion out of Rs9.93 billion for the development projects of National Food Security and Research Division. A total of Rs22 billion out of Rs35 billion has been authorised for development projects of Railway Division while Rs20.975 billion has been spent so far. The ministry also authorised Rs5.042 billion out of Rs6.3 billion for development projects of the Aviation Division, Rs4.174 billion for the Climate Change Division, Rs17.25 billion for the Federal Education and Professional Training Division, Rs414.4 million for States and Frontier Regions Division, Rs8.375 billion for Information Technology and Telecom Division and Rs3.7 billion for Information and Broadcasting Division. The ministry also authorised Rs21 billion out of Rs24.75 billion for development projects of National Health Services, Regulations and Coordination Division, Rs9.78 billion out Rs9.78 billion budgeted allocation for the Interior Division, Rs4.578 billion for Defence Division, Rs2.2 billion for Defence Production Division, Rs7.5 billion for Planning, Development and Special Initiatives Division, Rs1.56 billion for Maritimes Affairs Division, Rs6.65 billion for Science and Technological Research Division and Rs2.13 billion for Finance Division, Rs1.95 billion for Petroleum Division. Planning Ministry also authorised Rs254.80 million to the Ministry of Communications (other than NHA), Rs322.35 million for the Establishment Division, Rs4.109 billion to the Housing and Works Division, Rs104 million to the Human Rights Division, Rs1.207 billion to Inter Provincial Coordination Division, Rs930 million to the Law and Justice Division, Rs355.25 million to the National Heritage and Culture Division, Rs256.33 million to the Pakistan Nuclear Regulatory Authority, Rs175 million to the Religious Affairs and Interfaith Harmony Division and Rs5.817 billion to the Revenue Division etc. Copyright Business Recorder, 2025
