China To Invest $15B In Pakistan Coal-fired Power Plants
While the rest of the world is embracing renewable clean energy, Pakistan has drawn criticism by accepting $15 billion from Chinese investors over the next 15 years to construct about a dozen coal-fired power plants.
Land Rush Around Pakistan's Gwadar Port Triggered By Chinese Investment
Gwadar forms the southern Pakistan hub of a $57-billion China-Pakistan Economic Corridor (CPEC) of infrastructure and energy projects Beijing announced in 2014.
Shanghai Electric Scores A Transformative Deal With Its $1.8B Purchase Of Pakistan Power Plant
Shanghai Electric Power’s US$1.77 billion acquisition of a majority stake in Pakistan’s K-Electric is another example of Chinese power firms seeking overseas opportunities amid dimming prospect in the domestic market undergoing rapid deregulation, analysts say.
Property Classifieds Site Zameen Raises Fresh Funding; Now Valued At $83M
The new round of funding values Zameen at US$83 million. The startup raised US$20 million in series C funding in January, just months after a US$9 million series B round.
Pakistan Eyes $58B Investment In Power Sector Till 2022
Pakistan government has claimed that it has lined up USD 58 billion investment in its troubled power sector till 2022 and hoped that the power crisis in the country would end by 2018. This was stated by the Minister for Water and Power Khwaja Asif ...
Investors Unwilling To Finance Iran-Pakistan Pipeline Due To Sanctions
Pakistan could not build pipeline as it still faces threat of sanctions. The post Fate uncertain: Investors unwilling to finance IP pipeline: Abbasi appeared first on The Express Tribune.
China Begins Work On Big Xinjiang Logistic Centre For $46B Silk Road
China has started construction work on a massive logistics complex in Xinjiang province to link it to Pakistan occupied Kashmir (PoK) as part of the USD 46 billion China-Pakistan Economic Corridor.
Iran's Rouhani Says Can Provide Pakistan Gas Through Pipeline Within Months
Iranian President Hassan Rouhani says that Iran had completed work on its side of a much-delayed pipeline pumping natural gas to Pakistan and would be in a position to provide gas to its energy-starved neighbor in a few months.
Harold Hamm's Message For OPEC: Above $40, We're Coming Back
For leading U.S. shale oil producers, $40 is the new $70. Continental Resources Inc, led by billionaire wildcatter Harold Hamm, is prepared to increase capital spending if U.S. crude reaches the low- to mid-$40s range, allowing it to boost 2017 production by more than 10 percent, chief financial official John Hart said last week.
A 75% Slump In Gas Aids Pakistan's Quest To End Energy Crisis
In three years, the South Asian nation plans to import as much as 20 million tons of the super-chilled gas annually, according to Pakistan’s Petroleum Minister Shahid Khaqan Abbasi.