#ntdc

Punjab is planning to start a power transmission company

Punjab speeded its attempts to establish a T&D company under the National Transmission and Deployment Company (NTDC).

A summary of the Punjab Provincial Grid Company’s permission has been begun by the provincial energy department, and the provinces are now examining it.

“Sindh has already set up her own carrier. The 18th amendment requires the same structure. We follow up on the summary provided to Chief Minister of Punjab, Usman Buzdar for approval,” stated the Minister of Energy.

In 2018-19, the overall demand for electricity in Pakistan was 25,627 million W, of which 14,472 thousand watt were Punjab’s used alone, according to the summary. The province will be able to meet its energy demand by 24,000 MW between 2027 and 2028.

Similarly, a large number of Punjab-based consumers generate 68% income. The province represents 66% of the country’s overall energy users.

NTDC secures Rs6.4bn loan for construction of grid station.

The National Transmission and Despatch Company (NTDC) on Tuesday secured Rs 6.4 billion financings from a three-member bank consortium for the construction of a 220kV/132kV power grid station and allied 35 kilometers transmission lines to get 1,274 MW of lean renewable energy from 10 wind power projects being deployed in the Gharo-Jhimpir wind corridor near Tando Muhammad Khan in Sindh.

The loan agreement, signed by the consortium (National Bank of Pakistan, Habib Bank Limited, and Bank Islami Pakistan Limited) was signed by the Managing Director of NTDC Muhammad Ayub and consortium representatives Asad Altaf, Zia-ud-Din Tahir, and Amir Ashraf in a ceremony held here at Casa Wapda.

It is the first time that NTDC raises funds with its resources (balance sheet) without a government guarantee.

“Previously, we relied on Pakistani government-guaranteed loans in the local market,” Ayub said in speaking at the time. The funding mechanism would be a precursor to more funding for upcoming NTDC projects, he said.

According to the MD, the cost of the PC-1 of the Jhimpir-II transmission lines and the substation project is Rs10.753 billion, while the financing required is Rs6.4 billion. The rest of the amount will be funded by the company with its available financial resources.

The project will have enough capacity to transmit more power in the future. To fulfill the future development needs in the Gharo-Jhimpir wind corridor, the 220kV grid station would be upgraded to 500kV capacity in the next few years, he said.

Din Energy, Gul Ahmed Electric, Metro Wind Power, NASDA Green Energy, Liberty Wind Power-I, Liberty Wind Power-II, ACT-2 Wind, Indus Wind Energy, Lakeside Energy, and Artistic Wind Power are among the ten private-sector wind energy projects currently under construction, according to an official source.

Each of these 10 wind energy projects has a capacity of 50 MW and the projects should start commercial operation from February next year.

Later, more projects will be launched in the Gharo-Jhimpir wind power cluster asking for anonymity. In this cluster, twenty-four of these projects with a total installed capacity of 1085 MW have already been built, supplying around 950 MW to the national grid. 220kV Tando Muhammad Khan’s system and lines are absorbing power from these facilities and transferring it to the grid.

He said the bank loan of Rs 6.4 billion would be transferred from the consortium to the company’s accounts.

50 Ekiti Youths To Benefit From NTDC Capacity Building Programme

…as DG applauds Fayemi’s tourism drive 50 vibrant Ekiti youths in tourism would enjoy a series of training, intellectual empowerment and exposure from the ambience of Nigerian Tourism Development Corporation, NTDC, Abuja. According to Mr Folorunso Folarin Coker, Director – General, Nigeria Tourism Development Corporation, NTDC, the Governor of Ekiti State, Dr Kayode Fayemi, is one of the very few…

Buhari re-appoints heads of NCAC, NTDC, NFVCB

President Muhammadu Buhari has approved the reappointment of Otunba Segun Runsewe as Director-General, National Council for Arts and Culture (NCAC), for another term of four years. Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, confirmed this in a statement in Abuja on Friday. He said the president also reappointed Mr Folorunso Coker, as Director-General,…