AGL 34.48 Decreased By ▼ -0.72 (-2.05%)
AIRLINK 132.50 Increased By ▲ 9.27 (7.52%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.83 Decreased By ▼ -0.08 (-2.05%)
DCL 8.10 Decreased By ▼ -0.05 (-0.61%)
DFML 45.30 Increased By ▲ 1.08 (2.44%)
DGKC 75.90 Increased By ▲ 1.55 (2.08%)
FCCL 24.85 Increased By ▲ 0.38 (1.55%)
FFBL 44.18 Decreased By ▼ -4.02 (-8.34%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.00 Decreased By ▼ -1.85 (-1.27%)
HUMNL 10.52 Decreased By ▼ -0.33 (-3.04%)
KEL 4.00 No Change ▼ 0.00 (0%)
KOSM 7.74 Decreased By ▼ -0.26 (-3.25%)
MLCF 33.25 Increased By ▲ 0.45 (1.37%)
NBP 56.50 Decreased By ▼ -0.65 (-1.14%)
OGDC 141.00 Decreased By ▼ -4.35 (-2.99%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.74 Decreased By ▼ -0.02 (-0.35%)
PPL 112.74 Decreased By ▼ -4.06 (-3.48%)
PRL 24.08 Increased By ▲ 0.08 (0.33%)
PTC 11.19 Increased By ▲ 0.14 (1.27%)
SEARL 58.50 Increased By ▲ 0.09 (0.15%)
TELE 7.42 Decreased By ▼ -0.07 (-0.93%)
TOMCL 41.00 Decreased By ▼ -0.10 (-0.24%)
TPLP 8.23 Decreased By ▼ -0.08 (-0.96%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,605 Increased By 33.2 (0.39%)
BR30 26,904 Decreased By -371.6 (-1.36%)
KSE100 82,074 Increased By 615.2 (0.76%)
KSE30 26,034 Increased By 234.5 (0.91%)

President Asif Ali Zardari on Tuesday presided over a number of meetings and briefings on various development projects at Bilawal House advising the government to step up the projects so that maximum benefit could be provided to people.
Presiding over the meeting on "Alternate Energy Options" available, the President called for stepping up search for out of box, imaginative and bold solutions to meet the country's energy needs by recourse to alternate sources of energy based on available natural energy resources such as wind energy and solar power.
Those who attended the meetings included Sindh Chief Minister, relevant federal and provincial ministers and senior officials of the federal and provincial governments related to the meeting's subject. Briefing journalists on the meetings spokesperson Farhatullah Babar said that the meeting on wind energy was informed that the USAID had agreed to build a 150 megawatts wind power plant in the coastal areas of Sindh to augment power generation.
The meeting was also informed about the status of land allocations for new wind power projects built by private investors in the country. The President said that Pakistan offers promising opportunities for massive investment in new sources of energy in Pakistan particularly in the development of wind and solar energy.
Emphasising greater utilisation of alternate energy the President advised that all the new houses being built in the rural areas of Sindh under Behan Benazir Basti Programme should be provided solar or wind power. He said that gas and electricity geysers be eventually phased out of the Government buildings in order to save gas in the winters for diversion into more productive uses.
Likewise all new streetlights should be solar/LED based and billboards and electronic power based neon signs should be converted to solar at the earliest. Special industrial hubs be set up in the coastal areas of Sindh and Balochistan based on the captive wind power that is harnessed in these areas, he said. The President directed that work on the wind power projects be stepped up and letter of support be issued to the firms that have evinced interest and completed the initial formalities as well.
Taking note of the reports that despite land allocation some private entrepreneurs had not yet obtained letters of support (LoS) the President directed that they should be given time till the end of this year after which their right to get allocated wind corridor be forfeited.
"We are passing through a severe energy crisis and cannot afford to wait indefinitely for harnessing alternate power resources like wind and solar power projects to take off", Farhatullah Babar quoted the President as saying. The meeting was informed that in the Gharo, Bandar and Jhimpir Corridor where the wind speed was over 7 metres per second at 60 metres height, as much as 50,000 MW of wind power could be generated.
General Electric Company of the US has already expressed interest in setting up wind energy projects and in building fast track railway lines and has held a number of meetings with relevant officials during the past few months. The President said that the business friendly and liberal investment policies of the government in key sectors like power generation, transportation and infrastructure have resulted in attracting significant foreign direct investment in Pakistan and must be made good use of.
The meeting on the proposed Turkey-Pakistan fast track cargo train which was also attended by the Federal Railway Minister was informed that the technical feasibility of the project had been established and now efforts were afoot to involve the private sector in financing the project. The President called for a special meeting next week with private entrepreneurs and investors of stock exchanges to discuss raising finances for the project through stock exchanges of the country.
Emphasising the upgradation of the existing rail link to cut the travel time between the two countries the President said that it would open up vast European and Asian markets to the benefit of not only Pakistan and Turkey but also of all people in the region.
The President suggested that the train may be named after the Turkish President as "Gul Train". He also advised that private investor, selected for the project should be asked to employ latest technology and fabricate it locally in the country. This should be the guiding strategy for improving railway in the country, he said.
Farhatullah Babar said that the demonstration run of the Islamabad-Tehran-Istanbul container train was launched on August 14 last. During President Zardari's January visit to Istanbul, the Turkish railway authorities also gave a detailed briefing on the prospects of Islamabad-Istanbul container train. Turkey has also offered to assist Pakistan in upgrading its railway network, he said.
The spokesperson recalled that during President's visit to USA in September last year the Chairman/ CEO of General Electric Company called on President Asif Ali Zardari and discussed prospects of exploiting wind energy as well as building a fast track railway line for transportation of goods.
The General Electric has shown keen interest in investing in wind energy projects and also in building railway lines. The President had then invited the CEO General Electric to visit Pakistan. The Board of Investment and General Electric Company have also signed a co-operative MoU to identify energy/ power, transportation including rail transportation and water projects including water plants for purification, desalination and water treatment.
The meeting on flood rehabilitation and reconstruction in Sindh was informed that 20 high powered de-watering pumps had been supplied to four districts while another 50 pumps were being supplied to other districts to drain the flood water out once the bulk of flood water is drained through gravity action.
Scores of breaches in canals in Kashmore, Shikarpur, Jacobabad, Qambar-Shahdadkot and Dadu had been plugged and remaining breaches will be plugged by the end of next month. The President called for a fast track plan to draw out the floodwater and make the land available in time for crop sowing.
The meeting was informed that Rs 700 million were required for restoration of the 2400 kilometres of provincial roads and 27 bridges and another Rs 1.4 billion for the restoration of 4700 kilometres of district roads and 130 bridges.
In yet another meeting Chairperson of the Benazir Income Support Programme (BISP) Ms Farzana Raja gave a briefing on the progress made on the project of providing mobile telephone sets free of cost to the beneficiaries of the BISP. The meeting was also attended by representatives of the mobile telephone companies and heads of several banks.
The President directed that the pilot project of providing mobile sets in at least two districts be launched on December 27 to coincide with the third death anniversary of Shaheed Mohtarma Benazir Bhutto. "Shaheed Benazir Bhutto had dedicated her life to the empowerment of women and it will be a befitting tribute to her memory to launch the pilot project that would empower poor women on her third death anniversary," Farhatullah Babar quoted the President as saying.

Copyright Associated Press of Pakistan, 2010

Comments

Comments are closed.