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“Converted criticism into constructive energy”

10:25 AM | 26 May, 2017
“Converted criticism into constructive energy”
“We have converted criticism into constructive energy,” said the Chief Minister Punjab, Mr Shehbaz Sharif.

From the usage of land to the environmental costs of the project, all kinds of criticism have been levelled on the Sahiwal Coal Power Project. It is undoubtedly true that development has its hazards and all developing countries deal with them. However, according to project details, the 1320 MW coal-fired power plant uses “supercritical technology”.

Supercritical technology in power plant means that it uses higher temperature and pressure. This results in better efficiency, reduced fuel usage and less greenhouse gas emissions. Out of the total amount for China-Pakistan Economic Corridor, over $30 billion are dedicated towards the energy sector of the country alone. The Sahiwal Coal Power Project is a one of its kind project in the recent or old history of Pakistan. Undeniably, never has the country witnessed the completion of a mega project in the energy sector with such speedy completion; 22 months, and 660 MW of energy served at a rate of Rs. 8.5/kWh.

This has set a world record in terms of project completion speed for the Chinese company Huaneng Shandong Ruyi (Pakistan) Energy (Private) Limited. The project is based on a build, operate, transfer basis according to which, the plant's ownership will be transferred to the Government of Punjab after 30 years of operation. The project has so far produced thousands of employment opportunities. Raw materials for the plant, such as cement, wood, sand and other materials are being sourced from within Pakistan, which means local business may have received a slight boost as well. Plus, furniture was mainly procured from markets near Sahiwal.

It is important to mention here that the government has successfully handled efforts towards a developing Pakistan. The country is able to progress in competitive global markets in different sectors. In addition, the demand for power generation in Pakistan is expected to rise by 50% by the year 2025 according to NTDLC planning departments forecasting. Hence, Pakistan is in dire need of many such projects that are relatively cheaper and cost effective as well. Some other projects under China-Pakistan Economic Corridor are also underway.

It becomes clearer with each passing day how CPEC is truly a game changer for the whole region. There is always criticism when development projects are undertaken. It is important to understand that electricity is also one of the basic demands of the people of Pakistan, and who acknowledges this fact better than the people themselves? With the government playing its part for solving the energy crisis in the country, we ignore how big an achievement it is and how momentous it is for the people of Pakistan.

Pakistan has all the potential for becoming the next big thing in terms of economic development and the process has already taken up the fast track. All that is needed is unity, faith, dedication and motivation of the people to support and attract all good things to Pakistan.

Chief Minister Punjab has also announced that the second unit 660 MW of Sahiwal Coal Power Plant will be available by the first week of June. Prime Minister Nawaz appreciated the leadership of CM Shehbaz which led to the early completion of Sahiwal Coal Power Plant in these words, "Hats off to you Shehbaz sahib for this tremendous job. You are our real hero. PMLN's hero!"

The writer is a student of Mass Communications at Punjab University and a blogger

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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