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Nandipur power project within estimated cost of Rs 58.416b: Report

06:43 PM | 18 Nov, 2015
Nandipur power project within estimated cost of Rs 58.416b: Report
ISLAMABAD (Web Desk) - The auditor general has certified that Nandipur Power Project is within its the estimated cost of 58.416 billion rupees.

Sharing details of the audit report on the power project at a news conference in Islamabad on Wednesday, Minister for Water and Power Khawaja Asif said the report has by and large endorsed the government's position on the cost, production capacity of the plant.

He said the report has rejected allegations that the project cost has risen to eighty four billion rupees. He said fifty one billion rupees have so far been spent on the power project.

Khawaja Asif said Nandipur power project since its inauguration last year has produced electricity worth five point six billion rupees.

He said the new team revived the project and it is now fully functional and producing 445 megawatt of electricity.

The Minister said the auditor general in his report also recommended shifting of the power plant to the LNG. The Sui Northern Gas Pipelines will lay down the pipeline for the purpose which will help generate cheap and clean energy. This will also enhance the capacity of the power plant to five hundred megawatt.

Khawaja Asif said Nandipur power project suffered delay in the PPP government, but the present government resumed work on the project in 2013 as per the PC-1 approved by the previous government.

Khawaja Asif said the operation and maintenance of the project will be outsourced through a transparent international bidding.

Responding to a question, Khawaja Asif said indiscriminate action is being taken against electricity pilferage.

To another question, he said the Prime Minister is personally taking interest to settle the outstanding dues to Khyber Pakhtunkhwa on account of net hydel profit.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
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 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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