Daily Times
LAHORE: The Ministry of Energy (Power Division) has appointed Engr Muhammad Ayub as Managing Director National Transmission and Despatch Company (NTDC) as a stopgap arrangement. The NTDC Board of Directors has recently promoted him as Deputy Managing Director Planning & Engineering.
The spokesman of NTDC has said that Engr. Muhammad Ayub did his Master of Engineering (Power System) from the University of Technology Lahore. He also holds a Master’s degree in Public Administration from Virtual University Islamabad.
Mr. Muhammad Ayub enjoys more than 36 years of local and international engineering experience in High Voltage Transmission, Project Management, Construction, Operation, and Maintenance of the power sector. He performed his duties in NTDC as General Manager Technical, General Manager (SO) NPCC.
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Business
April 30, 2021
KARACHI: Pakistan State Oil (PSO) net profit increased to Rs8.720 billion during the quarter ended March 31, 2021, translating into earnings per share (EPS) of Rs18.57, a bourse filing said on Thursday.
The company had posted a loss of Rs3.426 billion with loss per share of Rs7.30 during the same quarter last fiscal. There was no announcement of cash back.
The company’s 9MFY21 profit surged 506 percent to Rs18.242 billion during the nine-month period ended March 31, 2021, from Rs3.008 billion during the same period last fiscal. The EPS stood at Rs38.86 during July-March 2020/21, compared to Rs6.41 during the same period last fiscal.
MIRPUR, Apr. 29 (Gwadar Pro)- Pakistan’s Federal Minister for Energy Hammad Azhar on Wednesday witnessed as chief guest the signing ceremony of Amendment in agreement for ±660 kV HVDC Matiari
Flagship CPEC power transmission line shelved till Sept
Business
April 2, 2021
LAHORE: The launching of flagship China Pakistan Economic Corridor (CPEC) 4,000mw South-North transmission line project has been delayed to September 2021, making grid stability and power affordability another pipe dream for now, The News has learnt.
The delay has been attributed to outstanding work, pending on the part of both state-owned transmission company and the contractor.
According to the Memorandum of Understanding signed between National Transmission and Despatch Company (NTDC) and the Chinese company, Pak Matiari-Lahore Transmission Company Pvt Ltd (PMLTC), it is clearly mentioned in the clause 6 that: Both Parties shall complete their outstanding works at the earliest to guarantee that the extended COD (commercial operation date) will be realised not later than 01.09.2021 .