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$2 bn Suki Kinari Hydro Power Project to become operational by Dec 2022--China Economic Net


 
MANSEHRA, May 1 (Gwadar pro)- China-Pakistan Economic Corridor (CPEC) Authority chief Lt. General Asim Saleem Bajwa (retd) said on Friday evening that CPEC’s US$ 2 billion worth Suki Kinari Hydro Power Project is expected to become operational by December 2022.
 
In a tweet, Bajwa said that 60 percent work of the Suki Kinari Hydro Power Project had been completed. Bajwa’s tweet came after he attended the Secondary River Closure ceremony of the 884MW hydropower project.
 
On Friday, the Suki Kinari (SK) Hydropower Project in the Khyber-Pakhtunkhwa province achieved the second-stage river closure, entering a new phase of its dam construction.
 
Suki Kinari Hydropower Project is the largest independent hydro power producer in Pakistan, expected to generate 3,081 GWh million units per year, the Chinese embassy in Pakistan said. ....

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South Africa to lift power generation licence threshold to 10MW


South Africa to lift power generation licence threshold to 10MW
By Alexander Winning - 23 April 2021
Some local experts have said the threshold should be lifted to 50 MW, given the extent of the power shortfall and the fact that many companies want to build facilities larger than 10 MW.
Image: 123RF
South Africa plans to lift the licensing threshold for small-scale power generation projects to 10 megawatts (MW) from 1MW, a government notice showed on Friday, giving a boost to firms anxious to curb their reliance on ailing state utility Eskom.
SA regularly suffers electricity outages because of faults at Eskom s creaking coal-fired power stations. ....

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Govt forms body to finalise tax


Govt forms body to finalise tax
Proposal seeks tax cut on EPC supply contract for Kohala, Azad Pattan projects
Both the companies had raised the issue that at the time of announcement of the Policy for Power Generation Projects 2002, there was no tax on payments made to an offshore supply contractor. PHOTO: FILE
ISLAMABAD:
The government has formed a committee to finalise a proposal for reducing tax on offshore engineering, procurement and construction (EPC) supply contracts relating to 1,124-megawatt Kohala and 700MW Azad Pattan Hydropower Projects.
At present, there is 2.1% withholding tax that has exposed companies to an additional tax and cost, according to a brief on the tax levy on offshore supply contracts prior to the Finance Act 2018 and changes in the tax regime enacted through the Finance Act 2018. ....

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