{"id":101330,"date":"2025-02-10T16:30:17","date_gmt":"2025-02-10T11:30:17","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101330"},"modified":"2025-02-10T16:30:20","modified_gmt":"2025-02-10T11:30:20","slug":"chinese-firm-keen-on-setting-up-steel-mills-in-kp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/chinese-firm-keen-on-setting-up-steel-mills-in-kp.html","title":{"rendered":"Chinese firm eyes hydropower plant for setting up steel mills in KP"},"content":{"rendered":"\n<p>Peshawar: A Chinese investment firm, China Century Steel Mills, has expressed interest in purchasing 120 megawatts of low-cost hydropower from the Chakdara Swat Corridor to establish steel mills in Khyber-Pakhtunkhwa (KP).<\/p>\n\n\n\n<p>Representatives of the company met with Engr. Tariq Sadozai, Special Assistant to the Chief Minister on Energy, to discuss investment opportunities in the province\u2019s energy and industrial sectors. Sadozai emphasized the importance of private sector participation in utilizing KP\u2019s abundant natural energy resources, stating that strategic investments in power projects could boost industrialization and accelerate economic growth.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/bizhub-portal-launched-smes-across-kp.html\" target=\"_blank\" rel=\"noreferrer noopener\">KP Govt launches \u2018BizHub\u2019 portal to empower SMEs<\/a><\/p>\n\n\n\n<p>He also highlighted the establishment of the Khyber-Pakhtunkhwa Transmission and Grid System Company (KPT&amp;GSC), a major initiative aimed at enhancing power transmission efficiency and maximizing the benefits of energy projects developed under the Pakhtunkhwa Energy Development Organization (PEDO).<\/p>\n\n\n\n<p>Major Transmission Projects in KP<br>Adviser on Power Tila Muhammad briefed the Chinese delegation on three key transmission projects planned under KPT&amp;GSC:<\/p>\n\n\n\n<p>Phase 1: A 40-km transmission line from Kalam to Madyen at Rs8 billion, expected to be completed in 18 months.<br>Phase 2: An 80-km transmission line from Madyen to Chakdara, costing between Rs16 billion and Rs18 billion, with completion targeted in four years.<br>Phase 3: The introduction of a modern transmission system to efficiently distribute 171MW from completed PEDO projects and 1,000MW from ongoing initiatives.<br>The Chinese delegation welcomed these initiatives, viewing them as an opportunity to strengthen KP\u2019s power infrastructure and support industrial expansion in the region. Sadozai termed their interest a significant step toward KP\u2019s economic and industrial development.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/wb-extends-118m-kprmp.html\" target=\"_blank\" rel=\"noreferrer noopener\">USD 118mn KPRMP gains WB\u2019s approval<\/a><\/p>\n\n\n\n<p>Meanwhile, the provincial government is considering taking control of the Peshawar Electric Supply Company (PESCO) to improve power distribution. In a meeting chaired by Sadozai and PESCO\u2019s Board Chairman Himayatullah Khan, options such as privatization or provincial management were explored. Officials revealed that PESCO is facing annual losses of Rs130 billion due to high line losses and low recovery rates. The KP government is currently assessing strategies to enhance PESCO\u2019s efficiency and financial stability.<\/p>\n\n\n\n<p>The discussions reflect KP\u2019s growing focus on energy-driven industrialization and efforts to attract foreign investment for sustainable economic development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peshawar: A Chinese investment firm, China Century Steel Mills, has expressed interest in purchasing 120 megawatts of low-cost hydropower from the Chakdara Swat Corridor to establish steel mills in Khyber-Pakhtunkhwa (KP). Representatives of the company met with Engr. Tariq Sadozai, Special Assistant to the Chief Minister on Energy, to discuss investment opportunities in the province\u2019s energy and industrial sectors. Sadozai emphasized the importance of private sector participation in utilizing KP\u2019s abundant natural energy resources, stating that strategic investments in power projects could boost industrialization and accelerate economic growth. Read: KP Govt launches \u2018BizHub\u2019 portal to empower SMEs He also highlighted the establishment of the Khyber-Pakhtunkhwa Transmission and Grid System Company (KPT&amp;GSC), a major initiative aimed at enhancing power transmission efficiency and maximizing the benefits of energy projects developed under the Pakhtunkhwa Energy Development Organization (PEDO). Major Transmission Projects in KPAdviser on Power Tila Muhammad briefed the Chinese delegation on three key transmission projects planned under KPT&amp;GSC: Phase 1: A 40-km transmission line from Kalam to Madyen at Rs8 billion, expected to be completed in 18 months.Phase 2: An 80-km transmission line from Madyen to Chakdara, costing between Rs16 billion and Rs18 billion, with completion targeted in four years.Phase 3: The&hellip;<\/p>\n","protected":false},"author":18,"featured_media":94259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[62444,62442,7553,20718,62449,4295,7502,60204,47122,62445,62448,2515,62446,62450,62443,19378,62447,60345,6084,5980],"persona":[],"class_list":{"0":"post-101330","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-chakdara-swat-corridor","9":"tag-china-century-steel-mills","10":"tag-chinese-investment","11":"tag-economic-development","12":"tag-electricity-distribution","13":"tag-foreign-investment","14":"tag-hydropower","15":"tag-industrial-growth","16":"tag-infrastructure-development","17":"tag-khyber-pakhtunkhwa-2","18":"tag-kp-energy-sector","19":"tag-kp-government","20":"tag-kptgsc","21":"tag-pakistan-energy-projects","22":"tag-pedo","23":"tag-pesco","24":"tag-power-transmission","25":"tag-private-sector-investment","26":"tag-renewable-energy","27":"tag-steel-mills","28":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chinese firm keen on setting up steel mills in KP - Zameen News<\/title>\n<meta name=\"description\" content=\"...purchasing 120 megawatts of low-cost hydropower from the Chakdara Swat Corridor to establish steel mills in..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/chinese-firm-keen-on-setting-up-steel-mills-in-kp.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese firm keen on setting up steel mills in KP - Zameen News\" \/>\n<meta property=\"og:description\" content=\"...purchasing 120 megawatts of low-cost hydropower from the Chakdara Swat Corridor to establish steel mills in..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/chinese-firm-keen-on-setting-up-steel-mills-in-kp.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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