Power Generation

The connection between energy consumption and economic growth has been validated through various studies and surveys. The need for sustained growth in energy supply and infrastructure is undeniable. The China-Pakistan Economic Corridor (CPEC) envisages projects in energy and infrastructure, with a total financial outlay of around US$ 46 billion. Financial outlay of Energy sector’s projects are estimated to be US$ 34.74 billion. According to the Pakistan Economic Survey 2016-17, a total of 17,045 MW is envisaged to be added to the system with 10,000 MW expected in 2018.

In 2017, the government made all out efforts to increase and diversify its energy supply with long-term vision of the power sector to meet Pakistan’s energy needs. The CPEC has also become a source of coordination for developing energy related projects through indigenous energy resources such as coal, hydro and renewable sources. Energy imports of liquefied natural gas (LNG) and coal along with utilization of domestic resources like construction of Thar coal mines, hydro power stations, nuclear power plants, as well as several solar and wind farms will reduce the country’s reliance on oil and improve the energy mix.

In the backdrop of such pressing needs to maximize power generation capacity, Mizab Group has also ventured into power generation with special focus on hydro power. Currently, hydro power accounts for 30% share in electricity generation. This leaves enormous scope for investors to pour their resources into hydro power generation. The Group has collaborated with multiple companies through Noor Power, a hydro power generating company, over the past few years in various power generation projects. Several MoUs have been signed with various Chinese power generation companies.