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Chinese transmission threatens to move Pak company to court

Chinese transmission threatens to move Pak company to court
batonrougepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from batonrougepost.com Daily Mail and Mail on Sunday newspapers.

Zhang Lei , Naveed Ismail , Pak Matiari , Lahore Transmission Company , Power Division , Ministry Of Foreign Affairs , National Transmission Dispatch Company , News International , China Division , Pak Matiari Lahore Transmission Company , Transmission Company , China Pakistan Economic Corridor , Chief Executive Officer , Federal Energy Minister , Secretary Power Division , Director General , Independent Engineer , ஜாங் லீ , நவீத் இஸ்மாயில் , பக் மதியரி , லாகூர் பரவும் முறை நிறுவனம் , பவர் பிரிவு , அமைச்சகம் ஆஃப் வெளிநாட்டு வாழ்க்கைத்தொழில்கள் , தேசிய பரவும் முறை அனுப்பவும் நிறுவனம் , செய்தி சர்வதேச , சீனா பிரிவு ,

Deadlock in commissioning of Matiari-Lahore HVDC transmission project

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February 10, 2021
ISLAMABAD: In the latest development, Chinese company Pak Matiari- Lahore Transmission Company (PMLTC), which completed ±660kV Matiari-Lahore HVDC Transmission Project with investment of $2.2 billion in two years time, has threatened to move the international arbitration court against the government-owned company National Transmission Dispatch Company (NTDC) for creating hurdles in the commissioning of the project.
The Chinese company has asked the board of directors of NTDC to hold a meeting and give it an opportunity for briefing on the causes of oscillation that happened on December 2, 2020 during the commissioning of the system. The project is the major flagship project of CPEC scheduled to achieve commercial operations date (COD) on 1st of March 2021. However, due to the deadlock, the commercial operation date of the project is in jeopardy. ....

Zhang Lei , Naveed Ismail , Pak Matiari , Khawaja Riffat Hasan , Energy Omar Ayub Khan , National Transmission Dispatch Company , Lahore Transmission Company , Transmission Services Agreement , Power Division , Ministry Of Foreign Affairs , Pak Matiari Lahore Transmission Company , China Division , Transmission Company , Chief Executive Officer , Federal Energy Minister , Secretary Power Division , Director General , Federal Minister , Independent Engineer , Tariff Determination , ஜாங் லீ , நவீத் இஸ்மாயில் , பக் மதியரி , ஆற்றல் ஓமர் அயூப் காந் , தேசிய பரவும் முறை அனுப்பவும் நிறுவனம் , லாகூர் பரவும் முறை நிறுவனம் ,

Road projects: CAG faults IIFCL for deficiencies in lending - The Hindu BusinessLine

February 09, 2021
Adopting best practices in lending, the state-owned infra lender has ‘a long way to go’
The Comptroller and Auditor General of India (CAG) has come down heavily on India Infrastructure Finance Company Ltd (IIFCL) for its deficiencies in lending to road projects.
The state-owned IIFCL still has a long way to go in achievement of its mission of adopting best practices and developing core competences for facilitating infrastructure development, the CAG said in a report tabled in Parliament on Tuesday.
Several deficiencies, including not giving due cognisance to the major risk of Right of Way availability to projects, led to loan of ₹1,895.50 crore to nine projects, out of 32 projects examined in audit, becoming a NPA, the report highlighted. ....

Parliament On , India Infrastructure Finance Company Ltd , Auditor General , Common Loan Agreement , Independent Engineer , Takeout Finance Scheme , பாராளுமன்றம் ஆன் , இந்தியா உள்கட்டமைப்பு நிதி நிறுவனம் லிமிடெட் , தணிக்கையாளர் ஜநரல் , சுயாதீனமான பொறியாளர் , வெளியே எடு நிதி திட்டம் ,

Attempt to make the 'black spot' on Ring Road a safe zone

Attempt to make the ‘black spot’ on Ring Road a safe zone
Updated:
Updated:
It has witnessed nine fatal accidents and 25 non-fatal accidents in six years
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Deputy Commissioner of Police (Traffic) K. Sugumaran inaugurating a new caution sign board at Vaikkom Periyar Nagar-Ring Road junction in Madurai on Tuesday. | Photo Credit: G. Moorthy
It has witnessed nine fatal accidents and 25 non-fatal accidents in six years
Nine fatal accidents and 25 non-fatal accidents in six years have made Vaikkom Periyar Nagar – Madurai Ring Road junction a major black spot in the city. As part of making this junction safe for road users, the City Traffic Police have taken a series of measures. ....

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Battle North Gold Signs Commitment Letter for a US$40 Million Credit Facility to Fully Fund the Development of the Bateman Gold Project

Battle North Gold Signs Commitment Letter for a US$40 Million Credit Facility to Fully Fund the Development of the Bateman Gold Project
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Battle North Gold Corporation (TSX: BNAU) (OTCQX: BNAUF) (
Battle North or the
Commitment Letter ) with Macquarie Bank Limited (
Macquarie ) for a senior secured term loan facility of US$40 million (
Credit Facility ) to be used to fund the construction of the 100%-owned, shovel-ready Bateman Gold Project (the
Project )[1] in Red Lake, Ontario, Canada. The proceeds of the Credit Facility, together with cash currently on the Company s balance sheet, is expected to fully fund the Project to Commercial Production. ....

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