Rs 410 Billion Reserved For Energy Projects in FY 2016-17, June 02,’16

The Federation in Pakistan has reserved Rs. 410 billion for energy projects in the financial year 2016-17. Meanwhile, the government has reserved Rs 60 billion for three Liquefied Natural Gas-fired plants, Rs 61 billion for Neelum Jhelum hydro-power project while Rs 42 billion for Dasu power project.

Furthermore, the government has set aside Rs 16 billion for Tarbela Fourth Extension Hydro Power Project while recommendation of spending Rs 22 billion on Chashma Nuclear Project III and IV has been tabled by authorities concerned. The Rs. 31 billion have reportedly, reserved for Water and Power division, Rs 32 billion for Diamer-Bhasha Dam, Rs 22 billion for Chashma coal project and Rs 2 billion for Gomal Zam Dam.


Chinese Energy Giant Plans 1bn Euro Biofuel Plant in Northern Finland

The Chinese firm Kaidi plans to build a large biodiesel refinery in northern Finland. The total investment could be as much as a billion euros and the construction could begin next year. The refinery would begin commercial operations by the end of 2019.