HUBCO 330MW ThalNova Power achieves financial close

The Government of Pakistan has notified the achievement of Financial Closing by ThalNova Power Thar Private Limited (TNPTL). TNPTL has been incorporated to set up a 330MW mine-mouth lignite-fired power plant, for power generation and is joined by a consortium comprising of Thal Limited, Novatex Limited, China Machinery Engineering Corporation and Descon Engineering Limited. Mr. […]

AI based cyber security platform being developed

National Clearing Company of Pakistan Limited (NCCPL) and NED – National Center for Cyber Security (NCCS) have teamed up for the development of a comprehensive Artificial Intelligence (AI) based Cyber security system that will ensure smart and efficient management of cyber security. In early February 2020 a memorandum of understanding (MoU) was signed between between […]

Govt to save Rs 836 billion with IPPs deal

The recent deal of the government with the independent power producers (IPPs) can potentially save Rs 836 billion in the longer run if the deal becomes successful. According to the details of the agreement the government has struck a deal with 47 IPPs in which the government has to clear overdue receivables of IPPs of […]