Old Power Plants' Scrap Sold for Rs46.7b

Govt nets Rs46.73b from sale of scrap from 61 state-owned power units

ISLAMABAD  -  Pakistan has fetched Rs46.73 billion by selling the scrap of 61 defunct public sector generation units under Genco Holding Company Limited

Old power plants' scrap sold for Rs46.7b

The Power Division has completed the sale of scrap from 61 old and non-functional government-owned thermal power plants, generating Rs46.73 billion, which was higher than the original reserve price. According to the Power Division, the auction process was carried out in two phases. Experts from the State Bank of Pakistan helped determine the reserve price, which was set at Rs45.82 billion. The final sale price surpassed expectations, reaching Rs…

Pakistan sells scrap from idle power plants for Rs46.7bn

ISLAMABAD: Pakistan has completed the sale of scrap from 61 obsolete state-owned thermal power plants for Rs46.73 billion, slightly above the reserve price of Rs45.82 billion, in a move officials...

Govt sells obsolete Genco plants to Wah Industries

Sale raises Rs46.73bn after auction failure; over 3,900 employees reassigned or retained.

Pakistan govt earns Rs46.73bn from scrap sale of 16 units

ISLAMABAD: The Power Division announced on Friday that the government has successfully sold scrap from 16 units for...

61 government-owned scrap power plants sold for Rs46.73bn

ISLAMABAD: Around 61 government-owned defunct power plants have been sold for Rs46.73bn, according to the Power Division. Employees from these now-defunct plants are being redeployed to electricity distribution companies to better utilize their expertise. These government plants were previously incurring annual expenses running into billions of rupees. This sale has not only resulted in annual savings of billions of rupees at the national level,…