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Remittances surge 11.3pc to $15.8bln in six months

Chairman NEPRA visits Pak-Matiari Converter Station in Lahore

February 18, 2022

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Chairman NEPRA visits Pak-Matiari Converter Station in Lahore

Web DeskbyWeb Desk
February 18, 2022
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Remittances surge 11.3pc to $15.8bln in six months
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ISLAMABAD, February 18: Chairman NEPRA, Mr. Tauseef H. Farooqi along-with NEPRA professionals visited Pakistan first ever High Voltage Direct Current (HVDC) Transmission Line, Matiari Lahore Converter Station at Lahore. The Transmission Line is first of its kind in Pakistan having transmission capacity of 4,000 megawatts (MW) at ±660 kV from south to north. The Chairman was briefed by the CEO Pak Matiari-Lahore Transmission Company (Private) Limited (PMLTC) regarding functions of converter station, its management, safety and security measures and employment of Pakistan’s skilled and unskilled labor. The project is on Build, Own, Operate and Transfer (BOOT) basis, therefore, the initiative of employing Pakistani engineers has been taken to smoothly process the same for transfer of technology and eventual handing-over to Pakistan after 25 years of service. The Chairman appreciated the efforts of Chinese Company and also ensured that NEPRA being custodian of interests of the consumers as well as investors will provide a level playing field to all and will welcome such mega projects in Pakistan with the help of the private sector. At the end, Chairman NEPRA planted a sapling to promote green and clean Pakistan in line with the vision of Prime Minister of Pakistan.-PR

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