Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
CDA seeks loan for LED project
03-15-2012, 01:12 PM
Post: #1
CDA seeks loan for LED project
CDA seeks loan for LED project

* Official says authority to take loan from federal government to pay its part of Rs 1.6 billion

ISLAMABAD: The Capital Development Authority (CDA) plans to acquire a loan for execution of the long-pending Light Emitting Diodes (LED) project to replace the existing streetlights system for energy saving purposes.

Rs 6.5 billion are needed for the implementation of the LED lights project.

The official said the Authority is planning to launch the project by taking a Cash Development Loan (CDL) after consulting the Ministry of Finance.

A firm named Oslo has shown interest in providing loan amounting to Rs 4.9 billion to CDA to launch the project, while the authority would take another loan from the federal government to pay its part of Rs 1.6 billion, the official said.

In a recently held CDA board meeting, a three-member committee headed by Planning Member, has been asked to compile, once again, a detailed report on the project and present it to the board in the upcoming meeting.

The official said CDA is exploring the options to conserve electricity and decrease the huge cost incurred on operating streetlights in the federal capital.

Replacement of the existing conventional lights with LED lights would save 52 percent of the Authoritie’s energy requirements, which will reduce a load of 8.32 MW on the national grid. Earlier, the CDA chairman, engineer Farkhand Iqbal said that the current energy shortage in the country either increasing the energy production or reduce consumption.

CDA is managing around 65,000 conventional streetlights in Islamabad, adding a load of 16MW on the national grid and incurring an annual expense of over Rs 1.2 billion, which is growing every year.

Iqbal said that as per figures, electricity cost has increased by 29 percent over the last three years and the trend is expected to continue.

The chairman has said that the life of proposed LED lights is more than 20 years and the project, if implemented, will reduce by 52 percent the Authority’s energy requirement every year, which will reduce a load of 8.32MW on the national grid and will save about 42,263MW per annum. The electricity savings and savings from repairs and maintenance on existing lighting infrastructure, of first 10 years will be used to repay the investment. app
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  State Bank Remove Loan Limit for Real Estate Sector Salman 0 4,111 01-07-2014 02:29 PM
Last Post: Salman
  IHC seeks record of encroachment from CDA Salman 0 2,915 04-16-2013 12:51 PM
Last Post: Salman
  CDA seeks bidders for more plots Salman 0 1,979 05-01-2012 01:48 PM
Last Post: Salman
  President seeks speedy completion of M-9 project Salman 0 2,442 04-25-2012 12:36 PM
Last Post: Salman
  CM announces Rs 20bn loan package for youth Salman 0 3,206 03-09-2012 12:21 PM
Last Post: Salman
  LDA seeks outside help for parking plazas Lahore_Real_Estate 0 2,201 01-25-2012 11:57 AM
Last Post: Lahore_Real_Estate
  CDA seeks partners for LED project Lahore_Real_Estate 0 1,840 10-24-2011 12:58 PM
Last Post: Lahore_Real_Estate
  HBFCL launches home renovation loan scheme Lahore_Real_Estate 0 2,433 10-05-2011 01:24 PM
Last Post: Lahore_Real_Estate
  Lahore Waste Management Company Gets Rs 500 Million Loan! LRE 0 3,689 03-07-2011 08:07 PM
Last Post: LRE
  SBP Increase Personal Loan LImit Upto Rs 3.0 Million LRE 0 2,729 01-08-2011 12:54 AM
Last Post: LRE
  Student Loan Programme Lahore_Real_Estate 0 3,199 12-23-2010 02:03 PM
Last Post: Lahore_Real_Estate
  Islamabad: China to give loan for Sector I-15 development Lahore_Real_Estate 0 3,213 10-26-2010 02:37 PM
Last Post: Lahore_Real_Estate
  Loan to Pakistan not under US pressure: IMF Lahore_Real_Estate 0 2,056 10-23-2010 12:20 PM
Last Post: Lahore_Real_Estate
  SC orders banks to issue notices to loan beneficiaries Lahore_Real_Estate 0 2,456 10-21-2010 04:43 PM
Last Post: Lahore_Real_Estate
  Loan Settled? LRE 0 2,059 08-10-2010 11:54 PM
Last Post: LRE
  WB approves $146mn loan to Pak Lahore_Real_Estate 0 2,034 07-02-2010 12:56 PM
Last Post: Lahore_Real_Estate
  Rs 9 billion Bank of Punjab loan scam Lahore_Real_Estate 0 2,565 05-28-2010 10:20 AM
Last Post: Lahore_Real_Estate
  Punjab govt to return State Bank loan Lahore_Real_Estate 0 2,823 05-25-2010 11:47 AM
Last Post: Lahore_Real_Estate
  HBL: Rs1 Billion 230 Millions MORE Loan Written Off! LRE 0 2,469 02-24-2010 10:01 PM
Last Post: LRE
  256 Billion Rupees Loan Written Off in 38 Years! LRE 1 2,859 02-03-2010 11:48 AM
Last Post: LRE

Forum Jump:


User(s) browsing this thread: 1 Guest(s)