Latest news with #DasuTransmissionLineProject
Business Recorder
3 days ago
- Business
- Business Recorder
Shahid Nazir made NGC managing director
LAHORE: The Board of Directors of the National Grid Company (NGC) of Pakistan Limited (formerly NTDC), in its 297th meeting, has approved the appointment of Engr Muhammad Shahid Nazir as the Managing Director of NGC. A formal notification has been issued in this regard. Prior to this appointment, Engr Shahid Nazir was serving as the General Manager Project Delivery (North) at NGC. He brings over 32 years of experience in the power transmission sector and has been instrumental in the execution of several key power transmission projects. Engr. Shahid Nazir holds a Bachelor's degree in Electrical Power Engineering from the University of Engineering and Technology (UET) Lahore, a Master's degree in Electrical and Electronic Engineering from the University of South Asia, Lahore and an MBA in Finance from the University of the Punjab, Lahore. Throughout his distinguished career, he has played leading roles in major projects such as the Matiari-Lahore Transmission Line under the China-Pakistan Economic Corridor (CPEC) and the Dasu Transmission Line Project, where he served as Chief Engineer. He has also represented Pakistan abroad on deputation. His appointment follows the retirement of Engr. Muhammad Waseem Younas, who completed his term as Managing Director yesterday (Thursday). On his final day, Engr Waseem Younas met with NGC officers and staff, expressing his best wishes and appreciation for their support. Engr Shahid Nazir has been assigned with the role of Managing Director on stop-gap basis and will serve in this capacity until a permanent appointment is made. On appointment, talking to the officers and employees, Engr Shahid Nazir expressed his gratitude to the Board of Directors for their trust. He reaffirmed his commitment to ensuring timely completion of ongoing NGC projects. Copyright Business Recorder, 2025
Business Recorder
3 days ago
- Business
- Business Recorder
Shahid Nazir appointed as managing director of NGC Pakistan
The Board of Directors of the National Grid Company (NGC) of Pakistan Limited (formerly NTDC), in its 297th meeting, has approved the appointment of Engr Muhammad Shahid Nazir as the Managing Director of NGC. A formal notification has been issued in this regard. Prior to this appointment, Engr Shahid Nazir was serving as the General Manager, Project Delivery (North) at NGC. He brings over 32 years of experience in the power transmission sector and has been instrumental in the execution of several key power transmission projects. Nazir holds a Bachelor's degree in Electrical Power Engineering from the University of Engineering and Technology (UET) Lahore, a Master's degree in Electrical and Electronic Engineering from the University of South Asia, Lahore and an MBA in Finance from the University of the Punjab, Lahore. NGC BoD constitutes restructuring body to oversee transition Throughout his distinguished career, he has played a leading role in major projects, including the Matiari-Lahore Transmission Line under the China-Pakistan Economic Corridor (CPEC) and the Dasu Transmission Line Project, where he served as Chief Engineer. He has also represented Pakistan abroad on deputation. His appointment follows the retirement of Engr Muhammad Waseem Younas, who completed his term as Managing Director on Wednesday. On his final day, Younas met with NGC officers and staff, expressing his best wishes and appreciation for their support. Shahid Nazir has been appointed as Managing Director temporarily and will serve in this capacity until a permanent appointment is made. On appointment, talking to the officers and employees, Engr Shahid Nazir expressed his gratitude to the Board of Directors for their trust. He reaffirmed his commitment to ensuring the timely completion of ongoing NGC projects.
Express Tribune
15-05-2025
- Business
- Express Tribune
$500 million lost in Dasu project irregularities
The Senate Standing Committee on Economic Affairs was informed Wednesday that the national exchequer has suffered a loss of $500 million due to large-scale irregularities in the Dasu Transmission Line project. The panel raised questions over non-transparent tendering practices and the awarding of the contract to an inexperienced company for the plan. The committee meeting was chaired by Senator Saifullah Abro. The body expressed serious concerns over the sidelining of the lowest bidder without substantial justification, and awarding the contract to a company that reportedly lacked the necessary experience in manufacturing bundling conductors. Senator Abro noted that favouritism towards an inexperienced firm led to a massive financial loss, and strongly criticized relevant authorities for failing to uphold transparency in the procurement process. Officials from NESPAK and the National Transmission and Despatch Company (NTDC) were unable to provide satisfactory answers, drawing sharp criticism from committee members. The chairman directed that a full investigation be launched into the matter and called for action against those found responsible. The committee chairman directed that a thorough investigation be conducted and action taken against those responsible. The committee decided to refer the matter to the Public Accounts Committee for further scrutiny. The Dasu Transmission Line Project aims to transmit electricity from the Dasu Hydropower Plant to Islamabad. It involves a 765 kV double-circuit transmission line, spanning approximately 250 kilometers, with a Mansehra and Islamabad West grid stations along the route.
