This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Pakistan's First Hydroelectric Project Powered By IBM

ARMONK, N.Y., May 3, 2013 /PRNewswire/ -- Tenaga Nasional Bhd (TNB) Remaco, the builder of Pakistan's first private sector hydroelectric power scheme, has selected IBM (NYSE: IBM) software to streamline operations and help meet the business challenges of running the US$235 million plant. The addition of this power source will replace about 135,000 tons of imported oil, reducing carbon emissions and saving Pakistan approximately US$100 million per year in fuel costs. 1

(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )

Demand for electricity in Pakistan is growing rapidly in tandem with an increasing population. Currently, the total power generation capacity of Pakistan is 23,538 Mega Watts 1 (MW) with energy consumption having grown by almost 80 percent in the last 15 years. 2 The Pakistan Water and Power Development Authority (WAPDA) forecasts the country's electricity demand will increase to around 40,000 MW by 2020. 1

TNB Remaco, and Operation and Maintenance Contract Partner with builder Laraib Energy Limited, recently completed the 84 MW New Bong Hydroelectric Power Complex, which is located on the Jhelum River in Azad Jammu and Kashmir. The plant is expected to help meet Pakistan's growing energy needs by adding an estimated net annual of 540 Gigawatt hours (GWh) of energy to the national grid, and will enhance the water power generation capacity of Independent Power Producers (IPP) by 40 percent. 3   

"To be a global one-stop service provider for power-related works, we have to continue serving our customers with high-end quality services through transformational use of technology. IBM's solution will play a vital role in running the systems efficiently and helping to pave the way for rapid and full scale development of Pakistan's hydropower potential," said TNB President Che Khalib.

TNB Remaco selected IBM asset management software to automate its manual systems to provide predictive maintenance while helping to meet increased resource demands. Previously, finalizing approvals and searching for relevant information was a time consuming task as data was scattered across multiple systems. IBM software provides TNB Remaco's power plant with a single, consolidated view of all their energy data as well as asset and service management data, enabling employees to make better informed decisions about the plant's operations. The solution will also assist in planning inventory to meet precise maintenance demands, making the correct parts available at the right location whenever needed.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,853.45 -58.66 -0.35%
S&P 500 1,966.88 -3.07 -0.16%
NASDAQ 4,452.7230 +10.0250 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs