Prime Minister Nawaz Sahrif and Arab National Holding Chairman Tayeb Abdul Rahim Ahmed al Baker witness signing of power plants construction agreement. PHOTO: APP
ISLAMABAD:
A Memorandum of Understanding (MoU) was signed between Private Power and Infrastructure Board (PPIB), Ministry of Water & Power and Arab National Construction (ANC) Holding LLC Dubai for the construction of two 660 megawatt (1,320 MW) coal-based power generation plants at Pakistan Power Park in Gaddani. The company will also construct a jetty as part of the deal.
The project will bring in approximately US$2.5 billion in investment in Pakistan and is scheduled for completion within three years. Prime Minister Nawaz Sharif and Chairman ANC Tayeb Abdul Rahim Ahmed Al-Baker witnessed the signing ceremony. Minister for Water and Power Khawaja Muhammad Asif, junior minister Abid Sher Ali, Secretary Water and Power Saifuallah Chatta and other officials were also present on the occasion.
Earlier the ANC delegation called on the prime minister at PM House. The prime minister termed the project ‘another milestone towards energy self-reliance’ in Pakistan and said the energy sector is a ‘priority sector’.
He added that ten 660 MW coal based power plants have been planned for Pakistan Power Park in Gadani, where China has agreed to invest in six projects as well. Additionally, he said two 660 MW coal based power plants are planned for Port Qasim, twelve 660 MW coal-based plants in Sahiwal and five other locations in Punjab. Other projects include a 1,000 MW Solar Power Park in Punjab, 1,420 MW Hydel Power House at Tunnel 4 Tarbela Dam and 1,310 MW Hydel Power House at Tunnel 5 Tarbela Dam.
The PM said the MoU with Qatar on the import of LNG and the US$1 billion investment by ADB in the Jamshoro power generation project are ‘clear manifestations of foreign investors’ trust in the government’s pro-investment policies’.
Published in The Express Tribune, March 6th, 2014.
COMMENTS (6)
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ET! why don't you ever post my comments? U guys are biased!!!
You guys are just a bunch of fools! seriously our youth is so demoralised by this opportunist Imran khan that they don't even appreciate anything postive!! Can't you guys do the sums? The current NS government is working on generating 15000-20000 MWs of electricity through different sources which if these ilazam khan and cronies let them do then there will be enough energy for our future generations. Think about it and support the people who are working for this country rather than ones who want to force it to anarchy. ET please post this!!
World is shifting towards clean energy and now we will start coal energy hats off :)
So whats the pro investor policy here? what are the rates we are signing these agreements on? will these make any cheaper electricity for Pakistan or its same tariffs that we have signed with current IPP and paying through nose all these with interests on top!
These are the Sharif's construction partners in Dubai. Coincidence? I think not.