Implementation deal signed for Thar coal-power project

Thar coal-based power generation project of 1,320 megawatts paves way for financing of $1.91 billion

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has signed implementation agreement for Pakistan’s largest Thar coal-based power generation project of 1,320 megawatts, paving the way for financing of $1.91 billion as the cumulative project cost.

“The project is based on state-of-the-art super critical technology. The signing of the agreement is yet another step forward by the government to encourage the tapping of domestic resources,” said PPIB in a statement on Monday. Energy Minister Omar Ayub Khan, who is also the PPIB chairman, appreciated the efforts made to expedite the processing of independent power projects (IPPs) based on locally produced fuel.

PPIB Managing Director Shah Jahan Mirza and Thar Coal Block-I Power Generation Company (TCB-I) CEO Meng Donghai inked the documents. Power purchase agreement has already been reached for the project. 

Published in The Express Tribune, December 17^th, 2019.

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