An Memorandum of Understanding (MoU) has been signed by Arab National Construction (ANC) Holding LLC, Dubai, as well as Pakistani Government officials from the Private Power and Infrastructure Board (PPIB) and the Ministry of Water & Power.
The MoU relates to the construction of two 660 MW coal-fired power plants in the Pakistan Power Park in Gaddani.
The Dubai company will also build a jetty in addition to the power project, which will bring an estimated US$ 2.5 billion investment.
Prime Minister of Pakistan, Nawaz Sharif, was present during the signing ceremony, which was held at the Prime Minister’s house. Sharif reportedly expressed happiness over the signing of the MoU and said the government had taken bold initiatives to address the issue of energy shortfall through several short- and long-term projects.
The projects are scheduled to be completed within three years.
The Pakistan Power Park in Gaddani will soon be home to a number of coal-fired power plants each with a capacity of 660 MW. Six projects will receive significant Chinese investment, two will be constructed by ANC Dubai and one has been initiated by the Government of Pakistan.
Twelve coal-fired power plants have also been planned at Sahiwal and five other locations in the Punjab region of Pakistan. The Prime Minister has reminded coal power and mining companies that the government was offering several incentives for investment in the power sector.
Edited from various sources by Sam Dodson
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