Shanghai Electric bringing a giant $4bn investment in Thar power plants

The amount will be spent on establishment of two 1,320MW power plants at Thar Coal Block-I.

0
  • The amount will be spent on the establishment of two 1,320MW power plants.
  • The financial close of the project will be finalized at the end of the year.
  • The project holds the capacity of 660 megawatts.
  • The project was concluded under the CPEC (China-Pakistan Economic Corridor) via public-private partnerships.

Thar

Shanghai Electric, a known and reputed Chinese company, will be making a gigantic $4billion investment in Thar. The amount will be spent on the establishment of two 1,320MW power plants at Thar Coal Block-I, as reported by Radio Pakistan.

The available details indicate that a  seven-member delegation of Shanghai Electric called Sindh Chief Minister Syed Murad Ali Shah at the Chief Minister’s House yesterday discussing the projects.

Commenting on the event, CM Sindh Murad Ali Shah said that the financial close of the project will be finalized at the end of the year. He further added that these projects will have a significant impact on the progress and will generate quality employment opportunities in the province. 

Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari inaugurated Thar Coal Power Project in April. The project, one of its kind, holds the capacity of 660 megawatts. It consists of two power generation units of 330MW each.

Sindh Chief Minister Murad Ali Shah and the senior PPP leadership, along with Sindh cabinet members, were part of the inauguration ceremony. The project was concluded under the CPEC (China-Pakistan Economic Corridor) via public-private partnerships. The Sindh government had given a sovereign guarantee of $700 million for this project.


Also See: 
Government Under Langar Scheme Aims To Work Together With Private Welfare Organizations

What are your views on this? Share with us in the comments bar below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept

>