Friday 20 September 2013

Pakistan Power Park: Balochistan govt to be equity partner in 6,600MW project

Prime Minister Nawaz Sharif receives a briefing on the Pakistan Power Park at Gadani, alongside Finance Minister Ishaq Dar and the chief ministers of Sindh and Balochistan.

The Balochistan government will be an equity partner in the 6,600 megawatts Pakistan Power Park at Gadani, the project’s steering committee decided in its inaugural meeting on Saturday. Chief Minister Dr Abdul Malik Baloch thanked Prime Minister Nawaz Sharif – who is also chairman of the steering committee – for his persistent personal interest in the coal-fired power project.

Assuring his government’s support for a timely completion of the project, the chief minister offered to invest more than the agreed equity to become a bigger partner in the project.

The prime minister directed concerned officials to ensure the fast-track completion of the project and warned that no delays would be tolerated. He directed the finance ministry to release funds for the Pakistan Power Park as soon as possible and approved the appointment of focal persons for the project in different government departments.

He also asked concerned officials to arrange road shows, both at home and abroad to create awareness and attract investment in the project. He also told the meeting participants about the immense investors’ interest in the project.

The steering committee was earlier briefed by Water and Power Secretary Saifullah Chatta on the salient features of the project and the progress made thus far. Both the prime minister and the finance minister, who was also present in the meeting, appreciated the progress made by the ministry of water and power and assured their continued support to the project.

< Express Tribune >

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