ADB to give $900m for 600MW coal power plant

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ISLAMABAD – The Water and Power Ministry on Thursday said that Asian Development Bank (ADB) would provide $900 million for setting up of new power plant on imported coal at Jamshoro (Sindh) to produce 600 MW cheaper electricity.

The bank would also provide financial assistance for conversion of existing 800 MW jamshoro power plant on imported coal.

In a statement the ministry said that Klaus Gerhaeusser, Director General, Central West Asia Department on Thursday called on Federal Minister for Water and Power, Ch Ahmed Mukhtar and told him that bank would provide  $900 million for producing 600 MW cheaper electricity with imported coal at Jamshoro (Sindh).

During the meeting, Gerhaeusser asked to early start the project to complete it on time. He said that the bank is aware of the importance of Diamer Bhasha Dam (DBD) project for Pakistan and its construction would play a major role to ease the energy problem in Pakistan. The case for financing DBD project is under process and more talks would be held with Pakistani authorities on the financing of mega projects as technical team of the bank is due next week. DBD would generate 4500 mw cheaper, clean and green energy having live storage of 6.4 MAF.

 

Courtesy: The Nation


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