IAs of 990MW Thar coal projects inked

The Implementation Agreements (IAs) of two Thar coal-based power generation projects totaling 990 MW were signed Thursday at Private Power and Infrastructure Board (PPIB) for materializing the financing of $1,490 million as the cumulative projects cost.

Shah Jahan Mirza, Managing Director PPIB, signed the documents with Mohammad Asad. Project Director of M/s Lucky Electric Coal Project and Muhammad Abdul Vakil, Chief Operating Officer of M/s Siddiqsons Energy Coal Project. The signings were witnessed by senior officers of PPIB and other high-level officials representing both projects. Earlier, the Power Purchase Agreements (PPAs) of both the projects were executed on 7th March 2018, said a press release.

Published in Business Recorder, 9th March, 2018