Implementation deals for two Thar coal projects signed

Implementation agreements for two Thar coal-based power generation projects totalling 990 megawatts were signed at the Private Power and Infrastructure Board (PPIB) on Thursday for securing financing of $1.49 billion to cover the cost of the projects.

The agreements were signed by PPIB Managing Director Shah Jahan Mirza, Lucky Electric Coal Project Director Mohammad Asad and Siddiqsons Energy Coal Project Chief Operating Officer Muhammad Abdul Vakil. Earlier, Power Purchase Agreements (PPAs) of both projects were executed on March 7, 2018.

Published in The Express Tribune, 9th March, 2018