Pacts signed for two coal projects

The government signed implementation agreements on Thursday with two coal-based private power projects of 990 megawatts for commercial operations in 2021.

The agreements were signed between the Private Power & Infrastructure Board (PPIB) on behalf of the government, the 660MW Lucky Electric and the 330MW Siddiq Sons involving a total investment of $1.490 billion. The implementation agreement is the final stage to kick-start physical work and enable investors to achieve the financial closing.

Published in Dawn, 9th March, 2018