Prime Minister, Shahid Khaqab Abbasi inaugurated the first unit of 1320MW coal-fired power project at Port Qasim. The first unit will produce 660MW of electricity.
1320MW coal-fired power project worth $2 billion was initiated under the China Pakistan Economic Corridor (CPEC).
While addressing the inaugural ceremony, PM said that the first unit of the project of 660MW had been completed in 30 months – ahead of schedule – and he had been assured that the second unit of 660MW would also be completed ahead of the schedule and to be inaugurated in February 2018.
1320MW coal power project, jointly developed by Power China Resources Limited and Al Mirqab Capital of Qatar, was not only producing the cheapest power, but also was an environment-friendly.
He said the completion of the first unit of coal-fired power project was a significant milestone in CPEC, and for that both Power China Resources Limited and Al Mirqab Capital should be congratulated.
The PM said Pakistan was fully committed to CPEC, which was bound not only to push economic growth and prosperity in the country but was also creating job opportunities for the youth.
He also mentioned various power projects, including coal-fired, gas-fired and hydel-based which had added thousands of mega watts of power to the national grid over the last four and a half years as well as the measures that attracted foreign investment in the energy sector.
The PM said the main objective and purpose of the development projects, including the power projects, was to achieve high economic growth, generate job opportunities for the youth and bring prosperity for the people of Pakistan.