Agreement signed for Punjab Power Plant

The Punjab government and a Chinese energy company, China Machinery Engineering Corporation signed the 1263 megawatt gas power project. Ahad Cheema, Chief Executive Officer of the Punjab Thermal Power Company signed the agreement on behalf of the Punjab government while Fung Yung Choy, Vice President inked the agreement on behalf of the China Machinery Engineering Corporation.

As per agreement, the Chinese company will establish this project near Trimmu Barrage, Jhang. As much as 810 megawatt electricity will be produced from Punjab power plant in a short period of 14 months while a total of 1263 megawatt electricity will be included in the national grid after the completion of the project in 26 months.

The vice president of China Machinery Engineering Corporation, Fung Yung Choy said on the occasion that best work has been done with regard to development in the Punjab. Punjab Power Plant will be an example of its own with regard to transparency and this Punjab Power Plant initiative will be a benchmark and we will complete this project in the scheduled timeframe,” he said.

While addressing the ceremony, Punjab Chief Minister Shahbaz Sharif said the Punjab government has decided to install a gas-based 1263 megawatt power plant in Jhang from its own resources.

The Bhikki, Balluki and Haveli Bahadur Shah’s 3600 megawatt gas-based power plants are generating electricity. 1320 megawatt Sahiwal Coal Power Plant is fully functional. Further, 400 megawatt solar energy power plants are also setup in Quaid-e-Azam Solar Park Bahawalpur and a Turkish Company is installing 300 megawatt solar power plant with a tariff of 6 cent and 5.15 cent.