BoP to provide Rs 20 Billion for PTPL

The Bank of Punjab (BOP) has agreed to provide Rs. 20 Billion for the 1,263MW RLNG-fired Punjab Thermal Power Limited (PTPL).

In this regard an award signing ceremony was also held between BoP, Punjab Thermal Power Limited (PTPL) and Energy Department, Government of the Punjab (GoPb), at BoP head office.

PTPL, sponsored by Energy Department, GoPb, is developing a 1,263MW RLNG-fired power plant to provide clean energy in Pakistan with a project outlay of Rs 120 billion. It is one of the largest and most efficient independent power producers in Pakistan, which shall help in addressing energy deficit problem of the country at an affordable cost.

The award of debt arrangement mandates is a testament of PTPL and Government of Punjab’s trust on the investment banking capabilities of The Bank of Punjab. The ceremony was attended by Ajmal Bhatti (Secretary Energy, GoPb), Salman Zakaria (CEO, PTPL), Ghazanfar Jillani (Director& Acting, BOP) and Zafar Masud (President & CEO, BOP) along with other senior officials of PTPL and BOP.