Fauji Fertilizer Power Plant at Port Qasim with a generation capacity of 118 megawatts is officially inaugurated by President Mamnoon Hussain.
Coal powered plant at Bin Qasim is an important addition to the public-private initiative against energy deficit in the country.
Addressing the ceremony, president said that Pakistan is steadily improving its power generation capacities and the recent addition through Fauji Foundation plant and it will be equally beneficial for Karachi.
Appreciating active involvement of the private sector in the endeavour, President Mamnoon Hussain said the joint efforts would help country overcome power shortage by the next year.
The government is also equally focused towards the agriculture sector and for the purpose has not only reduced the price of fertilizers but also enhanced purchase rates for wheat,” he said, adding that this would ultimately benefit the farmers.
With regard to China Pakistan Economic Corridor (CPEC), he said “the multi-pronged project once fully activated will propel the country towards exemplary political and economic heights.”
“It will definitely be a new milestone,” said the President of Pakistan reiterating that no change has been made in the route envisaged under the original CPEC plan. He urged the countrymen to join hands in the process of country’s development and prosperity.
“The efforts underway reflect positive sign and according to available indicators Pakistan will achieve seven percent growth rate by 2019,” said President Mamnoon Hussain.
He on the occasion also distributed shields and awards among Fauji Fertilizer Plant’s officers and workers.