Pakistan’s Largest LNG plant reach financial close

The project of the largest ever LNG fired plant in Pakistan has reached a financial close. Relevant documents have been signed by the Private Power & Infrastructure Board (PPIB) and Punjab Thermal Power (Pvt) Limited (PTPL).

The 1,263 MW LNG-fired PTPL power project will be established at a cost of $708 million. The plant is located near Trimmu Barrage; District Jhang is based on re-gasified liquefied natural gas (RLNG),

The financial closing ceremony was witnessed by the Minister for Energy, Hammad Azhar and Punjab Energy Minister, Dr. Akhtar Malik. The documents were signed by Shah Jahan Mirza, Managing Director PPIB and Akhtar Hussain Mayo, Chief Executive Officer of PTPL while Chairman PPIB/Secretary Power Division, Ali Raza Bhutta and other senior officials of Power Division, PPIB and the project company witnessed the proceedings.

The mammoth project will generate more than 3000 employment opportunities during construction phase while 2000 would be generated during its operations. The project is expected to be online by October 2021 on open cycle mode and on combined cycle mode by June 2022.