News
ANC Dubai, Pakistan sign MoU for power generation plantISLAMABAD: A memorandum of understanding (MoU) was signed between the PPIB (Ministry of Water and Power) and the Arab National Construction (ANC) Holding LLC Dubai for construction of two 660 megawatt (1320 MW) coal based power generation plants at Pakistan Power Park in Gaddani.
Prime Minister Muhammad Nawaz Sharif termed the Coal-Based Power Project MoU between ANC Dubai and Private Power and Infrastructure Board (PPIB), Pakistan another milestone in the path towards energy self-reliance.
Appreciating the power sector investment by the company in Pakistan, the Prime Minister said it would help the country overcome the energy shortages.
“Today we have achieved another milestone in our urge towards energy self-reliance,” he said after the signing ceremony.
The company will also construct a jetty along with the construction of the power projects. The project will bring in approximately $ 2.5 billion investment in Pakistan and will be completed in three years.
The MoU was signed by Faris Tayeb Abdul Rahim Al-Baker, Vice Chairman and CEO of ANC, and N. A. Zuberi, MD PPIB. Prime Minister Muhammad Nawaz Sharif and ANC Chairman Tayeb Abdul Rahim Ahmed Al-Baker witnessed the signing ceremony.
APP
Courtesy www.geo.tv