MoU signed with foreign firms for 6,600MW project
30 August, 2013
LAHORE: A memorandum of understanding (MoU) between federal and Punjab government, China National Power and Q Investment Qatar for more than 6,600-megawatt coal-based projects worth US $ 5 billion was signed on Thursday.
Punjab Chief Minister Muhammad Shahbaz Sharif, Federal Minister for Water and Power Khawaja Muhammad Asif, provincial ministers, various federal and provincial secretaries as well as senior officers concerned were present.
Federal Secretary Water and Power Saifullah Chatha, Secretary Energy Punjab Usman Bajwa, Chief Executive Officer of Q Investment Qatar Tamim Hamad Al Kuwari and President Middle East of China National Power Company Wu Wenhao signed the document.
Under the tripartite agreement, ten plants of 660 megawatts each will be set up at Gadani. The projects of 3000 megawatt will be completed within first 30 months while the remaining projects of 3600 megawatt will be executed in the next two and a half years.
Chief Minister Muhammad Shahbaz Sharif said the agreement among Pakistan, Qatar and China will prove to be milestone in energy sector and all out efforts will be made for the early completion of this project of power generation from imported coal.
The CM said China Power Company had expertise in generation of electricity from coal and worked a lot on several such projects in India and other countries. He said Punjab government was already working on various projects in this regard and Quaid-e-Azam Solar Park was being established in Cholistan where all out facilities will be provided to investors.
In reply to a question, Sharif said work was in progress on Thar coal project, however, time is required for mining and installation of plant.
He said the former government paid no attention to solar energy projects but Punjab government was paying heed to the projects of power generation from alternative sources as well as solar energy.
The chief minister said that for the purpose of progress on the memorandum of understanding regarding power generation, an agreement will soon be signed.
He said imported coal will be used for these projects to be established in Gadani and after the agreements, all projects will be completed during five years. He said the government will provide infrastructure for implementation of these agreements while all investment will be made by Q investment.
Replying to a question, Federal Minister for Water and Power Khawaja Muhammad Asif said Bhasha Dam Project was not being abandoned. He said that a sum of Rs 21 billion had been spent on this project while 12 Rs 12 billion had been allocated for this project during current fiscal year. Replying to another question, he said that the power plants of 400 megawatts that has been shut down will soon be made operational and negotiations are continuing in this regard.
Meanwhile, a signing ceremony of two MoUs between University of Engineering and Technology Lahore, University of Agriculture Faisalabad, Guangzhou Institute of Energy Conversion and Chinese Academy of Sciences China was also held here.
CM Punjab, Vice Chancellor UET Lahore, Lt. Gen (retd) Muhammad Akram, Vice Chancellor University of Agriculture Faisalabad Dr Iqrar Ahmed Khan, secretary agriculture, secretary energy and senior officials of Guangzhou Institute of Energy Conversion and Chinese Academy of Sciences China were also present on the occasion.
Under the agreement the Chinese Institute and UET Lahore will conduct joint research for generation of power from solid waste, biomass, and biogas as well as promotion of bio fuel, solar energy and geo thermal technology.