LAHORE - PR- Sitara Chemicals has signed contract with Chinese company Shandong Yangkoan Engineering Design Co Ltd for 35MW coal based power plant, a joint venture between the Pakistani and Chinese company.
Contract was signed at a local hotel by Sitara Chemicals Industries Ltd Chief Executive Adrees and representatives of Chinese company Shandong Yangkoan Engineering Design Co Ltd in the presence of chief guest Federal Minister for Mines & Minerals Abid Sher Ali Khan.
This project will be completed within the time frame of two years and become a value added binding force in strengthening Pakistan-China friendship.
Chief Executive Sitara Chemicals said it is a ‘redefining moment’ for Sitara Chemicals to ensure uninterrupted power supply to its plants round the year.
He said, “We proudly announce to take initiative of 35MW coal based power plant with a reputable Chinese company having the distinguished technological excellence in designing coal power plants. This plant will prove to be a milestone in the history of Sitara Chemicals.”
Giving briefing to media, Federal Minister for Mines & Minerals Abid Sher Ali Khan said resolving energy crisis is one govt’s top priorities. We praise the visionary approach of Sitara Chemicals Ltd for this self-reliant initiative of coal based power plant. He hoped that Pakistan will overcome the energy crisis through the pivotal role of corporate sector and government of Pakistan with the patronage of China.