ISLAMABAD - Prime Minister Nawaz Sharif will inaugurate two 660-megawatt coal-based power plants at Port Qasim on Tuesday.According to officials of ministry of water and power, the MoU of this project was signed among M/s Qinvest Company, Doha, Qatar, M/s Power Construction Corporation of China (Power China), M/s SEPCO-III Electric Power Construction Corporation, government of Punjab, and Private Power & Infrastructure Board (PPIB) on 29th August 2013. According to the MoU, the companies will also build eight 660MW plants in phase-II at Gadani, Balochistan.For the existing project, joint venture of Sinohydro Resources Limited, China, and M/s Al Mirqab Capital, Qatar, will undertake development of two 660MW each coal based power projects at Port Qasim, Karachi. According to officials, Port Qasim Power Plant will have the state-of-the-art technology that would produce coal-based electricity with minimum environmental impacts and maximum efficiency. Officials claim that due to use of coal as fuel electricity production costs would be lower as compared to furnace oil-based plants. In addition, they hope the project will provide employment opportunities to local people, thereby adding to the overall economic development of the country.This news was published in The Nation newspaper. Read complete newspaper of 05-May-2014 here.