KARACHI - Federal Minister for Industries & Production Ghulam Murtaza Jatoi welcomed the decision of the Board of National Industrial Parks Development & Management Company (NIP) to approve installation of 48MW gas-fired power plant for NIP’s flagship project Korangi Creek Industrial Park (KCIP).
He asked the Chief Executive NIP Mohsin Syed to accelerate the process of installation of the power plant so that the electricity was available to all the customers in time and directed him to see to it that utility services were made available to the owners of the industrial units as per their requirement.
The Board after detailed deliberations decided that the plant would be installed in phases and in the first phase 10MW electricity would be made available for the customers.  Later on keeping in view the requirements, the load would be increased in phases accordingly.
The customers, which include food and pharmaceutical, garments, light engineering and packaging & printing have already started construction.
As soon as the industrial units established at KCIP start production, this industrial zone alone will start contributing Rs 40 billion annually to GDP and provide approximately 30,000 direct and 180,000 indirect employments. The project designed by Jurong Singapore, renowned internationally for their expertise is being developed at an estimated cost of Rs 3.3 billion which will have an investment opportunity of Rs 20 billion.