KARACHI - A Chinese company Harbin Electric International has expressed its willingness to establish 660MW coal-based power plant at Thar coal field Block -4.
A delegation of the company called on Sindh CM Syed Qaim Ali Shah at CM House on Sunday, who welcomed the offer of the Chinese company, saying that government will provide all out support to foreign investors.
The cost of proposed power project offered by the Chinese company is estimated $2.5 billion. The company has also applied for the award of exploration licence in the response of advertisement made by the Sindh Government during the month of February 2014. CM Sindh while talking to the delegation said that his government is deeply interested in the generation of coal-based electricity to meet with energy crisis. He said that China is best friend of Pakistan and many other companies are working here for the development of other sectors as well. He assured the company for all facilities and incentives provided they are qualifying for the project.
The Chief Minister Sindh however asked the participating delegates to complete the project within shortest period if awarded to them.
The representatives of Chinese company HET, said that they would try their best to complete the project with 42 to 45 months after financial close. They said that their companies have expertise in this field and they are very much interested in this project. The Advisor to CM Syed Murad Ali Shah, Secretary Energy Agha Wasif Abbas and other officials of Board of Investment were also present during the meeting.