Government of Pakistan and Asian Development Bank have signed the Loan Agreement for 900 million US$ for Jamshoro Power Generation Project today at the Prime Minister’s Secretariat in the presence of Federal Minister for Finance Senator Mohammad Ishaq Dar.
The loan agreement was signed by the Secretary, Economic Affairs Division Ms. Nargis Sethi and Country Director, Asian Development Bank, Mr. Werner E. Liepach. The Project Agreement was signed between Project Executing Agency through Mohammad Anwar Brohi, Chief Executive Officer, Jamshoro Power Company Ltd. and Mr. Aftab Ahmed Nadeem, Joint Secretary/Chief Executive Officer GENCO Holding Co. and Country Director, ADB.
Through Jamshoro Power Generation Project two new supercritical coal-fired power generation units with the capacity of 2x600 MW will be constructed in Sindh province. The objectives of the proposed project is to increase affordable, reliable power generation and reduce power shortages in Pakistan. The project will be executed by GENCO Holding Company Limited and implemented by Jamshoro Power Company Limited in Sindh. This will both create employment in Sindh and help solve our energy crisis.
Speaking on the occasion, Minister for Finance thanked ADB for providing vital support to Pakistan specially to address the power shortage. He assured Pakistan’s commitment to mobilize all out efforts and scale up practices for reducing power shortages.
The Vice President, ADB thanked the Government of Pakistan and appreciated Government’s efforts to energize the Power Sector of Pakistan.
No comments:
Post a Comment