naeemomer
24th April 2008, 12:29
ISLAMABAD: International Power (IP) of UK has planned to add 1,200MW power in Pakistan to overcome power shortfall that stands at around 3,000 MW, causing series of load shedding in the country.
IP has planned to invest more in Pakistan to expand KAPCO power plant by 400MW and Uch power plant by 600MW to meet the future growing demand of electricity. This was stated by Vince Haris, Regional Managing Director (Asia) of International Power, UK who called on the Federal Minister for Water and Power, Raja Pervez Ashraf, here in his office.
He said Pakistan has become an attractive power investment destination and stated that the company has also decided to invest for a 200MW project near Sialkot, which would be completed on fast track basis. He also shared the future investment strategy for power generation expansion in Pakistan with the minister wherein local and imported coal projects are a high priority.
The minister appreciated the confidence of IP in Pakistan and asked to look into the possibility of investment in indigenous coal fired generation. He said that power sector has great potential and the government would facilitate the investors in this sector and provide all assistance and cooperation. It may be mentioned here that IP investment holdings in Pakistan comprise HUBCO (1292MW), KAPCO (1638MW) and Uch (586MW). staff report
Daily Times - Leading News Resource of Pakistan (http://www.dailytimes.com.pk/default.asp?page=2008%5C04%5C24%5Cstory_24-4-2008_pg5_18)
IP has planned to invest more in Pakistan to expand KAPCO power plant by 400MW and Uch power plant by 600MW to meet the future growing demand of electricity. This was stated by Vince Haris, Regional Managing Director (Asia) of International Power, UK who called on the Federal Minister for Water and Power, Raja Pervez Ashraf, here in his office.
He said Pakistan has become an attractive power investment destination and stated that the company has also decided to invest for a 200MW project near Sialkot, which would be completed on fast track basis. He also shared the future investment strategy for power generation expansion in Pakistan with the minister wherein local and imported coal projects are a high priority.
The minister appreciated the confidence of IP in Pakistan and asked to look into the possibility of investment in indigenous coal fired generation. He said that power sector has great potential and the government would facilitate the investors in this sector and provide all assistance and cooperation. It may be mentioned here that IP investment holdings in Pakistan comprise HUBCO (1292MW), KAPCO (1638MW) and Uch (586MW). staff report
Daily Times - Leading News Resource of Pakistan (http://www.dailytimes.com.pk/default.asp?page=2008%5C04%5C24%5Cstory_24-4-2008_pg5_18)