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First independent power project to start production in March

Mohsin Syed, regional director, National Industrial Parks Development and Management Company (NIPDMC), has said that Pakistan’s first independent power plant in Korangi Creek Industrial Park, Karachi, will start production in March this year, according to a statement.

Talking to a group of newsmen after meeting of the stakeholders at the Regional Office, he said that this independent power project will start its initial production from 3.5MW and increase it with the demand created by the industrial units being set up at Korangi Creek Industrial Park, while the cost of a unit of electricity would be less than being charged by the Karachi Electric Supply Company.

This independent power project has been built on build, own and operate (BOT) basis, he said, adding that its planning was completed last year and a local company has made an investment in collaboration with a foreign investor, according to the statement. Talking about the Korangi Creek Industrial Park, Syed said that 85 percent infrastructure has already been completed, including roads, sewerage, drainage and water.

Uninterrupted power supply to all enterprises will be assured and they will be facilitated under a one-window operation for their utility requirements, he said, adding that the allotment of industrial plots is being completed in a transparent manner.

Five building plans have been approved by the Korangi Creek Cantonment Board and the construction of these five units will start within this month, said Syed.

He expressed the hope that the Korangi Creek Industrial Park would play a vital role in the industrial development of the country and would generate employment opportunities for 40,000 people directly and more than 200,000 families indirectly.

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