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MoUs signed: Qatar to invest in Pakistan power sector

Power projects that will generate 6,600MW will be set up at Gadani according to memorandums of understanding (MoUs) signed here by the federal and Punjab governments, China National Power and QInvest Qatar, at an investment exceeding $5 billion.

Under the tripartite agreement, ten plants of 660MW each will be set up at Gadani. Projects producing 3000MW will be completed within the first 30 months and the remaining projects of 3,600MW will reach completion in the next two and a half years.

Water and Power Federal Secretary, Saifullah Chattha, Energy Punjab Secretary Usman Bajwa, Chief Executive Officer of QInvest Qatar Tamim Hamad Al Kuwari and Middle East of China National Power Company President Wu Wenhao signed the documents.

Punjab Cheif Minister Shahbaz Sharif said on the occasion the government will provide infrastructure to implement these agreements while QInvest Qatar will make the investment.

Solar park

He added that Punjab government is setting up a “Quaid-e-Azam Solar Park” in Cholistan.

Punjab Chief Minister Shahbaz Sharif, Federal Minister for Water and Power Khawaja Muhammad Asif, provincial ministers and a number of federal and provincial secretaries were present at the ceremony.

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