According to the MD, the PC-1 cost of the Jhimpir-II transmission lines and substation project is Rs10.753bn whereas the funding required is Rs6.4bn. AFP/File
LAHORE: The National Transmission and Despatch Company (NTDC) on Tuesday secured Rs6.4 billion financing from a three-member consortium of banks for construction of a 220kV/132kV grid station and 35 kilometre-long allied transmission lines for getting 1,274MW of lean renewable energy power from 10 wind energy projects being set up in Gharo-Jhimpir wind corridor near Tando Muhammad Khan in Sindh.
The agreement for the loan, approved by the consortium (National Bank of Pakistan, Habib Bank Limited and Bank Islami Pakistan Limited) was signed by the NTDC Managing Director Muhammad Ayub and the consortium’s representatives Asad Altaf, Zia-ud-Din Tahir and Amir Ashraf at a ceremony held here at Wapda House.
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