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BOP to arrange over Rs 20b for Punjab Thermal Power Project
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The Bank of Punjab to Arrange Over Rs 20bn for Punjab Thermal Power Project
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Successful Test Run of 1,263MW Thermal Power Plant Completed in Jhang
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Power project in Punjab achieves financial close
Plant has generation capacity of 1,263MW, costs $708 million
Potential loss of customers would severely dent the company’s financial sustainability, rendering it incapable of investing in Karachi’s power needs, the CEO said. PHOTO: REUTERS
ISLAMABAD:
The 1,263-megawatt Punjab Thermal Power Limited (PTPL) power project costing $708 million has achieved financial close.
The power plant located near Trimmu Barrage, Jhang district is based on re-gasified liquefied natural gas (RLNG) and so far it is the largest RLNG-based power generation project established under the Power Generation Policy 2015.
The financial close ceremony was held on Friday and it was attended by Federal Energy Minister Hammad Azhar and Punjab Energy Minister Akhtar Malik.