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Financing for largest RLNG power plant arranged - Newspaper

ISLAMABAD: The government on Friday announced the financial closing of a 1,263-megawatt power project of the Punjab government to be located near Trimmu Barrage, Jhang.
This is so far the largest RLNG-based power generation project in Pakistan and is being developed under Power Generation Policy 2015.
The financial closing ceremony was witnessed by Minister for Energy Hammad Azhar and Punjab Energy Minister Dr Akhtar Malik. This was the major project that came under criticism during the PML-N tenure as various relevant government agencies considered it be over and above the needed capacity.
Financial closing documents were signed by Managing Director of Private Power & Infrastructure Board (PPIB) Shah Jahan Mirza and Chief Executive Officer of PTPL Akhtar Hussain Mayo. ....

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Pakistan's tourism sector to be explored for revenue, says PM

2 hours ago
A foreign tourist holds Pakistan national flag during her visit to Skardu, Gilgat-Baltistan. File
Prime Minister Imran Khan said owing to Pakistan’s immense tourism potential, the government was focused on exploring the sector for revenue and employment generation.
“Pakistan can earn money from tourism alone, both local and international, by revamping the infrastructure and ensuring facilities for tourists,” the prime minister said at the cheque distribution ceremony under Ehsaas scholarships and Kamyab Jawan Programme.
The prime minister, who earlier inaugurated the Kohsar University at the hill resort of Murree, said the world-class institution would play a key role in imparting the local student’s necessary skills in hotel management and tourism. ....

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Power project in Punjab achieves financial close

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. ....

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