Port Qasim signs deal for 660MW Chinese plants
The Port Qasim Authority (PQA) has signed an Implementation Agreement (IA) with a Chinese company to allot 200 acres of land for the development of two coal-based power plants of 660 megawatt each.
As per the agreement, the Port Qasim Power Plant will have state-of-the-art technology and will produce coal-based electricity with minimum environmental impacts and maximum efficiency.
Moreover, being a coal-based power plant, electricity production costs would be lower as compared to furnace oil based plants.
Currently, Engro Corporations’ LNG terminal is under construction at Port Qasim; it will be completed by May 2015. Being developed by Engro subsidiary i.e. Engro Elengy Terminal Private Limited (EETPL), the project will process imported LNG and inject 400mmcfd gas to the national network, thus reducing the existing shortage of 1.6 billion cubic feet by one-fourth.
Another company which had applied for LNG terminal is Fauji Oil Terminal and Distribution Company Ltd (FOTCO). They have sought provisional NOC from the PQA for developing a Fast Track LNG terminal; it is expected that the NOC will be granted in the next board meeting.
At present only Pakistan International Bulk Terminal (PIBT) is the dedicated coal terminal being built at Port Qasim.
PIBT will be Pakistan’s first mechanized Coal, Cement and Clinker Terminal; the project was initially expected to have built capacity for handling 14 million tons per annum of Coal, Clinker & Cement.