Port Qasim signs deal for 660MW Chi­nese plants

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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.

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