MONITORING REPORT IBD: In the wake of the persistent energy crisis in Pakistan, Dubai-based Burj Power has agreed to build a 300MW coal fired power plant at Port Qasim in Karachi.
“The company will construct the coal fired plant on a 140 acres site. The capacity of the plant is expected to be increased later to 600MW,” said an official of the Port Qasim Authority (PQA).
The Port Qasim is managed by Port Qasim Authority (PQA), a semi-autonomous government body. The official said that the company is keen to co-develop the plant at the sea port.
According to a report, Port Qasim Authority Chairman Saeed Ahmed Khan said that Burj Power will contribute financially and bring its own human resource to develop and execute the project as per the policies of Private Power and Infrastructure Board.
Pakistan for the last couple of years is confronting a severe power crisis as the power shortfall constantly remains over 5,000MW.
The power shorfall has virtually crippled the national economy in terms of production, industrial plants, textile opertaions and factories closure thus drastically reducing the exports volume.