STAFF REPORT ISB: The US Company, American Ethane has shown deepest intent in setting up Gas power plants. This was framed in a meeting held recently. The delegation of American Ethane, Prime Minister`s Special Envoy for Overseas Investment, Javed Malik, and Federal Minister for Water and Power, Khawaja Asif were the participants of the meeting. The US Company nodded to setup three gas based power plants that will produce 2,000MW each.

Khawaja Asif welcomed the US Company for taking this initiative and said that the governments new policies had attracted investments in Pakistan particularly in power sector.

The minister guaranteed the American delegation that all facilities will be extended to them by his ministry and its institutions. He said that special instructions have already been passed by the ministry to the Private Power infrastructure Board in this regard.

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