ISLAMABAD: The Finance Minister Senator Mohammad Ishaq Dar on Sunday stressed to use the ultra super technology for the Gaddani Power Project’s timely completion, giving green signal to use the services of independent experts for the detailed study of the project.
Minister gave these directions, while chairing a special meeting here at the ministry for finance to review the issues pertaining to the Gaddani Power Project.
During the meeting, Secretary Economic Affairs Division, Nargis Sethi gave a detailed briefing to the participants on the broad framework of the Project.
Terming the site location ideal Sethi informed, that the site of the Park is ideal as it converges with the available industrial infrastructure at Hub and is very close to Karachi.
She was of the view that the Park would include ten coal based power projects, ash disposal units, residential area, schools and play areas.
Secretary Economic Affairs Division informed the finance minister that NESPAK is preparing PC-I for the whole project which would include construction of jetty and related infrastructure.
Ishaq Dar, the Finance Minister emphasised that as this is the flagship projects of the Pakistan Muslim League (Nawaz) government therefore it should be placed on fast track.
Dar maintained that ultra super technology should be used and detailed study from independent sources should be carried out. He said that the resource envelope is limited and we have to operate within the available resource space.
“The ultra super technology should be used and detailed study from independent sources should be carried out,” the minister issued directions adding that “the resource envelope is limited and we have to operate within the available resource space. “
He underlined that domestic private sector resources will be encouraged on BOT basis. He appreciated that this is the least cost energy generation model which will meet our short to medium term energy requirements.
The finance minister also directed the IPDF to work in close collaboration project director at Gaddani project. He urged for putting on fast track Jamshoro coal fired project for which funding is already available from the ADB. The meeting was attended by Advisor to Finance Ministry Rana Assad Amin, Additional Secretary Shahid Mahmood and senior officials of the Finance Ministry.
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