Pact signed for 225MW power plant

ISLAMABAD, Aug 28: The Private Power and Infrastructure Board (PPIB) has signed implementation agreement with Atlas Power Limited (APL) for establishing a 225MW power plant.

The power plant to be situated at Lahore-Sheikhupura road has been targeted to start its commercial operations by March 2009. The power plant is estimated to be set up at a cost of $228 million.

According to an announcement issued here CEO Atlas Power Maqsood Basra and PPIB Managing Director Muhammad Yousuf Memon signed the agreement.

The power plant will use residual fuel oil (RFO) and will apply reciprocating engines technology.

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