ISLAMABAD, Sept 27: The Private Power and Infrastructure Board (PPIB) on Thursday signed an Implementation Agreement (IA) with a subsidiary of UAE’s Al-Ghurair Group for setting up of a 134 MW Star Power Project in Dharki, district Ghotki in Sindh, according to a press release.

Acting managing director of PPIB Mohammad Yousuf Memon signed the agreement on behalf of the government while Musarrat Zuberi, CEO of Star Power Project signed the agreement on behalf of the company.

The power plant will use Low BTU gas from Mari Deep reserves and run on combined cycle technology.

The sponsors of the project are ETA-ASCON (Al-Ghurair Group, UAE) and the power plant will be set up with an estimated cost of more than $100 million. It is expected that the power complex will start supplying power to the national grid by July 2010.