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ADB to provide $900 m for Jamshoro coal powered project

February 13, 2014

Asian Development Bank will provide nine hundred million dollars to Pakistan to complete Jamshoro coal powered project. Secretary Economic Affairs Division Nargis Sethi and Country Director of Asian Development Bank signed the agreement signed an agreement in Islamabad on Wednesday.

Under the agreementé the bank will assist Pakistan to complete two units of 660 megawatt each at Jamshoro power plant which will generate electricity through imported coal.

The project will be completed in four years.

Two more agreements were signed on the occasion regarding infrastructure development in Pakistan.

Finance Minister Ishaq Dar who witnessed the signing ceremony said the government is taking concrete measures to generate cheap electricity to overcome power crisis in the minimum possible time.

He said various furnace oil power projects are being converted to coal based plants including establishment of Gaddani coal power park.

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Source: Baluchistan Express, The

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