PPIB issues LoS to Siddiqsons for 350MW plant

KARACHI: Private Power and Infrastructure Board (PPIB) has issued a Letter of Support (LOS) to Siddiqsons Energy Limited for establishment of a 350 MW imported coal-fired power project at Port Qasim, Karachi.
NEPRA has already approved upfront tariff for this 350 MW coal-fired supercritical power plant being established by Siddiqsons Group. This 350 MW supercritical coal-fired power plant will be Pakistan’s first ever coal power project of its kind at Port Qasim, Karachi.
The estimated cost of the project is $600 million and financial close is expected by first quarter of 2016. CEO Siddiqsons Energy Limited, A. Rahim Rafi said that his company is fully cognizant of the fact that low-cost electricity is extremely crucial for the economic growth and stability of the country and coal-based energy production is the key to addressing this issue.