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06-03-14

UAE's ANC invests USD2.5 b in power plants in Pakistan

(MENAFN) UAE-based Arab National Company said it will invest as much as USD2.5 billion in Pakistan to launch two coal power plants, according to the Emirates 24/7. ANC has signed a memorandum of understanding with the Private Power and Infrastructure Board (PPIB) to launch power plants that are expected to produce 660 megawatts in Gaddani, Baluchistan. Through the new power plants, Pakistan will be able to overcome the energy crisis. Pakistan is suffering the disability of covering power requirements in the country by resorting to tapping different sources of energy.