| GEO Business|
| Govt. to sign deal for rented TPP in Karachi|
| Updated at: 0623 PST, Thursday, April 23, 2009|
KARACHI: The government will borrow a Thermal Power Plant (TTP) having capacity of producing 234 megawatt electric power to cater electricity needs of Karachi and the project in this respect, will be signed on Thursday.
The rental project will be signed between Pakistan and Turkish government at Private Power Infrastructure Board (PPIB) here.
MD of PPIB Fayyaz Elahi told Geo news this deal was earlier signed in 2008 but was failed to accomplish target due to some problems but now this project will be operational at Bay of Karachi as late as November this year.
This is a mobile type thermal power plant which will be linked to Karachi Electric Supply Company (KESC)ís Gird Station from the bay of Karachi.
Sources said PEPCO will be bound to buy electricity for five years from this thermal plant which will levy rent estimated at 5.8 cent on PEPCO.
The deal signing gathering will be attended by water and electricity ministers and Turkish Ambassador to Pakistan and other officials from the company.