Rs 300 billion allocated for new power plants: Nawaz lays foundation stone of 1223 megawatts power project

Prime Minister Nawaz Sharif laid foundation stone of 1223MW power project here on Tuesday. The plant which will start its generation from 2017 will provide cheaper electricity to public and also generate new job opportunities for the industrial and agricultural development. The Balloki Power Plant will work with the 61.63 percent working capacity which is higher than earlier power plants.
The cost of generation of per megawatt from this plant will be 469,000 thousand dollars, which is lower than other power plants. A total amount of 38.6 billion rupees will be saved in connection with the construction cost of this plant, while an amount of Rs 5.8 billion from fuel expenditures.