AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

Sindh government and Kuwaiti company Enertech Holdings signed a Memorandum of Understanding (MoU) for investment in power sector in the province. Under the MoU, the Kuwait Company Enertech Holdings would invest in Waste to Energy projects, starting with a 50MW power project in Karachi that may be scaled upwards to a mutually-agreed capacity and also in other municipalities of Sindh province that are mutually-identified and agreed for implementation.
Under the MoU, the Sindh government and Kuwaiti company will develop strategic partnership in the 'Investment Memorandum' to ensure that the projects are developed on fast track basis. The EnerTech shall complete all technical studies, including interconnection studies, geo technical and topographical studies, environment impact assessment and feasibility studies.
Under the MoU, the Sindh government will have an option to enter into an equity partnership with Enertech against the land provided for the projects. The Secretary Investment Ahsan Mangi, on behalf of the Sindh government, while CEO of Enertech Holding Kuwait Abdullah Al Mutairi, on behalf of the Kuwaiti company, signed the MoU at a signing ceremony.
The signing ceremony was witnessed by Sindh Chief Minister Syed Murad Ali Shah. The other attendees included: Minister Energy Imtiaz Shaikh, Minister Local Government Saeed Ghani, Adviser to the CM Murtaza Wahab, Chief Secretary Mumtaz Shah, Chairperson P&D Naheed Shah, PSCM Sajid Jamal Abro.
Consul General of Kuwait Mohammad Khalid Abdullah Al-Khalidi, Chief executive Enertech Pakistan Yasser Malik and others. In collaboration with the provincial government, the Kuwaiti company will liaise with all relevant provincial and federal authorities to get required approvals for development of the projects said an official statement issued on Monday.-PR

Copyright Business Recorder, 2019

Comments

Comments are closed.