Nimir Industries to invest Rs 3.5bln in setting up a new 20MW fuel fired Power plant

By MG News | August 31, 2020 at 10:15 AM GMT+05:00

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August 31, 2020 (MLN): The Board of Directors of the Nimir Industrial Chemicals Limited (NICL), in its meeting held on August 28, 2020, has decided to set-up a new 20 MW Solid-fuel fired Power Plant at a total investment of Rs 3.50 billion to generate electricity at the most economical cost in view of increased power requirement.

Furthermore, the board also approved to invest Rs 750 million in setting up production facilities for Home and Personal Care Products.

To recall, the board approved capital investment on Caustic Soda and Power Plants on September 25, 2018. Subsequently, the board approved further enhancement of caustic soda plant capacity in the meeting held on April 24, 2020.

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