Shanghai Electric to invest $4 billion to establish two power plants in Pakistan

MG News | October 22, 2019 at 10:25 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 22, 2019: A Chinese Company Shanghai Electric will invest an amount of four billion dollars at Thar Coal block one and will establish two power plants of 1320 megawatt of electricity there.

A seven-member delegation of Shanghai Electric called on Sindh Chief Minister Syed Murad Ali Shah at Chief Minister's House in Karachi today and discussed the project.

Shanghai Electric is carrying out mining and will establish two power projects at Thar coal block one.

Speaking on the occasion, Syed Murad Ali Shah said that the financial close of the project will be undertaken by the end of this year.

He said the project will also generate employment opportunities.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,041.06 117.96M	0.04% 74.37
ALLSHR	107,560.82 306.40M	-0.04% -38.94
KSE30	52,671.74 35.42M	0.05% 27.21
KMI30	251,541.94 52.09M	0.01% 26.13
KMIALLSHR	69,474.54 204.85M	-0.07% -51.50
BKTi	49,837.51 4.42M	0.15% 75.32
OGTi	36,682.52 4.92M	-0.40% -148.79

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,810.00	81,350.00 78,710.00	1960.00 2.49%
BRENT CRUDE	91.48	92.90 91.15	-0.69 -0.75%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	-0.20 -0.18%
ROTTERDAM COAL MONTHLY	124.55	124.55 124.55	0.00 0.00%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	84.36	85.84 84.11	-0.65 -0.76%
SUGAR #11 WORLD	17.66	17.69 17.08	0.05 0.28%