Another 330 MW Power Plant at Thar Block-2 is expected to achieve financial close by end of September, informed Chairman China Pakistan Economic Corridor (CPEC) Lt Gen (retd) Asim Saleem Bajwa.
In a tweet post on Tuesday, Bajwa informed that the recently launched power plant, by Thal Nova-HUBCO at an investment $500 million. He said that the project being pushed by Company’s own equity to prevent time loss.
Bajwa added that the project has so far generated 305 local jobs.
Update:Thar Block-2,another 330 MW Power Plant,Thal Nova-HUBCO launched recently,Investment $ 500 M, local jobs 305 so far,financial close expected end September-project being pushed by Company’s own equity to prevent time loss. #cpec #CPECMakingProgress #pakistanmakingprogress pic.twitter.com/BGBXEHKqjL
— Asim Saleem Bajwa (@AsimSBajwa) August 4, 2020
Earlier, Bajwa informed that the Thar Block-2- 330 MW power plant by Thar Energy Limited and HUBCO, work in full swing and remain unaffected by COVID. The project started at an investment of $500mn has made substantial progress.
“Total local direct jobs 805, its financial close was done on 31st Jan 2020,” he added.