Another Thar Block-2 330MW Power Plant to achieve financial close: Bajwa

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.

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.

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