Pak Russia power project in Jamshoro approved by Cabiner
Pak Russia power project in Jamshoro approved by Cabiner: A go-ahead to initiation of agreement was given by the Federal government to construct 600MW Natural Gas Combined Cycle (NGCC) power plant in Jamshoro with Russia. The meeting of the cabinet which was chaired by Prime Minister Shahid Khaqan Abbasi, on Tuesday, approved “initiation of agreement between Russia and Pakistan on Cooperation for Construction of 600MW Natural Gas Combined Cycle Power Plant at Jomshoro” said the official statement.
“On agreement between the Government of the Russian Federation and the Government of Pakistan for the construction of 600MW Natural Gas Combined Cycle Power Plant at Jamshoro, the Cabinet authorised the Power Division to negotiate the details of draft Framework Agreement and bring the agreed version before the cabinet. It would also finalise the terms and conditions of the loan in consultation with the Economic Affairs Division (EAD) and the Finance Division,” the statement read.
The cabinet also approved signing of Financial Cooperation Agreement 2015 with Germany and Memorandum of Understanding of Pak-China Cooperation in the field of Intellectual Property.
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