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ECC okays Rs39b guarantee for Jamshoro project

ECC okays Rs39b guarantee for Jamshoro project

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet, under the chairman of Prime Minister Shahid Khaqan Abbasi, has granted an approval for issuance of government’s sovereign guarantee for Rs39 billion for the construction of two 660 megawatts of coal power projects in Jamshoro.

“The approval has been granted after third party evaluation of the project and authentication of the projected demand and supply data submitted by NTDC (National Transmission and Despatch Company),” the statement said.

State-owned Jamshoro Power Company Limited is setting up supercritical coal-based power plants of aggregate 1,320MW production capacity within the existing premises of thermal power station in Jamshoro.

The ECC meeting also approved financing plan for 1.2 billion cubic feet/day capacity of re-gasified liquefied natural gas (RLNG-III) pipeline project, envisaging pipeline network from Karachi to Lahore.

The ECC directed petroleum division to examine the possibility of public-private partnership for the project to be undertaken by Sui Southern Gas Company (SSGCL) and Sui Northern Pipelines Limited.

In 2015, the country got its first RLNG plant with a production capacity of 600 million metric cubic feet/day (mmcfd), while recently another RLNG plant with the same capacity was added to reduce the gas demand and supply gap of around two billion cubic feet/day.

The committee also approved a proposal to allocate 10 mmcfd gas from Adam X-1 and 18 mmcfd from Adam West X-1 to SSGCL.