Malakoff! No it’s not a swear word | Pakistan Today

Malakoff! No it’s not a swear word

A Malaysian company, Malakoff Corporation Berhad has shared details with the government to set up two power projects including 1200 MW imported coal fired project and 250 MW wind power project in Sindh. A delegation of Malaysian investors, led by Vice President of Malakoff Corporation Berhad Mohammad Raziff Embi called on the Minister for Water and Power, Syed Naveed Qamar. Malaysian investors said that the feasibility study of 1200 MW was completed and the remaining procedure will be completed after the notification of feed-in tariff for the coal power projects by the National Electric Power Regulatory Authority. They reiterated their commitment to work with the government to explore investment opportunities in other infrastructure projects. They also expressed interest to invest in the operation and maintenance of the existing public sector thermal plants. The minister said that the feed-in tariff for the imported coal was likely to be finalized next month that will further attract investment in the sector. The government has already announced on feed-in tariff for wind power projects. The government is processing wind power projects on fast track basis and all the formalities are being completed at the earliest. He said the country is facing energy shortages and the government is taking all the measures to end the crises. He directed PPIB and AEDB to facilitate the Malaysians to complete the procedural requirements for early setting up of both the projects. The delegation also discussed investment opportunities in Thar coal project and expansion policy for imported coal fired plants.

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