ETA deal for Pakistan power plant

ETA Star Group has signed a US $136 million (AED 500 million) agreement with Pakistan's Ministry of Water & Power, Government of Pakistan to set up a power project in Pakistan.

ETA Star Group has signed a US $136 million (AED 500 million) agreement with Pakistan's Ministry of Water & Power, Government of Pakistan to set up a power project in Pakistan.

ETA's subsidiary, Star Power Generation, will oversee the gas-fired combined cycle 134MW Independent Power Project (IPP).

The project, which will be located in Ghotki district in Sindh, will supply 134MW electricity to the national grid by 2010.

 

TransAsia Gas International, a subsidiary of Al Ghurair Investment, is a co-investor in the project.

"This power generation project and other infrastructural projects initiated by us in Pakistan are a testament of our commitment to the country's development," said Hameed Salahuddin, director of ETA Star Group.

ETA Star is also developing a $224 million hydel power station in northern Pakistan.

"We are proud to be instrumental in contributing to and supporting the overall infrastructural development of Pakistan," added Salahuddin.

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