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$1 billion investment: Finnish investors offer to establish 1000MW coal-based power plant

byCustoms Today Report
23/04/2015
in Business
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ISLAMABAD: A delegation of Finish investors, led by Finland-Pakistan Business Council Chairman Wille Eerola, has criticised the Pakistani government for not establishing ‘non-traditional’ power plants in the country.

Addressing the Second Finland-Pakistan Business Summit, Wille Eerola said that the Finish investors had submitted a proposal for setting up a 1,000 MW coal based power plant through private sector investment. He said that the project would require around $1 billion investment and the projected sale price of electricity to the system would be 7.6 cents per unit.

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“Besides there is a proposal to establish a mix solar-wind generation power plant in Pakistan,” Eerola added. He expressed hope that the Pakistan government would respond to their proposals.

The speakers at the summit highlighted that Finland, with a population of 5.5 million, was producing huge amount of electricity through various sources including ‘renewal’ which is eventually exported after fulfilling the local needs.

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