LAHORE: The presidents of National Bank of Pakistan and the Habib Bank, during a meeting with Chief Minister Shahbaz Shairf, have offered financing support amounting to Rs84 billion for the Punjab government’s 1,200MW LNG-based power plant at Bhikki in Sheikhupura.
The banks resolved to work with other financial institutions to raise financing in the shortest possible time. The planned financing is the single largest funding for an energy project, which has been domestically raised. The plant will be operated on imported LNG and shall start operation in 2017.
