The federal cabinet has given a go-ahead to initiation of agreement with Russia for construction of 600MW Natural Gas Combined Cycle (NGCC) power plant in Jamshoro.
The cabinet meeting, chaired by Prime Minister Shahid Khaqan Abbasi, on Tuesday approved “initiation of agreement between Russia and Pakistan on Cooperation for Construction of 600MW Natural Gas Combined Cycle Power Plant at Jamshoro,” said an official statement.
“On agreement between the Government of the Russian Federation and the Government of Pakistan for the construction of 600MW Natural Gas Combined Cycle Power Plant at Jamshoro, the Cabinet authorised the Power Division to negotiate the details of draft Framework Agreement and bring the agreed version before the cabinet. It would also finalise the terms and conditions of the loan in consultation with the Economic Affairs Division (EAD) and the Finance Division,” the statement read.
The cabinet also approved signing of Financial Cooperation Agreement 2015 with Germany and Memorandum of Understanding of Pak-China Cooperation in the field of Intellectual Property.