Financing deal signed for 330MW power project
Fauji Fertiliser Company (FFC), along with other equity partners including Hub Power Company (Hubco), has signed a financing agreement for its 330-megawatt power project, Thar Energy Limited, at the 8th Joint Coordination Committee (JCC) meeting in Beijing.
China Development Bank was appointed lead arranger of foreign financing and Habib Bank Limited was selected lead arranger of local financing.
Federal Minister for Planning Khusro Bakhtiar, Sindh Chief Minister Syed Murad Ali Shah, Hubco Chief Executive Khalid Mansoor, Thar Energy Chief Executive Saleemullah Memon were present at the signing ceremony.
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