The federal cupboard has given a go-ahead to initiation of settlement with Russia for development of 600MW Pure Fuel Mixed Cycle (NGCC) energy plant in Jamshoro.
The cupboard assembly, chaired by Prime Minister Shahid Khaqan Abbasi, on Tuesday authorized “initiation of settlement between Russia and Pakistan on Cooperation for Development of 600MW Pure Fuel Mixed Cycle Energy Plant at Jamshoro,” stated an official assertion.
“On settlement between the Authorities of the Russian Federation and the Authorities of Pakistan for the development of 600MW Pure Fuel Mixed Cycle Energy Plant at Jamshoro, the Cupboard authorised the Energy Division to barter the main points of draft Framework Settlement and produce the agreed model earlier than the cupboard. It might additionally finalise the phrases and circumstances of the mortgage in session with the Financial Affairs Division (EAD) and the Finance Division,” the assertion learn.
The cupboard additionally authorized signing of Monetary Cooperation Settlement 2015 with Germany and Memorandum of Understanding of Pak-China Cooperation within the subject of Mental Property.