Power Plant : Mansha group achieves financial close
ISLAMABAD: Private Power Infrastructure Board (PPIB) and Mansha Group signed financial closing documents for commissioning of 400 MW power projects worth $408 million here on Friday.
According to an official statement issued here financial closure has been achieved by the two power projects by Mansha Group, namely Nishat Power Project and Nishat Chunian Power Project of 200 MW capacity each. Earlier, the company signed Implementation Agreements (IA) and Power Purchase Agreements (PPA) of both these projects in last quarter of 2007. The projects are being set up at Kasur district near Lahore.
The signing ceremony was held at PPIB office, and was attended by Mohammad Yousuf Memon and other senior officials from PPIB and the project companies.
The sponsors of Nishat Power Project are Nishat Mills Limited and those of Nishat Chunian Power Project are Nishat Chunian Limited, both owned by Mian Mohammad Mansha, while lenders of both projects are the consortium of commercial banks including Habib Bank Limited (HBL), Allied Bank Limited (ABL), United Bank Limited (UBL), Standard Charted Bank (Pakistan) Limited (SCB) and Faysal Bank Limited (FBL) being Financial Advisor and Lead Arrangers. staff report Home](http://www.dailytimes.com.pk/default.asp) | Business](http://www.dailytimes.com.pk/default.asp?page=main_5-1-2008_pg5)
No Musharaf should step down. How can we allow a military man to do positive work for Pakistan, that should have been done by the so-called civilian democratic govt.
KARACHI: The City District Government Karachi (CDGK), led by City Nazim Mustafa Kamal, set out to bring a lot of foreign direct investment (FDI) into the city for the year 2007, but like 2006, this year has passed without any of the development projects materializing.
During the last two years, the CDGK has signed millions of rupees worth of agreements with various foreign companies to invest in the city and construct things such as the IT Tower, the Elevated Expressway and desalination plant, but, not a single project has materialized to benefit the citizens.
dude why are you posting that false article everywhere, i ahve allready proved it to be false in its thread, with proof of fdi of over $6 billion in just 2007
