Power Construction Corporation of China announced Thursday its subsidiary Sinohydro Resources Ltd. has secured a deal to build a coal-fired emergency power plant in Pakistan.
Sinohydro Resources will invest 51 percent of the 2 billion U.S. dollar project budget, taking charge of investment, construction and operations, said the company in an announcement to the Shanghai Stock Exchange.
The other 49 percent of shares will belong to its Qatar partner Al Mirqab Capital.
Construction in the southern Qasim Port, including two 660MW supercritical units, is expected to take 32 months.
