Islamabad, March 11, 2014 (PPI-OT): A memorandum of understanding was signed today in the Ministry of Water and Power between Al Aqili Group, Dubai, UAE and the Ministry of Water and Power Government of Pakistan. The signing ceremony was witnessed by Federal Minister for Water and Power Khawaja Muhammad Asif, and Aqili Group was represented by its CEO Mohamed Saeed Al Aqili.
The Secretary Water and Power, Managing Director PPIB, Managing Director NTDC and other senior officials of the government were also present on the occasion. According to the agreement, the Aqili Group of Dubai has expressed interest to supply 3000 MW of electricity to Pakistan from Iran under a long term contract. The group shall also finance/build transmission lines to inject 3000 MW into the national grid in Pakistan.
Minister for Water and Power said that, upon completion, this project will prove to be a mega achievement of the government for eliminating the menace of load shedding from Pakistan and will also further strengthen the economic and regional relationships with our brotherly country, the UAE. He said that we can only get uninterruptable supply of electricity in the country by looking at all avenues. Besides developing in-house capacity, import of power is a very viable option.
Al Aqili Group is rated amongst world’s top group of companies and has a number of high profile partnerships with many prominent multinationals. The Group has successfully established an extensive network of relationships with the business communities, financial institutions and government in all its operating geographies.
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Haji Ahmed Malik
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Press Information Department (PID)
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