Coastal Power Company (CPC) of the US has announced that it has signed a series of agreements to build, own and operate a $150 million power station at Quetta, in Baluchistan. The project will be implemented by Habibullah Coastal (Private) Company, which is owned by two holding companies in which the local Habibullah Group and CPC subsidiary Coastal Power International H (CPI II) are partners. CPI II will take a majority equity stake in the project.
The developers have signed a power purchase agreement with the Water & Power Development Authority (WAPDA) and a fuel supply agreement with Sul Southern Gas Company. CPC also says that financial close was recently achieved, but that further details are not available.
The plant will have a capacity of 140 MW and will be natural gas fired. Italy’s Flat Avio has been awarded the engineering, procurement and construction contract and US subsidiary Coastal Technology will operate the plant upon completion, which is scheduled for the end of 1997.