*JAMSHORO*: Pakistan has signed contract for first super critical coalfired power plant in public sector.

The management contract of Jamshoro Coal-Fired Power Project was signedbetween the Jamshoro Power Company Limited (GENCO) and Siemens HarbinElectric International on Friday in Islamabad.

It will be the first supercritical coal-fired power project in publicsector to be installed at Jamshoro in Sindh.

The engineering, procurement and construction (EPC) contract for the firstunit that has a capacity of 660MW was signed at a ceremony in Islamabad. Afive-year operation and maintenance (O&M) contract was also signed.

“The EPC contract price for Lot-I (unit 1 of 660MW and balance of plant)signed today is $562 million. The EPC contract price of Lot-II (unit 2 of660MW and expansion of balance of plant) is $313 million which will besigned in the next phase once the financing arrangement is finalised,” reada statement released on the occasion.

“The signed Lot is being funded by the Asian Development Bank, and eachunit will be completed within 42 months”, the release added.