Accord signed for setting up thermal power station at Balakot
By Saad Saud

ISLAMABAD—Ministry of Water and Power has signed an agreement with Orient Power company here Wednesday for setting up of 225 Mega Watt (MW) Thermal Power station at Balakot.
The Orient Power Company is the first Independent Power Plant (IPP) to initial the agreements under the government policy for power generation project 2002.
Talking on the occasion Federal Minister for Water and Power Liaquat Ali Jatoi said that the Government is making all efforts to induct power into system to support rapid economic development in the country while all available options are being looked into to produce more electricity.
He further said, due to economic and investment friendly policies of President Gen Pervez Musharraf and Prime Minister Shaukat Aziz, the private sector has expressed its interest to invest in the country particularly in power sector.
Chief Executive Orient Power Mr. Nadeem Babar appreciated support of the Minister and said that Power Ministry has facilitated the company to resolve the outstanding issues enabling them to sign the agreement.