Keeping in view the energy crisis in the country, NCL has also ventured into the power business. With a capacity of 200 MW an Independent Power Plant (IPP) is being set up at 66 km Lahore Multan Road. The power plant costing US$ 235 million has an operational deadline of March 2010.
Wartsila Finalnd is the EPC contractor for the project. The Fuel Supply Agreement has been finalized with Shell Pakistan; the first such supply agreement in the history of Shell Pakistan.
The plant has been set up under a 25 year ‘take or pay’ agreement with WAPDA, who is bound to make capacity payments – which are backed by the Sovereign Guarantee of the Government of Pakistan.
