AsiaPak acquires 100% stake in gas turbine power plant asset in Pakistan
Tenaga Nasional Berhad (TNB) has completed the divestment of a 100% stake in its wholly-owned subsidiary, TNB Power Daharki Ltd (TPD), which in turn owns a 100% stake in TNB Liberty Power Limited (LPL), to AsiaPak Investments Limited (AsiaPak).
The transaction has a total consideration of US$54.5 million. TPD is the holding company of LPL, which owns and operates a 235 MW combined-cycle gas turbine power plant located in Sindh province. The plant was commissioned in 2001, with a power purchase agreement expiring in September 2026.
Country updates
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December 02, 2021
Pakistan signs agreement for water supply PPP in Sindh
The Government of Sindh has signed a contract agreement with Enertech Water Private Limited and Meezan bank-led consortium to develop 45 cusec capacity water supply infrastructure from Nabis...
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August 11, 2021
Pakistan withdraws PPP procurement for Rawalpindi ring road
The Government of Punjab in Pakistan has decided to abandon the public-private partnership (PPP) procurement model for the development of the Rawalpindi ring road. The project will be implemented usin...
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December 16, 2020
ADB to Support Health Care PPPs In Pakistan
The Asian Development Bank (ADB) and the Government of Punjab have signed a Memorandum of Understanding (MOU) to jointly promote public-private partnership (PPP) projects in Punjab’s health...
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October 01, 2020
Works on Karachi Circular Railway PPP to start soon
The Federal Minister for Planning, Development and Special Initiatives in Pakistan along with PPP Authority and Pakistan Railways has stated that works on Karachi Circular Railway will start...
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September 29, 2020
Rashakai SEZ development agreement signed
The government of Pakistan has signed a development agreement for a 1,000-acre Rashakai special economic zone (SEZ) in Khyber Pakhtunkhwa. The area will be developed in three phases. The project...
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