950829

Fauji power project

clarification

RECORDER REPORT

KARACHI: The consultants for Fauji Power Project of 350 MW have clarified that the target date for financial close of the project has not yet been finalised and will be decided in the light of government policy of March, 1994.

Referring to a news item published in Business Recorder on August 29 regarding the expiry of the targets given to the power projects to meet their financial close, the consultants further said that the last date for financial closing of Fauji Kabirwala Power Project is September 12, instead of June 22 as reported.