EOBI to build 600 megawatts power plant in Karachi

Karachi: EOBI is planning to build 600 Mega Watts Power generation Plant to overcome the electricity shortage in Karachi. This was stated by the Chairman EOBI, Brigadier Akhter Zamin (Retd) while giving a briefing to the City Nazim Syed Mustafa Kamal during his visit to EOBI head office and held a meeting with the Chairman EOBI Akhtar Zamin and senior officers of the institution.

The chairman EOBI explained the functions of the EOBI to the City Nazim and its future plans to provide benefits of pension to the employees of industrial and commercial sectors without any difficulty or hardship.

Speaking at the occasion the Chairman said that to increase the profit on the investment in a secure way EOBI has decided to invest in the Real Estate. For this purpose PRIMACO (Pakistan Real Estate Investment and Management Company Ltd) was established which is wholly owned subsidiary of' EOBI, Chairman added.

Akhter Zamin further said that PRIMACO has launched many real state projects, which includes a Commercial Centre at Karachi, in Islamabad. A 4 Star Hotel Project and housing scheme at Lahore and planning to start mega project to increase source of income and to utilise EOBI's assets for the welfare of the citizens of the country.

The Chairman EOBI informed the City Nazim that EOBI is planning to build and operate 600-mega watt Power Plant in Karachi so that the energy crises in the city can be overcome.

Kamal took keen interest in the development of Power Generation Plant and stressed that there is a need of energy for the industrial and commercial activities. Chairman EOBI further informed that EOBI is also interested in dc-sanitation Plant.

Kamal appreciated the activities done by EOBI. Showing his concern over traffic problem and for its improvement, he said that Mass Transit Project is under consideration.

The City Nazim invited EOBI to consider the project, which will be useful for the citizens of Karachi and also beneficial for EOBI. He assured that the city government will help to made this project a success.-PR