The agreement also covers construction of a jetty in addition to power plants, at a cost of $ 2.5bn, over the next three years.
Prime Minister Muhammad Nawaz Sharif said ANC’s investment in Pakistan power sector would help the country to overcome the energy shortages.
The Government of Pakistan has taken bold initiatives to address the energy shortfall and bring prosperity to the economy and people through establishing several short and long term projects, Sharif added.
An unnamed senior government official was quoted by DAWN.com as saying that ANC has been promised to be issued a formal letter of interest (LoI) within three months to start physical progress.
A total of ten coal-fired power plants, each with a capacity of 660MW are scheduled to be Pakistan Power Park, of which six projects will receive significant Chinese investment, two will be constructed by ANC Dubai, while one has been initiated by the Pakistan Government.
