Tenaga Nasional Bhd (TNB) has offered to cut tariff to revive a stalled power plant in Pakistan.
TNB said it would not write off its subsidiary Liberty Power Ltd’s 235 MWe plant near Dharki, in southeast Sindh province, about 20 km from the Indian border.
Earlier, TNB had said that the plant had run into difficulties. Due to delays in project execution, its cost has doubled to $450 million, while the start up date has been pushed to December 1999 (from August 1997). TNB said that it expects a 10 per cent return from the plant rather than the original 23 per cent. TNB has increased its share of Liberty from 62 to 100 per cent, at the request of the Pakistani government.
