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February 1, 2023

Working capital financing for Punjab Thermal Power

Punjab Thermal Power (Private) Limited, which is wholly owned by the Government of Punjab

RIAA Barker Gillette has advised a syndicate of banks on providing Punjab Thermal with funded working capital financing facilities (approximately PKR 5 billion in total).

Punjab Thermal Power (Private) Limited, which the Government of Punjab wholly owns, is developing a 1,263 MW combined cycle RLNG-fired power plant in Jhang, Punjab.

We are advising a syndicate of banks, including Meezan Bank Limited, on the provision of funded working capital financing facilities to Punjab Thermal Power (for a cumulative amount of approximately PKR 5 billion) to enable payments to the gas supplier.
 
Our team for this matter consists of Pakistan Partner Adil Tirmizey and Associate Partner Rida A. Bhatti.

For further details, read the following article.

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