RIAA Barker Gillette (Pakistan) was engaged by Lucky Electric Power Company Limited as project company counsel for the development, construction and operation of their 660MW imported coal fired power project at Bin Qasim Town, Karachi at an estimated cost of USD 1 billion. The plant is based on a supercritical cycle to utilise the benefit of higher efficiencies. It will operate at 85% capacity factor and contribute towards reducing Pakistan’s cost of generating electricity. The project commenced commercial operations in March 2022.
We advised the company on all project related matters including tariff, financing, EPC contracts, and coal supply. In Karachi, our team led by our Managing Partner – Pakistan Bilal Shaukat, and comprising Associates Parus Qureshi, Ahsan Amir and our then Senior Associate, Sara Ansari assisted with the financing, EPC and fuel supply agreements. Islamabad based Partner – Pakistan Nadir Altaf advised the company on tariff and other regulatory matters.
For more information on the project, please visit https://luckyelectricpower.com.
