Pakistan-based Lucky Cement consider 660 MW coal plant

The board of Pakistan's Lucky Cement is reported to be about to announce a recommendation to its shareholders to inject US$202.9 million (PKR 20 billion) into  developing a 660 MW coal-based power plant. To be located in Karachi, the plant will be held by a new entity named Lucky Power, indirectly 75% held by Lucky Cement through its subsidiary Lucky Holdings (LHL). The total project bill is estimated at US$1.08bn, to be financed with debt and equity at an estimated 75:25 ratio.