LCBDDA receives $700m investment proposal

01 Mar, 2022

LAHORE: Lahore Central Business District Development Authority (LCBDDA) has received a 700 million USD investment proposal from an engineering giant, Techno Engineering Services (TES) to build Pakistan’s first LNG based power plant.

The captive power plant is an embedded generation of uninterrupted power supply for Pakistan’s most anticipated business hub. The engineering firm tends to install 150 MW LNG plants which will use “waste heat recovery” process by reusing heat energy.

The CBD Punjab has always backed cost effective and eco-friendly initiatives and LNG power plant fulfills theme of CBD Punjab eco-friendly approach. LNG is considered to be the cleanest fueling source which doesn’t emit soot, dust or fumes and produces insignificant amount of sulfur dioxide making it very environment friendly.

Imran Amin - CEO LCBDDA stated, “Our aim is to provide best possible eco-friendly utilities to residents across CBD Punjab. Acquiring investment proposal from renowned engineering firms like TES is laudable. It is evidently visible that CBD Punjab has paved the road to enlist Pakistan in first world countries. CBD Punjab is dynamic in contributing to country’s economic growth. Keeping insight the deteriorating air index these eco-friendly utilities are a step towards a greener and breathable Punjab”.

The canvas of CBD Punjab is massive which will be colored by sky scrapers, ultra-high-rise buildings and architectural masterpieces. Considering the weather conditions of Lahore, District Cooling System (DCS) is also proposed in the proposal.

Copyright Business Recorder, 2022

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