Atlas Honda signs MoU with MAN for 450-MW power project

Islamabad: Atlas Honda, leading company in private sector Tuesday signed two agreements with a major German firm MAN Diesel for 450 MW power generation in private sector as joint venture and to supply electrical equipment's to Pakistan.
The agreements were signed at the Prime Minister House in the presence of Prime Minister Shaukat Aziz and Minister for Privatization Zahid Hamid.
The first agreement about production of 450 MW electricity in two phases of 225 MW each was signed by Dr. Pachta Chairman Executive Board MAN Diesel and Saquib H. Shirazi CEO Atlas Honda.
The second agreement regarding supply of equipments for 1000 MW, mostly generators, was signed by Dr. Spindler, Member Executive Board MAN Diesel and Saquib H. Sherazi.
The Prime Minister Shaukat Aziz while talking the delegation of MAN Diesel and Atlas Honda before the signing agreements said that Pakistan has really transformed the economy in last eight years and proud to have good performance in all the fields.
Shaukat Aziz said the transformation in various sectors was possible through open, transparent and continuous policies adopted by the government in the last 8 years.
He said the reforms in Pakistan are better than the whole region and the foreign direct investment of over dollar 6 billion is the proof of the success of these policies.