Uch project receives funding

After six years of waiting, the financing is finally secure for Uch Power Project, the second-largest private power project in Pakistan, sponsored by a consortium of Midlands Electricity, GE Capital Corp., Tenaska Inc., Hawkins Oil and Gas, and Hasan Associates.

The project, a 586 MW gas-fired facility, is the first private power project in Pakistan to be fueled with an indigenous fuel–Pakistan`s plentiful, but to date untapped, supply of low- and medium-Btu natural gas, according to a consortium spokesman.