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ECC approves issuance of sovereign guarantees for four projects worth Rs 110b

ISLAMABAD: The Economic Coordination Committee (ECC) has approved issuance of sovereign guarantees for four projects of worth 110 billion rupees for Power Holding Private Limited to set off and adjust existing facilities.

The approval was granted during the committee meeting held in Islamabad on Tuesday with Finance Minister Ishaq Dar in the chair.

The ECC also approved another proposal to extend Tenor and Grace Period in respect of Term Finance Facility of 82 billion rupees for Power Holding Private Limited.

It accorded also approval of Standard Implementation Agreement under Policy Framework for Private Sector Transmission Line Projects, 2015 and Project Specific Transmission Services Agreement.

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