The Managing director of MidRoc Zafar Ali and Kuwaiti Consul General Hasan Bader Al-Oqab were also present on the occasion. He said his company will set up two wind power generation plants at Mirpur Sakro at a cost of 200 million dollar. "We have signed memorandum of understanding (MoU) and the first power plant of 50 megawatts costing 100 million dollar will be set up in the first phase while second of a similar capacity and cost in the next phase," he added.
Sabah pointed out that 2,500 acres of land has been acquired for this purpose and groundbreaking ceremony was held on Thursday. He said his company was also setting up 350 MW power generation plant in Lahore. He said his company will also establish lube-based oil refinery at Port Qasim over 500 acres of land at a cost of 1.5 billion dollar.
He said the groundbreaking for this project will be held in March next year. This unique refinery will have a production capacity of 200,000 metric tons of all kinds of lubricants per annum. Sabah said his company was operating three large refineries, two in Sweden and one in Morocco. We have acquired Swedish technology in oil refining and will the same in Pakistan, he added.
Talking about other interests in Pakistan, he said MidRoc will also develop a modern gated community housing scheme in Islamabad for overseas Pakistanis. Similarly, we will build a five-star hotel in Karachi. The company of Sheikh Humoud Al-Sabah has come to Pakistan on the invitation of President Pervez Musharraf to invest in this country. We had a meeting with him in December last year where he convinces us to invest in Pakistan.