Company to build power station in Pakistan

Sinohydro Resources takes lead in $2.09b JV with Qataris; Karachi plant offers 'good return'

Sinohydro Resources Ltd, a subsidiary of Power Construction Corp of China Ltd, has signed an agreement with the Doha, Qatar-based Al Malaki Group to jointly fund a $2.09 billion coal-fired power station project in Pakistan.

The Chinese company, often called PowerChina, will be responsible for 51 percent of the total investment, with Al Malaki taking the remainder. Sinohydro will take charge of investment, construction and operation.