WAKGROUP from Pakistan and Guangdong Electrical Design Institute (GEDI) from China, seal Pakistan’s future with positive expectations, by agreeing to contruct a state-of-the-art deep conversion Falcon Oil Refinery in KP, Pakistan. This epic agreement was signed by Waqar Ahmed Khan, Chairman of WAKGROUP and Mr Qiao Xubin, Vice President of GEDI and endorsed by Mr Yu Gang, Vice President of CEEC (China Energy Engineering Corporation) theparent company of GEDI.
After the expected completion of the project in about 30 months from the commencement date, with a total contract value which amounts to approximately USD 3.58 billion, and which will have a capacity to produce upto 100,000 barrels per day. In addition, the project has a 100 MW power plant and a 3.8 MM MT storage facility on site and across Pakistan. This contributes to the strategic shortage for the country and takes the coverage to 45 days.
Present at the ceremony were the top management of WAKGROUP, GEDI, CEEC and noted personalities from the corporate sector.
Published in Daily Times, August 22nd 2017.
