Related Keywords: coal-based power project, Gadoon Textile Mills Limited, Group venture, invest of Rs.270 million, LEPCL, Pakistani textile mills, power supply
The Gadoon Textile Mills Limited a listed company of the Younus Brother Group proposes to invest Rs270 million ($2.7m) in the Group venture Lucky Electric Power Company Limited (LEPCL) to set up 600MW coal-based power project in Karachi, on seeing the inadequate power supply facing by the Pakistan textile mills.
Some textile mills have been shut as they are running in losses due to inadequate power supply while jobs of millions of people also are at stake
