Swiss Water Plans $200 Million of Clean-Power Plants in Pakistan

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Swiss Water Plans $200 Million of Clean-Power Plants in Pakistan

Swiss Water Tech Research & Development SA, a green-technology developer, said it's in line to win about $200 million of contracts in Pakistan to supply clean-power plants that run on waste.

The Neuchatel, Switzerland-based company received a letter of intent from the Punjab state government and will provide the technology for a 100-megawatt project, Chief Operational Operator Ralph Hofmeier said in an interview. Swiss Water is also in talks with private companies for a similar amount of capacity that includes agreements last week with three firms for 17 megawatts.

The plants could run on liquid or solid waste to generate power more cheaply than coal, solar or wind projects, Hofmeier said in Karachi without elaborating. The company is seeking funds from Habib Bank Ltd. that would be backed by a sovereign guarantee from the Pakistan government, he said .

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