Liberty confident $125m gamble will reap rewards
KARACHI: Liberty Power Holding, which this week signed a deal to buy the thermal power assets of Pakistan’s biggest conglomerate for $125 million, is using its coal reserves and International Monetary Fund (IMF) reforms to his investment pays off. Liberty Power has entered into an agreement with a subsidiary of Heterogeneous Works group Engro Corp to buy all its thermal assets, including Pakistan’s top coal producer Sindh Engro Coal Mining Company. The deal is one of the biggest in recent years in the country’s electricity sector, which has been in crisis for years due to unpaid debts and technical issues.


