KARACHI: Ghani Chemical Industries Limited (GCIL), a manufacturer of medical and industrial gases and chemicals, said on Monday it will set up a $5-5.5 million coal power plant to reduce its electricity costs and gain a competitive edge. The company in a filing to the Pakistan Stock Exchange (PSX) said that it has decided to set up a 7 megawatt (MW) coal power plant based on a mix of local and imported coal at Port Qasim or any other nearby suitable location. The plant is expected to save 45 percent…
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