It is of the view that if Federal Government guarantees the project, it is ready to commence work on the project.
Punjab government led by CM had signed an agreement with the Chinese company half and a year back. Now the company has not only apologized for making feasibility report of the project but also refused to work on the project, with the demand that unless and until, the Federal Government provides guarantee, company would not start work.
Punjab government has offered the guarantee of the Bank of Punjab but the Chinese company refused to accept the offer.
Company is of the view that province have no arrangement of purchasing electricity.