KARACHI: ThalNova has signed a subscription agreement with CMEC ThalNova Power Investments Limited pursuant to which it will subscribe for 10% shareholding in ThalNova, subject to all the regulatory approvals of Pakistan. CMEC ThalNova Power Investments Limited has also executed a Novation Agreement with the existing shareholders of ThalNova. During media briefing Khalid Siraj Subhani, CEO of ThalNova, highlighted the importance of this CPEC project adding that “the project will significantly contribute towards energy self-sufficiency of Pakistan and will exploit country’s indigenous coal resources, reducing reliance on imported fuel.” Published in Daily Times, March 15th 2018.