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ISLAMABAD: Six companies of South Korean, Chinese and Pakistani origin Saturday showed their interest in the development of 590 megawatts (MW) Mahl Hydropower Project and finally three companies submitted firm proposals.
The government of Pakistan invited Expression of Interest (EoI) from prospective investors through national and international media in June 2013.
Initially six companies of South Korean, Chinese and Pakistani origin showed their interest in development of the 590 megawatts (MW).
The companies submitted proposals to the Private Power and Infrastructure Board for 590 MW Mahl Hydropower Project to be located on dual boundary of Punjab (Rawalpindi) and AJ&K (Bagh) include CWE Investment Corporation, China, Sinohydro Group Limited, China and Nishat Group Associates Pakistan.
The proposals were opened by the Committee under the Secretary Water and Power/Managing Director PPIB Saifullah Chattha.
The Committee is mandated to oversee the development process of the project and its other members include representation from the government of Punjab, government of AJ&K, Ministry of Water and Power, NTDC and PPIB.
The proposals which were opened in the presence of bidding companies and media would be evaluated based on the technical and financial credentials of the applicants within a month and following the approval of the Board of PPIB highest ranked party will be offered Letter of Interest (LoI) for conducting feasibility study of the Project. The work of the project can be started in December 2016-17.
The estimated cost of the project is $1 billion and besides providing jobs, and 3.6 billion units per annum of clean-reliable-affordable electricity into the national grid, the province/AJ&K will receive millions of rupees on account of water use charges during the term of project operations. The project will be implemented on Build-Own-Operate-Transfer (BOOT) basis and will be transferred to government of AJK after completion of twenty-five years.
The government attaches top priority to generate electricity at affordable prices and in line with the policy of the government and PPIB is handling and facilitating the development of the Project for its timely completion to meet the future energy requirements.
Currently PPIB is processing fourteen run-of-the-river hydropower projects of 6,848 MW cumulative power generation capacity in the private sector. These projects are at different phases of development and shall be commissioned as per specified timelines. staff report
Daily Times - Leading News Resource of Pakistan
The government of Pakistan invited Expression of Interest (EoI) from prospective investors through national and international media in June 2013.
Initially six companies of South Korean, Chinese and Pakistani origin showed their interest in development of the 590 megawatts (MW).
The companies submitted proposals to the Private Power and Infrastructure Board for 590 MW Mahl Hydropower Project to be located on dual boundary of Punjab (Rawalpindi) and AJ&K (Bagh) include CWE Investment Corporation, China, Sinohydro Group Limited, China and Nishat Group Associates Pakistan.
The proposals were opened by the Committee under the Secretary Water and Power/Managing Director PPIB Saifullah Chattha.
The Committee is mandated to oversee the development process of the project and its other members include representation from the government of Punjab, government of AJ&K, Ministry of Water and Power, NTDC and PPIB.
The proposals which were opened in the presence of bidding companies and media would be evaluated based on the technical and financial credentials of the applicants within a month and following the approval of the Board of PPIB highest ranked party will be offered Letter of Interest (LoI) for conducting feasibility study of the Project. The work of the project can be started in December 2016-17.
The estimated cost of the project is $1 billion and besides providing jobs, and 3.6 billion units per annum of clean-reliable-affordable electricity into the national grid, the province/AJ&K will receive millions of rupees on account of water use charges during the term of project operations. The project will be implemented on Build-Own-Operate-Transfer (BOOT) basis and will be transferred to government of AJK after completion of twenty-five years.
The government attaches top priority to generate electricity at affordable prices and in line with the policy of the government and PPIB is handling and facilitating the development of the Project for its timely completion to meet the future energy requirements.
Currently PPIB is processing fourteen run-of-the-river hydropower projects of 6,848 MW cumulative power generation capacity in the private sector. These projects are at different phases of development and shall be commissioned as per specified timelines. staff report
Daily Times - Leading News Resource of Pakistan
