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· The
studies of Hydropower Project on Palas Valley (Chor
Nullah) was carried out by Consultants M/s
ILF of
(Germany), POYRY (Australia) and ACE (PAK) with
financing grant from KfW of Germany.
.
As per Phase-I study, Lower Palas Scheme (665 MW) is
ranked first to be taken up for feasibility study.
The other identified Projects are Middle Palas (373
MW) and upper Palas (160 MW). The Consultants
submitted feasibility report of 665 MW Lower Palas
Scheme in June, 2010.
. WAPDA Authority in its meeting
on 31.08.2010 has decided to implement Lower Palas
Hydropower Project in Public Private Partnership
(PPP) mode. EOI documents for PPP mode have been
prepared in consultation with CCC. WAPDA and IPDF,
Islamabad.
· EOI
documents have been issued to interested sponsors.
Four bids were received and evaluated. The
recommendations made by Evaluation Committee were
approved by Authority on 20.03.2012. Authorities
recommend M/s Daewoo Engineering Consortium of Korea
for 665 MW Lower Palas Valley Hydroower Project.
WAPDA has issued Letter of Acceptance to M/s K-Water
& Daewoo Engineering Consortium.
.
Prior to invite private sector for further
negotiation to finalized the PPP modalities, the
mater was discussed with Govt. of Khyber Pakhtunkhwa
regarding % age equity share with public sector.
Government of Khyber Pakhtunkhwa intends to
contribute 25% of the equity share. WAPDA would
contribute 1% of the equity share.
· A
meeting among WAPDA, PPIB, Board of Investment,
Planning Division, Finance
Division, Government of Khyber
Pakhtunkhwa and Ministry of Water & Power was held
on 29th
August, 2012 at Islamabad and the
following decisions were made:-
1. PPIB shall
handle the Lower Palas Valley Hydropower project
onwards under the Provisions
of "Policy for Power Generation-2002".
2. Government of
Khyber Pakhtunkhwa as an equity Partner shall be
involved in the decision
making regarding the projects.
· MOU
between Public and Private Sector Sponsors has been
signed on 24.12.2012.
· Draft
of Joint Public Development Agreement (JDA) has been
prepared and circulated among various WAPDA
Organization for review/comments.
.
Technical due diligence by the Private Sponsor has
been finalized.
Incharge
of the Project
Engr Hasnain
Afzal
General Manager (Hydro) Planning.
WAPDA Sunny View Lahore
Contact No. 0092-42-99202717
Mobile No. 0092-0300-8411244 |
