Pakistan seeks development partner for 665-MW Lower Palas

Pakistan's Water and Power Development Authority (WAPDA) invites expressions of interest from firms to participate in development of the 665-MW Lower Palas Valley hydroelectric project on tributaries of the Indus River. Responses are due about October 4.

Pakistan has launched a hydropower construction campaign to strengthen its power supply capabilities. Consultants were recruited in 2010 to study financial requirements and sources of financing for hydro projects, primarily in the Indus Basin.

WAPDA said it intends to develop the Lower Palas Valley project in Khyber Pakhtunkhwa Province under a public-private partnership model. The estimated US$763 million project is to be built on left bank tributaries of the Indus, 12 kilometers upstream from Patan.

The governments of Pakistan and Khyber Pakhtunkhwa and WAPDA would provide up to one-fifth of the equity in the partnership. The selected firm would be equity partner for the remaining 80 percent of equity and for arrangement of a loan for the cost of the project through debt financing.

A partner is to be selected based on financial worth, credit worthiness, experience of financing and sponsoring similar projects, and the terms and conditions of finances provided.

Expression of interest documents may be obtained from the address below for US$1,000 or the equivalent in rupees.

Expressions of interest are due 90 days from publication of the project, or about October 4. For information, contact General Manager, Hydro Planning Organization, Water and Power Development Authority (WAPDA), Sunny View, Kashmir Road, Lahore, Pakistan; (92) 42-99202717; Fax: (92) 42-99202722; E-mail: gmhydroplanning@gmail.com; Internet: www.wapda.gov.pk.

For more hydropower tenders, click here.



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