Bids opened for 100 MW power project Kotli Hydropower project

ISLAMABAD (INP): Federal Minister for Water and Power Khawaja Asif has said that the government is focusing on development of hydropower resources to achieve long term vision of the power sector and to overcome its challenges. 
He said this while addressing the big opening ceremony of 100 MW Kotli Hydropower project held here Tuesday.
The opening of proposals for 100 MW Kotli hydropower project is one of the examples of our interest in improving the hydro thermal mix in the country, he added. Asif further said the project will not only provide the clean, affordable and reliable electricity in the national grid but also provide employment in the area.

The proposals were invited from prospective investors for development, financing and construction of 100 MW Kotli Hydro power project in private sector through national and international print media in December, 2013. Initially five companies of Chinese, Thailand and Pakistani origin showed their interest and finally three companies submitted firm proposals.
The companies submitted their proposals include M/s CWE Investment Corporation,China, M/s Ratchaburi Electricity Generating Holding PCL, Thailand and M/s Sachal Engineering Works (Pvt) Ltd , Pakistan. These proposals were opened by the Committee constituted by the Board to oversee the development process of the project in the presence of bidding companies representatives and media. The Committee is being headed by Managing Director, PPIB having members from Government of AJK, Azad Jammu and Kashmir Council, Ministry of Water & Power, NTDC and PPIB.
The proposals will be evaluated in the shortest possible time based on the technical and financial credentials of the applicants. The prequalified applicants will be issued Requests for Proposals (RFP) documents for preparing their bids for next stage.
The run of river project is located on Poonch River in District Kotli is likely to draw millions of dollars of investment. Further AJK will receive millions of rupees on account of water use charges during the term of the project operations. The estimated cost of the project is $ 170 million and will be developed on Built-own-operate-Transfer basis and will be handed over to AJK Government after thirty years.

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