ISLAMABAD - A Russian company has shown interest in implementation of 500-600MW coal-fired thermal power projects near the cities of Muzaffargarh and Jamshoro in the public sector, and also in modernization and conversion of some other power projects in the country to coal.
A Russian delegation comprising of Eng. Alexey Semenkov, Director of Overseas Projects, M/s. South Centre of Power Engineering PLC (SCPE), Eng. Valery Davydyuk, Deputy General Director, & Eng. Dimitry Solodyankin, Deputy General Director M/s. ECM, called on Chairman BOI Mohammad Zubair in Board of Investment. M/s ECM is the consortium partner of SCPE.
Semenkov apprised that SCPE is the leading Russian state-controlled engineering company, widely known in the power industry.
In order to mobilize funding for the coal-fired and other thermal power projects, SCPE in cooperation with the leading Russian banks is ready to hold talks with Pakistani authorities on the structuring of the financing in the amount of 85 % from the cost of these projects for a period of not less than 14 years.
The company was also agreed for modernization and conversion to coal the unit No. 1 of TPP “Guddu”; dispersal of power from 747 MW thermal power plant “Guddu” (construction of HV transmission line with the capacity of 500 kV); upgrading and construction of HV transmission lines and substation 220 kV in the districts of D.I.Khan.
He further apprised that the Russian companies are keen to participate in international tenders for projects such as hydroelectric power station “Tarbela” (lot 1 of the construction work), HPP “Tarbela” (lot 2 of the Electromechanical works), as well as hydroelectric power station “KeyalKwar”.
Chairman BOI said that I am sure that the plans will contribute to further intensification of cooperation between Russia and Pakistan in the field of electric power industry, and the implementation of the projects.