Six companies bid for 6,600 MW Gadani power project

Six companies have submitted their Expressions of Interest (EoIs) to develop coal-based IPPs of cumulative capacity of 6600 MW to be set up at the Gadani Power Park, (Balochistan).

The EoI opening ceremony was held here yesterday at Private Power & Infrastructure Board (PPIB. The last date for submission of proposals was October 31, 2014. The companies which submitted their EoIs are:

• China Gezhouba Group Company Limited, China;
• Genting Energy, Malaysia;
• China Machinery Engineering Corporation, China;
• ANC Holding of Dubai, UAE;
• China Huadian Engineering Company Limited, and
• Harbin Electric International, China.

The present government, as part of its efforts to generate low-cost electricity, plans to construct a Power Park at Gadani Balochistan with ten projects of 660 MW each (6600 MW).

According to sources, an independent consultant will review the proposals according to the predefined criteria, and a notification about qualified bidders is expected to be issued within a month.

The government has set up a Special Purpose Vehicle (SPV), called Pakistan Power Park Management Company Limited (PPMCL), to develop these two projects and supervise the rest. The SPV will complete all common facilities including Jetty for import of coal, switchyard, ash disposal, cooling water, transmission infrastructure and residential facilities.

The PPPMCL will also be responsible for operation and maintenance after completion of project.

The cost of the project has been estimated at Rs 146.627 billion ($1.488.6 billion) with a 15 percent GoP equity and an 85 percent debt financing as foreign loan.