Wapda is the country’s first public sector entity that has launched the GEB to meet its financial needs for the construction of mega projects. Creative Commons/ File
LAHORE: The Water & Power Development Authority (Wapda) on Monday listed the Indus Bond a green Eurobond (GEB) on the London Stock Exchange (LSE) to raise $500 million to finance mega hydropower projects.
Talking to
Dawn, Wapda Chairman retired Lt General Muzammil Hussain said: “Since we need about $2.2 billion ($1.5bn in first two years and the rest subsequently), we have initially a listed $500 million Eurobond. The number of bonds will be gradually increased depending upon the financial needs for the projects.”
The contract involves modification of tunnel-5, raised intake, power house, tailrace works including channel and culverts and penstocks. Reuters/File
ISLAMABAD: The Water and Power Development Authority (Wapda) on Thursday awarded a $354.6 million worth of contract to Power Construction Corporation of China Ltd (PCCCL) for civil works of the 1,530MW Tarbela 5th Extension Hydropower Project after completion of an international competitive bidding process.
The contract was signed by Project Director Tarbela 5th Extension Project Muhammad Azam Joya and PCCCL Executive Representative in Pakistan Ling Jianke. The signing ceremony was also attended by Wapda Chairman Muzammil Hussain, World Bank Country Director Najy Benhassine, World Bank Task Team Leader Dr Rickard Liden, Wapda Member Finance Naveed Asghar, Member Water Abdul Zahir Khan Durrani, Member Power Jamil Akhtar, General Managers concerned and representatives of the project consultants.
Contract awarded for Tarbela extension project
Power Construction Corp of China got the $354.6m contract
LAHORE:
The Water and Power Development Authority (Wapda) has awarded a contract worth $354.6 million for civil works on the 1,530-megawatt Tarbela 5th Extension Hydropower Project to Power Construction Corporation of China Limited (PCCCL).
The contract was awarded through international competitive bidding.
Speaking at the signing ceremony of the contract, Wapda Chairman Muzammil Hussain said that to enhance the water storage capacity and the share of cheap and clean hydel power generation in the national grid, Wapda was constructing 10 projects including the Tarbela 5th Extension.
“Timely completion of these projects is important for the purpose,” he said.
The contract involves modification of tunnel-5, raised intake, power house, tailrace works including channel and culverts and penstocks. Reuters/File
ISLAMABAD: The Water and Power Development Authority (Wapda) on Thursday awarded a $354.6 million worth of contract to Power Construction Corporation of China Ltd (PCCCL) for civil works of the 1,530MW Tarbela 5th Extension Hydropower Project after completion of an international competitive bidding process.
The contract was signed by Project Director Tarbela 5th Extension Project Muhammad Azam Joya and PCCCL Executive Representative in Pakistan Ling Jianke. The signing ceremony was also attended by Wapda Chairman Muzammil Hussain, World Bank Country Director Najy Benhassine, World Bank Task Team Leader Dr Rickard Liden, Wapda Member Finance Naveed Asghar, Member Water Abdul Zahir Khan Durrani, Member Power Jamil Akhtar, General Managers concerned and representatives of the project consultants.
Chinese firm awarded $355m Tarbela project
Chinese firm awarded $355m Tarbela project
The Water and Power Development Authority (Wapda) on Thursday awarded a $354.6 million worth of contract to Power Construction Corporation of China Ltd (PCCCL) for civil works of the 1,530MW Tarbela 5th Extension Hydropower Project after completion of an international competitive bidding process.
The contract was signed by Project Director Tarbela 5th Extension Project Muhammad Azam Joya and PCCCL Executive Representative in Pakistan Ling Jianke. The signing ceremony was also attended by Wapda Chairman Muzammil Hussain, World Bank Country Director Najy Benhassine, World Bank Task Team Leader Dr Rickard Liden, Wapda Member Finance Naveed Asghar, Member Water Abdul Zahir Khan Durrani, Member Power Jamil Akhtar, General Managers concerned and representatives of the project consultants.