LAHORE: Pakistan on Friday awarded a $241.1 million contract for electro-mechanical works of 1,530MW Tarbela 5th Extension Hydropower Project to a joint venture comprising Harbin Electric.
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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.