Pakistan’s Water and Power Development Authority (WAPDA) invites expressions of interest to develop the 496-MW Lower Spat Gah hydroelectric project on the left bank tributary of the Indus River. Responses are due November 14.
WAPDA previously solicited developers by Nov. 1 for the 665-MW Lower Palas Valley hydroelectric project on tributaries of the Indus. Consultants were recruited in 2010 to study financial requirements and sources of financing for hydro projects, primarily in the Indus Basin.
In the current solicitation, WAPDA seeks a developer to pursue Lower Spat Gah under a public-private partnership model. The estimated US$697 million project is to be built downstream from Dasu in Khyber Pakhtunkhwa Province. It would have design discharge of 81 cubic meters per second, gross head of 745 meters, and mean annual generation of 2,106 gigawatt-hours.
The governments of Pakistan and Khyber Pakhtunkhwa and WAPDA would provide up to one-fifth of the equity in the partnership. The selected firm would be equity partner for the remaining 80 percent of equity and for arrangement of a loan for the cost of the project through debt financing.
A partner is to be selected based on financial worth, credit worthiness, experience of financing and sponsoring similar projects, and the terms and conditions of finances provided.
Expression of interest documents may be obtained from the address below for US$1,000 or the equivalent in rupees.
Expressions of interest are due November 14. For information, contact General Manager, Hydro Planning Organization, Water and Power Development Authority (WAPDA), Sunny View, Kashmir Road, Lahore, Pakistan; (92) 42-99202717; Fax: (92) 42-99202722; E-mail: firstname.lastname@example.org; Internet: www.wapda.gov.pk.
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