Partners, investors sought for Central-South Asia power project

Four Central and South Asian nations are looking for development partners, investors, and contractors to develop a transmission line that will be a key link in a hydropower-based Central-South Asia power market. Expressions of interest are due August 20.

The governments of Tajikistan, Kyrgyzstan, Pakistan, and Afghanistan are cooperating to develop the Central Asia South Asia Regional Electricity Market with assistance from the World Bank, Asian Development Bank, and Islamic Development Bank. (HNN 4/26/07) The project initially calls for export of 1,000 MW of hydropower from Tajikistan and Kyrgyzstan via Afghanistan to Pakistan.

The project is expected to involve significant private sector participation both for the cross-border transmission line, CASA-1000, and for related power trading operations. Private sector participants are expected to include development partners; equity and debt investors; and design, construction, operation, and maintenance contractors.

Expressions of interest are due, by e-mail, by August 20 to investment banking firm Fieldstone at the address below.

For information, contact S. Ballantine, Fieldstone, New York, NY, U.S.A.; (1) 212-6261400; E-mail: sballantine@fpcg.com.

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