Pakhtunkhwa Energy Development Organisation (PEDO) has identified a total of 29 hydro power projects with an investment of around US $12.0 billion, said a press release issued here on Saturday. A new investor friendly KP Hydro Power Policy 2016 and associated Guidelines have been put in place to attract investment in the sector.
Recently PEDO had advertised 6 hydropower projects (solicited sites), for which feasibility studies had already been conducted by PEDO. The combined capacity of these projects is 518MW and needs an overall investment amount of approximately US $1.5 Billion. These projects include 188MW Naran HPP in Mansehra, 102MW ShigoKach HPP in Lower Dir, 99MW Arkari Gol HPP in Chitral, 96MW Batakundi HPP in Mansehra, 21MW Ghorband HPP in Shangla, 12MW Nandihar HPP in Batagram.
56 applicants have submitted their proposals for pre-qualification. Out of these 56 applicants, 32 have been pre-qualified and RFPs issued to them for submission of bids in accordance with the criteria provided in the RFP document. The RFP has been approved by NEPRA and this is the first time in the history of Pakistan that tariff based bidding will be carried out for hydro power projects with KP leading the way and acting as pioneers.
PEDO had also advertised 150MW Sharmai HPP in Upper Dir as a semi-raw site. This project needs an investment of US $0.5 billion. A total of 5 Proposals were submitted by local and international investors and evaluation is in final stages and expected to award of this project to the private sector soon.
Apart from these 7 advertised projects PEDO is actively attracting private sector to identify and invest in hydro power raw sites in the province. The seven projects offered to private sector in total would generate 668 MW with an investment amount of $2.0 billion. A pre-bid meeting for the 6 solicited sites was held on January 6, 2017 where all pre-qualified investors participated with a full house, showing confidence in the initiative. In order to further encourage the private sector and give them confidence, a networking dinner event has been planned with investors on January 9, 2017. -PR
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