KARACHI: Jamshoro Power Company and Siemens-HEI will develop Pakistan’s first supercritical coal-fired power plant in Jamshoro, according to a statement released by the Power Division on Thursday.
The engineering, procurement and construction (EPC) contract for the first unit that has a capacity of 660MW was signed at a ceremony in Islamabad. A five-year operation and maintenance (O&M) contract was also signed.
“The EPC contract price for Lot-I (unit 1 of 660MW and balance of plant) signed today is $562 million. The EPC contract price of Lot-II (unit 2 of 660MW and expansion of balance of plant) is $313 million which will be signed in the next phase once the financing arrangement is finalised,” the release added. “The signed Lot is being funded by the Asian Development Bank, and each unit will be completed within 42 months.”
GENCO Holding Company CEO Muhammad Imran Mian, in his welcome speech, highlighted salient features of the project and stated that along with the EPC contract, a contract for five years’ O&M of the project was also signed.
“This project will use 80% imported sub-bituminous coal and 20% local Thar lignite and, as a result, cheaper energy will be generated to meet the future electricity needs of the country,” Imran stated, adding that arrangements for financing the second unit are at an advanced stage with its EPC contract expected to be signed soon.
Imran acknowledged the support extended by the Power Division, Ministry of Energy, Asian Development Bank (ADB) and other stakeholders to achieve this historic milestone.
Published in The Express Tribune, March 30th, 2018.