Power crisis: Russia expresses interest in power sector

Russia expressed willingness to invest in 500-600 MW coal-fired thermal power projects near Muzaffargarh and Jamshoro.

ISLAMABAD: A Russian delegation comprising Director of Overseas Projects for South Centre of Power Engineering PLC (SCPE), AlexeySemenkov, called on Chairman Board of Investment, Mohammad Zubair, on Thursday and expressed willingness to invest in 500-600 megawatt (MW) coal-fired thermal power projects near Muzaffargarh and Jamshoro. Semenkov apprised the chairman that SCPE is a leading Russian State-controlled engineering company, widely known in the power industry. In order to mobilize funding for coal-fired and other thermal power projects, SCPE in cooperation with the leading Russian banks is ready to hold talks with Pakistani authorities on structuring and financing 85 % of the cost of these projects for a period of not less than 14 years. He further apprised that Russian companies are keen to participate in international tenders for projects such as hydro electric power station Tarbela, Hydro Power Project Tarbela as well as hydro electric power station “Keyal Kwar”.

Published in The Express Tribune, August 16^th, 2013.

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