Power crisis: Russia expresses interest in power sector

By APP
Published: August 16, 2013
Email

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 16th, 2013.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation. 

Facebook Conversations

Reader Comments (1)

  • Aug 16, 2013 - 7:22AM

    Balancing act of Russians of Pakistani inclination towards China. Well, but it will ultimately be beneficial to Pakistan.

    Recommend

More in Pakistan