Business News

MIRPUR, Aug 29 (APP): The Pakistan Water and Power Development
Authority (WAPDA) on Monday signed a contract worth Rs.10.81 billion
with Alstom Hydro France for refurbishment and up-gradation of 6
power generating units installed at Mangla Hydel Power Station, it
was officially declared.
The contract signing ceremony was held here at WAPDA House on
Monday.
WAPDA General Manager (Hydel) Development Engineer Muhammad
Arshad Chaudhry and representative of Alstom Hydro France Benoit
Dhien signed the agreement on behalf of their organizations.
Mangla Refurbishment Project envisaging additional power of
310 MW will be implemented in various phases, where in the
generating units will be refurbished by closing down one tunnel (two
generating units) at a time.
First two units will be refurbished by the year 2018, the next
two by 2019 and the other two by the year 2020.
Refurbishment of remaining four units will be carried out in
the next phase. The approved PC-I cost of the Project is Rs.52.224
billion.
It is worth mentioning that the USAID is providing US$150
million as grant for the purpose, while rest of the amount would be
arranged by WAPDA through loans.