Russia keen to invest in energy sector

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ISLAMABAD: The Russian government on Thursday expressed its interest to invest in Pakistan’s energy sector, especially in the implementation of 500 to 600 megawatts of coal-fired power plants near Muzaffargarh and Jamshoro and also modernisation and conversion to coal of some other power projects in the country.


A Russian delegation comprising of Eng. Alexey Semenkov, director of Overseas Projects South Centre of Power Engineering PLC (SCPE) and Eng. Valery Davydyuk, deputy general director and Eng. Dimitry Solodyankin, deputy general director of ECM called on Chairman Board of Investment Mohammad Zubair.


The company was also agreed for modernisation and conversion to coal the unit No. 1 of TPP Guddu, dispersal of power from 747 MW thermal power plant Guddu, construction of HV transmission line with the capacity of 500 kV, and upgrading and construction of HV transmission lines and substation 220 kV in the districts of DI Khan.


ECM is the consortium partner of SCPE. Semenkov said that the SCPE was the leading Russian state-controlled engineering company, widely known in the power industry.


In order to mobilise funding for the coal-fired and other thermal power projects, SCPE, in cooperation with the leading Russian banks, is ready to hold talks with Pakistani authorities to finance 85 percent of the cost of these projects for a period of not less than 14 years.


He further said the Russian companies are keen to participate in international tenders for projects, such as hydroelectric power station Tarbela (lot 1 of the construction work), HPP Tarbela (lot 2 of the electromechanical works), and hydroelectric power station KeyalKwar.


“I am sure that the plans will contribute to further intensification of cooperation between Russia and Pakistan in the field of electric power industry, and the implementation of the projects,” said chairman BOI.

Courtesy:  The News

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