Islamabad, 30th June 2016:
Private Power and Infrastructure Board (PPIB) and
Power Universal Investment Co. Ltd, Dubai UAE, a subsidiary of China
Gezhouba Group Company Limited today executed Letter of Support (LOS) for
development of 640 MW Azad-Pattan Hydropower Project. Execution/Signing of
the LOS will lead to further development, financing, construction and
subsequently operation of the Project.
640 MW Azad-Pattan Hydropower Project is a run of the river hydropower
project located on River Jhelum on dual boundary of AJ&K and Punjab having
capability to generate clean, reliable and affordable 3.075 Billion units of
electricity per year to the national grid. The Project is located very close
to the load center and will be connected to the national grid through 500 kV
As the Government attaches top priority to generate electricity at
affordable prices utilizing indigenous resources like coal and hydro, this
project assumes further importance. In line with the policy of the
government, PPIB is handling & facilitating the development of this Project
for its timely completion to meet the future energy requirements.
This Project is being developed by Power Universal Investment Co. Ltd,
Dubai UAE, a subsidiary of China Gezhouba Group Company Ltd. and Laraib Group at
Pakistan. The Project will be
implemented on Build-Own-Operate-Transfer (BOOT) basis under the provisions
of Power Policy 2002.
After commissioning, the Project Company will operate and maintain the
Project for thirty (30) years after which it will be transferred to the
Government of AJ&K at a notional price of one (01) Rupee. Further, during
operation and maintenance of the Project, the Government of AJ&K/Punjab will
receive Rs.1306 Million every year on account of water use charges which
would be shared equally between GoAJ&K and Punjab. After transfer of the
Project to AJ&K, the GoPunjab will receive full amount of water use charges
i.e. Rs.1306 Million/annum.
PPIB is processing
hydropower projects with a cumulative capacity of around 6400 MW through
private sector which are at various stages of development.