LAHORE: A Chinese company has been awarded Rs1.68 billion for Mangla Refurbishment Project (Package-9) by Water and Power Development Authority (Wapda) on Monday.

A contract was signed between the two companies. Wapda is implementing Mangla Refurbishment Project with an approved PC-I cost of Rs52.224bn. The project, on its completion, will enhance generation capacity of the existing Mangla Hydel Power Station from 1,000 megawatt (MW) to 1,310MW, thus registering an increase of 310MW.

The refurbishment works have been divided into 11 different packages. Prior to signing of Package-9, which includes up-gradation of Mangla power station’s switchyard, as many as five other packages of the project have already been awarded and the works are in progress on them.

“The contract signing ceremony was held at the Wapda House. Wapda’s General Manager (Hydel) Development, Engineer Muhammad Arshad Chaudhry and China’s CMAC Engineering Company’s Business Manager, Ms Liang Xiaofang signed the agreement on behalf of their organisations,” says a press release.

The project will be implemented in various phases, wherein the generating units will be refurbished by closing down one tunnel (two generating units) at a time. Refurbishment of the first two units will be completed in 2019, while refurbishment of all 10 generating units is likely to be accomplished by 2024.

“USAID is providing $150 million as grant, while AFD is providing 90m euros as loan for the project, while the remaining amount is being arranged by Wapda through loans and its own resources,” the release said.

Published in Dawn, September 18th, 2018

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...
By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...