Genco Holding Company Limited and Siemens-HEI (Harbin Electric International) Joint Venture signed EPC contract for first unit having capacity of 660MW (out of two units of 660MW each) and 5 years O&M contract of 1320MW Jamshoro Coal Fired Power Project.
EPC contract price for Lot-I (unit 1 of 660MW and balance of plant) is US 562 million dollars. The EPC contract price of Lot-II (unit 2 of 660MW and expansion of balance of plant) is US 313 million dollars which will be signed in next phase once financing arrangement is finalized, says a press release issued here.
The contract was signed in the presence of the secretary Ministry of Energy (Power Division), chief executive officer of GENCO Holding Company, the commercial counsellor of the Embassy of People’s Republic of China and other officials from the ministry, GHCL / GENCOs, Asian Development Bank, Siemens, Harbin Electric International, Project Consultants Mott Mcdonald, etc. The signed Lot is being funded by the Asian Development Bank, and each unit will be completed within 42 months.
Muhammad Imran Mian, Chief Executive Officer GENCO Holding Company, in his welcome speech, highlighted salient features of the project and stated that along with the EPC contract, a contract for five years O&M of the project was also signed. This project will use 80% imported sub-bituminous coal and 20% local Thar lignite, and as a result cheaper energy will be generated to meet the future electricity need of the country.
Imran Mian informed that arrangement for financing for second unit of similar capacity is underway at advanced stage and EPC will also be signed very soon to bring both units as quickly as possible. Imran acknowledged the support extended by the Power Division, Ministry of Energy, Asian Development Bank and other stakeholders to achieve this historic milestone.
He further expressed the hope that all stakeholders will work as a team to complete the project within 42 months.
Secretary Ministry of Energy (Power Division), Yousuf Naseem Khokhar also appreciated the efforts of the teams from ADB, GHCL and JPCL to achieve the milestone of contract signing of this project. He further expressed the hope that this project will be a major milestone to achieve a good fuel mix for the country.