Keeping in view of its enthusiastic expansion plans for construction of 220kV, 500kV and 765kV transmission lines, substations in near future, under financing of donor agencies as well as NTDC’s own resources, National Transmission and Dispatch Company (NTDC) organized a seminar for all contractors, suppliers and manufacturers on 2nd February at a local hotel in Lahore. Leading contractors, suppliers and manufacturer participated in the event.
NTDC is also developing HVDC transmission projects for bulk power transfers from South to North of the country.
With regard to stringent timelines of the projects, some modifications in line with international practices have been proposed in the future bidding documents. In this context, a seminar was organized for all contractors, suppliers and manufacturers at a local hotel on 2nd of February.
NTDC has already solicited debt arrangement from various financial institutions for an amount of Rs18 billion along with Letter of Credit Facility of over Rs15 billion for building transmission network. The consortium of Askari Bank Ltd, Faysal Bank Ltd and Dubai Islamic Bank Pakistan Ltd won the mandate in December 2015 after a competitive bidding process.
The transaction is a combination of Islamic and conventional mode of financing wherein Rs6.5 billion has been arranged in the conventional mode and Rs11.5 billion has been arranged in the Sharia compliant mode.
These transactions have a door to door tenor of 15 years.
