AGL 40.01 Decreased By ▼ -0.02 (-0.05%)
AIRLINK 128.34 Increased By ▲ 0.64 (0.5%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.53 Decreased By ▼ -0.07 (-1.52%)
DCL 9.24 Increased By ▲ 0.45 (5.12%)
DFML 41.58 No Change ▼ 0.00 (0%)
DGKC 87.06 Increased By ▲ 1.27 (1.48%)
FCCL 32.60 Increased By ▲ 0.11 (0.34%)
FFBL 64.50 Increased By ▲ 0.47 (0.73%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 111.75 Increased By ▲ 0.98 (0.88%)
HUMNL 14.84 Decreased By ▼ -0.23 (-1.53%)
KEL 5.05 Increased By ▲ 0.17 (3.48%)
KOSM 7.38 Decreased By ▼ -0.07 (-0.94%)
MLCF 40.86 Increased By ▲ 0.34 (0.84%)
NBP 61.40 Increased By ▲ 0.35 (0.57%)
OGDC 195.55 Increased By ▲ 0.68 (0.35%)
PAEL 27.55 Increased By ▲ 0.04 (0.15%)
PIBTL 7.69 Decreased By ▼ -0.12 (-1.54%)
PPL 153.30 Increased By ▲ 0.77 (0.5%)
PRL 26.75 Increased By ▲ 0.17 (0.64%)
PTC 16.20 Decreased By ▼ -0.06 (-0.37%)
SEARL 83.51 Decreased By ▼ -0.63 (-0.75%)
TELE 7.86 Decreased By ▼ -0.10 (-1.26%)
TOMCL 36.48 Decreased By ▼ -0.12 (-0.33%)
TPLP 8.95 Increased By ▲ 0.29 (3.35%)
TREET 17.00 Decreased By ▼ -0.66 (-3.74%)
TRG 59.15 Increased By ▲ 0.53 (0.9%)
UNITY 27.51 Increased By ▲ 0.65 (2.42%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,960 Increased By 768 (0.82%)
KSE30 29,500 Increased By 298.4 (1.02%)

The government has issued Letters of Interest (LoIs) for eight hydro power projects of 1804 MW capacity to different local and international companies, including China International Water and Electric Corporation (CIWEC), which has been denied one project without giving reasons.
A document made available to Business Recorder said that PPIB has issued LoIs for 458 MW Karrang Hydropower project to Middle East Developers (MED); 148 MW Madian Hydropower project to Cherat Cement Company; 140 MW Patrind Hydropower project to Emirates Trading Agency (UAE); 245 MW Mahl Hydropower project to CIWEC; 655 MW Suki Kinari Hydropower project to SK Hydro Consortium; 115 MW Sharmai Hydropower project to Global Resource Consultant Group; and 53 MW Harighal Hydropower project to Descon Engineering Limited, which is already under strict scrutiny by Senate Standing Committee.
According to the document, 48 companies were registered for these projects and 42 of them purchased Pre-Qualification Documents (PQDs). The last date of submission was June 30, 2005. Twenty potential sponsors submitted their detailed proposals along with Statement of Qualifications (SoQs).
For evaluating the proposals, a committee was formulated by PPIB, comprising officials of PPIB, Wapda, respective province and AJK.
An independent consultant, Avais Hyder Numan Rizwani (AHNR), was also appointed for evaluation of SoQs for transparent award of these projects to the best possible applicants in accordance with the pre-qualification and ranking criteria formulated in the light of Power Policy 2002.
AHNR evaluated the proposals and, based on its preliminary evaluation, the applicants were requested on August 4, 2005 to provide missing information/clarifications up to August 20, 2005 in order to evaluate their SoQs.
After receipt of missing information/clarifications, AHNR completed the evaluation process and submitted evaluation report on September 12, 2005 to the PPIB. This was reviewed by PPIB's Evaluation Committee on September 13, 2005.
PPIB's evaluation committee deliberated upon the evaluation reports submitted by the AHNR consultants and unanimously suggested that the projects may be awarded as per the recommendations as mentioned earlier.
The committee, however, observed that CWE was the highest ranked for Mahl Hydropower project as per consultant's evaluation. As a whole, CWE submitted proposals for three out of seven raw sites, but the committee award it only one project, in accordance with the regulations.
CWE also showed interest in 148 MW Madian power project, but the committee recommended that LLC, which is a well known company of the UAE which showed its interest for taking up the same project very early even before the advertisement of the seven raw sites for soliciting proposals, the document said.
It is interesting to note that CWE was ranked number one by the consultants but the project was awarded to the UAE company, just saying "as a whole CWE submitted their proposals for three out of seven advertised raw hydel sites" under the following clause of the Pre-qualification Document.

Copyright Business Recorder, 2005

Comments

Comments are closed.