The government has decided to award 16 MW Naltar power project to Heavy Mechanical Complex (HMC), Texila. This was disclosed by the Minister for Industries and Production, Mir Hazar Khan Bijarani at a meeting of HMC's Board of Directors. The meeting was held here on Friday in the Committee room of the Ministry of Industries and Production.
The meeting was presided over by Bijarani. The audited accounts for 2009-10 were presented and duly approved by the Board. As per audited accounts the company achieved highest ever sale of Rs 1983 million and made gross profit of Rs 202 million and net profit of Rs 3.1 million.The Board was informed that the Government has decided to award a contract to HMC on turn key basis for a 16MW Naltar hydro power project. The project will be executed by HMC as a model project to develop expertise of indigenous manufacturing of hydropower projects in the country.
It may be relevant to mention here that Pakistan has a potential of 50,000 MW hydropower generations but due to lack of local experience this potential is untapped and the country is facing serious energy crisis. The Minister while appreciating the bold decision taken by the present government hoped that this decision will go a long way in creating local capability for production of power generation machinery and execution of complete projects on the turn key basis.
The Board was informed that PC-I's for establishment of design institute for energy sector and establishment of turbine and power plant equipment manufacturing facility at HMC Taxila were in the Planning Commission. The proposals have been cleared by pre-CDWP and will now be presented to CDWP in its next meeting.