MPL – Gulpur Hydroelectric Power Plant 102 MW – Azad Jammu & Kashmir - Project Profile

Synopsis


"MPL Gulpur Hydroelectric Power Plant 102 MW Azad Jammu & Kashmir - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "MPL Gulpur Hydroelectric Power Plant 102 MW Azad Jammu & Kashmir - Project Profile" is part of Timetrics database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary


Mira Power Ltd (MPL) is undertaking the construction of hydroelectric power plant on the Poonch River at Gulpur, Azad Kashmir, Azad Jammu & Kashmir, Pakistan.

The project involves the construction of a hydroelectric power plant with the capacity of 102MW.

The project includes the construction of a powerhouse, substations, a headrace tunnel, a tailrace tunnel and related infrastructure, the installation of turbines, generators and transformers, and the laying of transmission lines.

On July 8, 2011, the Pakistans Board of Private Power and Infrastructure Board issued a Letter of Support (LoS) to the developer upon submission of the Performance Guarantee (PG). The LoS is issued for 15-18 months for the achievement of financial close within this limit.

In June 2012, MPL was appointed as a developer and a consortium of NESPAK Ltd and Associate Consultant Engineers (ACE) as Project Manager Consultants (PMC).

MPL is operating subsidiary of Korea South-East Power Co. Ltd (KOSEP). It will operate the project on the basis of Build, Own, Operate and Transfer (BOOT) contract basis for a period of 30 years.

In September 2013, Private Power and Infrastructure Board (PPIB) and MPL executed the Government of Pakistan Implementation Agreement (GOPIA) for the construction of 102MW Gulpur Hydropower project; the agreement will pave a way to achieve of financial close and subsequently to start construction and operation of the project.

In September 2014, MWH Global was appointed as the engineer.

On May 13, 2015, MPL signed financing agreements with Asian Development Bank, CDC Group, International Finance Corporation and Export-Import Bank of Korea.

MPL also signed financial agreements with Law Debenture Trust as a Security Trustee, London B N Y Mellon as Offshore Account Bank and HBL Pakistan as Onshore Account Bank and Intercreditor Agent.

In August 2015, MPL signed EPC contract with a joint venture of Daelim Industrial and Lotte E&C.

In September 2015, the project secured financing for the project. An agreement was signed by Private Power and Infrastructure Board (an organization of Pakistans Ministry of Water & Power) and the lenders including Asian Development Bank, International Finance Corporation, and Korean Export-Import Bank.

On October 15, 2015, official groundbreaking ceremony held.

In February 2016, Andritz Hydro awarded a US$72 million supply contract for the project. According to the contract, Andritz Hydro will supply electromechanical equipment, hydraulic steel structures, penstocks and control systems for the project.

As of August 2017, 40% of construction works completed on the project.

Construction activities are underway.

Scope


The project involves the construction of a hydroelectric power plant with a capacity of 102MW on the Poonch River at Gulpur village, Azad Kashmir, Azad Jammu & Kashmir, Pakistan.

The US$366 million project includes the following:

1. Construction of power station

2. Construction of sub-station

3. Construction of related facilities

4. Installation of turbines

5. Installation of generators

6. Installation of transformers

7. Laying of transmission lines

Reasons To Buy


Gain insight into the project.

Monitor the latest project developments.

Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix


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