Summary Technopromexport desires to invest in Muzaffargarh thermal power station and Pakistan Steel Mills.
ISLAMABAD (Online) - Technopromexport (TPE) Russia has desired to invest in conversion of coal of Muzaffargarh thermal power station, establishment of new 600 MW coal fired thermal power station and rehabilitation/ up-gradation of Pakistan Steal Mills.
Sergey Abutidze Deputy General Director for Development of technopromexport Russia called on Chairman BOI here on Thursday. He apprised the Chairman BOI that Technopromexport (TPE) is one of the largest, specializing in setting up electric power stations.
The TPE has undertaken projects in Pakistan that include installation of Units 1, 2 & 3 at the Muzaffargarh (660Mw) in 1993 – 95 and Guddu (220 Mw) Thermal Power Stations in 1981 with financial assistance of the former Soviet Union. He said that TPE are keen to undertake projects in Pakistan and able to provide complete turnkey solutions and can also assist customers in obtaining loans / financing for some projects.
He further said that in June 2010, a TPE team visited WAPDA and PEPCO where TPE was requested for assistance in the rehabilitation of the three Russian Units installed at MTPS (Muzaffargarh Thermal Power Station).
“Frame Work Cooperation Agreement” between JSC Technopromexport and GENCO Holding Company was agreed and successfully arranged funding for the MTPS project up to EUR 500 million for the rehabilitation and conversion of MTPS from Furnace Oil to Coal.
Chairman BOI offered the TPZ that the construction of new coal-fired unit 500-600MW with technical concept of 500MW coal fired unit can be considered as potential project.
While talking about the financial & technical assistance for rehabilitation / up-gradation of the Pakistan Steel Mills (PSM), he appreciated the role of Russian Government for assistance up to USD 500 Million along with the technical assistance for this purpose on a Government- to- Government basis.
He also discussed about the two phases regarding the production of PSM which are Rehabilitation/up-gradation up to 1.5 million tons / year and Phase-II: Up-gradation up to 3.00 million tons / year. Sergey Abutidze told that Russia will provide assistance of USD 1.00 billion for this project. This matter has received positive response and is presently under active consideration at the highest level on the Russian side.
