The government of Pakistan is currently evaluating the bids it received for developing, financing and constructing a 100 MW hydropower project.
The Ministry of Water and Power says that three proposals were received for the Kotli hydropower plant project which is located on the Poonch River, Azad Jammu and Kashmir.
The Kotli plant is a key part of Pakistan's IPP programme, which aims to boost power generation capacity. The three firms bidding for the $170 million project are CWE Investment Corporation of China, Thailand's Ratchaburi Electricity Generating Holding and Sachal Engineering Works of Pakistan.
Pakistan's Private Power and Infrastructure Board (PPIB) said that the proposals would be evaluated in the shortest possible time based on technical and financial credentials of the applicants. Prequalified applicants would be issued Request for Proposals (RFP) documents for preparing their bids for the next stage, it said.
Kotli will be developed on a build, own operate and transfer (BOOT) basis.