$6.87bn Power Projects Selected for Sell-off under SIFC

September 8, 2023

The Special Investment Facilitation Council (SIFC) has earmarked nine power sector projects with an estimated value of $6.870 billion, to be offered to Foreign investors on a Government-to-Government (G2G) basis. These projects are as follows:

A 1320 MW power project located at Thar coal block-II in Sindh, with an estimated cost of $1.2 billion. Technical studies are already available, and the feasibility study will be conducted by the project sponsors.

A 1200 MW solar PV project in Layyah, Punjab, with an estimated cost of $800 million. Amendments to the Framework Guidelines for Solar initiatives have been approved, and negotiations for G2G development will commence after Price Discovery. The feasibility study will be carried out by the sponsors.

A 600 MW solar PV project in Jhang, Punjab, with an estimated cost of $400 million. The feasibility study will be conducted by the sponsors.

A 132 MW Hydropower project named Rajdhani, with an estimated cost of $300 million. A fresh feasibility study will be carried out by the project sponsors.

A 500 kV Transmission Line from Ghazi Barotha to Faisalabad, with an estimated cost of $400 million. Load flow analysis and route alignment are underway and expected to be completed in 90 days.

A 500 kV transmission line from Matiari to Rahim Yar Khan, with an estimated cost of $570 million. Load flow analysis and route alignment are also in progress, with an expected completion time of 90 days.

2000 MVAR five reactive power compensation devices, with an estimated cost of $350 million. Required amendments in the Transmission Line policy to include Ancillary Services have been approved. Studies conducted by M/S CESI (Italy) for Reactive Power Optimization Plan will be completed in October 2023. Feasibility study expected to conclude by the end of October.

1000 MWh battery storage for frequency regulation, with an estimated cost of $300 million. Required amendments in the Transmission Line policy to include Ancillary Services have been approved. The feasibility study is being conducted by NTDC and is expected to be completed in 2-3 months, with a conclusion by the end of October.

A 4500 MW Diamer-Bhasha Dam (HPP) project, with an estimated cost of $2.550 billion. WAPDA has engaged a consultant to propose workable Equity: Debt participation options for foreign investors, along with a Transaction Structure for the Diamer Bhasha Dam Project (DBDP).