Chinese company offers bid for CASA transmission project
ISLAMABAD: Pakistan has received a single bid from Chinese company Tebian Electric Apparatus (TBEA) that is interested in laying a power transmission line as part of the Central Asia-South Asia (Casa) 1,000 electricity supply project, say officials.
The transmission line is estimated to be spread over 750 km, 16% of which will pass through Tajikistan, 75% through Afghanistan and 9% through Pakistan.
TBEA has also participated in the bidding process initiated for setting up two converter stations in Pakistan and Tajikistan for electricity transmission under the Casa-1,000 project. It is currently being evaluated and later financial bids will be invited.
For this project, the Islamic Development Bank will provide financial assistance. The bank has agreed to extend $35 million initially, but later it will provide the required financing. The World Bank has pledged some financing for the converter station in Pakistan and will also provide more funds required for the project.
TBEA manufactures power transformers and other electrical equipment as well as develops transmission projects.
Source: The Express Tribune