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| POWER |
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Vol. VIII Issue. 44
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Pakistan agrees 'in principle' to import power from India
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17 April 2012
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April 14, 2012. The Pakistan government has decided in-principle to import up to 500 MW electricity from India, with the World Bank agreeing to fund the construction of infrastructure needed for trade in energy between the two countries. Water and power minister Syed Naveed Qamar said Pakistan has made an "in-principle" decision to import electricity from India to meet its growing energy requirements. He made the remarks during a meeting with a delegation from Indian firm Global Energy that was led by Harry Dhaul, who is the founder and director general of the Independent Power Producers Association of India (IPPAI). The country may initially import up to 500 MW from India, he said. During the meeting, it was agreed that Pakistan and India will build a 45-km 220 kilovolt transmission line within six months following the signing of a formal agreement. The agreement will be valid for five years, after which it can be extended for another five years or more. Qamar has directed the power ministry, national transmission and despatch system and the Central Power Purchase Agency to finalize terms and conditions and to submit an initial report to him. The World Bank has agreed to fund the infrastructure needed for trade in electricity between India and Pakistan. The World Bank will provide $300-400 million to install a 220 kilovolt transmission line between the two countries within six months once an agreement is reached.
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