MUZAFFARABAD: The Azad Jammu and Kashmir (AJK) government aims to re-tender a Rs7 billion, 48MW Jagran-II hydropower project as the controversial award of the contract initiated the debate.
The board of directors of AJK Power Development Organisation (PDO) approved the re-tendering of the project located at the run of Jagran Nullah in the northeastern Neelum valley.
Giving a unanimous approval, the board, headed by minister in-charge Chaudhry Mohammad Yasin, directed the PDO to carry out the re-tendering process on a fast-track basis so that 68 million euro soft loan, pledged by the Agence Française de Développement (AFD), could be secured.
“The process should finish within six months in a transparent manner so that the contract is awarded to some reputed international firm for execution and completion of the vital project in time,” Mr Yasin said.
The contract of Jagran-II project was given to China International Water and Electric Corporation (CWE) in June last year for being a ‘responsive lowest bidder’. The other contender for the project was Sinohydro, also a Chinese company. The decision was taken by the board through a majority vote. The board was then headed by the AJK prime minister and comprised 10 members, including the minister in-charge of PDO, and minister for finance/planning and development.
Kerosene prices slashed by Rs48.29 per litre in Pakistan
ISLAMABAD: The federal government has reduced the price of kerosene oil following a series of cuts in petrol and diesel...
