The Sindh government has signed Rs30.1 billion or $190 million a 25-year Concession Agreement with EnerTech Holding, a Kuwait state owned Company, for provision of 45 cusecs water through a 61-kilometer pipeline from Nabisar to Vajihar.
The signing ceremony was attended by Council General of Kuwait Salim Yusif Al-Hamdan, CEO EnerTech water Yasser Malik, COO Usman Ahsan, MD Pak-Kuwait Investment Company.
From, Sindh government Minister Energy Imtiaz Shaikh, Minister Irrigation Sohail Anwar Siyal, Minister Local Government Nasir Shah.
Deputy Under Secretary of Foreign Affairs of Kuwait Abdullah Al-Turki, Ambassador of Kuwait Nasar Abdul Rahman J Al-Mutairi, Pakistan’s Ambassador to Kuwait Syed SajjadHaider and CEO EnerTech Holding Company Kuwait Abdullah Al-Mutairi witnessed the signing ceremony through video link.
The EnerTech Holding Company signed a MOU with the Sindh government and was awarded the Letter of Interest (LoI) to develop the Nabisar-Vajihar water supply project for water supply to Thar power projects which is a strategic project for Pakistan.
The project will ensure the supply of industrial water for coal-based power sector and it is important for the development of power infrastructure project, the chief minister said and added that the project was envisaged to be completed on fast-track basis and Enertech has developed the project to date in a record time and would be completed within 12 months of financial close.
CEO of EnerTech Yasser Malik told the chief minister that the financial close was expected in July 2021 and the construction would be started in the same month-July also.
On behalf of the Sindh Government, Secretary Irrigation SaleemKhuhro and CEO EnerTech Water Company Yasser Malik signed the concession agreement.
EnerTech Holding Company is a fully owned subsidiary of National Technology Enterprises Company (NTEC), which in turn is a fully owned subsidiary of the Kuwait Investment Authority (KIA), the Sovereign Wealth Fund of the State of Kuwait.
The 25-year concession agreement relates to the processing and supply of 45 Cusecs water from Nabisar, through a 61 kilometer pipeline to Vajihar.
The project will also encompass the construction of reservoirs at Nabisar and Vajihar to ensure storage of water for a cumulative period of 175 days.