MPL meeting with M/s SAMAN Corporation Korea
MPL Management had a meeting with M/s Saman Corporation, Korea regarding the scope of services and related technical issues of Basic Design of Gulpur Hydropower Project.
March 2013
AJ&K Private Power Cell Visit to Project Site
The Director General Private Power Cell AJ&K along with three others representatives visited the Project Site on 26 March 2013. Mira Power Limited’s representatives briefed them regarding different structures of Project which include Project Intake, Weir Site, Reservoir and Power House Areas.
The Director General appreciated the Korean Investment and efforts of Mira Power Limited for […]
Pakistan’s first private hydropower IPP
Pakistan’s first private hydropower IPP established by Hub Power Company (Hubco) has commenced commercial operations.
An announcement here on Monday said that Pakistan and Azad Jammu and Kashmir (AJK) first private Independent Power Producer (IPP) Laraib Energy Limited- the 84 MW New Bong Hydropower Project, has commenced commercial operations. It said that the Hub Power Company […]
Kick off meeting with IDB
Kick off meeting with IDB for financing of Gulpur Hydro Power Project was held today in Mira Power Limited Office. Initially IDB has shown willingness to join hands with the consortium of other lenders in financing this Project, subject to their internal approval process.
Kick-start meeting with Legal Counsel (RIAA LAW)
Mira Power Limited has started working on draft Concession Agreements (GOPIA, AJ&KIA, PPA, WUA) and EPC Agreements. Mira Power Limited requesting PPIB for first draft of Concession Agreements to start with. Mira Power Limited expected to initial the draft Concession Agreements with PPIB before start of Lender Due Diligence process i.e. mid of May 2013.
2nd EPC Price Meeting
The Company has formally started the negotiations of EPC Contract with EPC Contract. For the purpose, 2nd EPC price negotiations meeting was held on 27th February, 2013 with EPC Contractor and targeting to execute the EPC Contract by end of June 2013. As a result, the company has requested EPC Contractor to start Basic Design […]
KEPCO’s visit to MPL
A high level delegation of Korea Electric Power Company (KEPCO) comprising of Mr. Lee Sun-min (Vice President Head of Overseas Project Development Department, KEPCO) and Mr. An, Chul Kyung (Senior Manager – Renewable Energy Team Overseas Project Development Department, KEPCO) was on visit to Pakistan. On 01.03.2013 the delegation visited Mira Power Limited. Mr. Kim […]
February 2013
Koreans offered to invest in power sector
ISLAMABAD: Minister for Water and Power Chaudhry Ahmed Mukhtar has offered Korean investors to invest in the hydro, coal and wind power projects as government was determined to cooperate and facilitate the investors in all respect.
Talking to investor’s delegation of Republic of South Korea on Thursday he welcomed the delegation, appreciated their interest to invest […]
PPIB has granted LOS extension to MPL for further one year
Private Power and Infrastructure Board has granted LOS extension to Mira Power Limited without doubling the bank guarantee for further one year
Recognizing the progress on the Project Development activities of Korean Consortium through hiring professional team like selection of EPC Contractor through bidding process, acquisition of land for Project, preparation of Environmental Impact Assessment Preparation […]
December 2012
Public Relationship with Korea: Korean Press
The Gulpur Hydro Power Project is an important business liaison between Pakistan and Korea. According to Yonhap News, Aju Economics, E-daily dated 4th January, 2013 press, they said that Gulpur Project is successfully transferred into Mira Power, which is held by Korean Consortium (KOSEP, Sambu, Lotte and STX) on 28th December, 2012. They also introduced […]
