Mira Power Limited had been successful in securing the financing for Gulpur Hydropower Project and has entered into financing agreements with Asian Development Bank, CDC Group PLC, International Finance Corporation and Korea Export Import Bank on May 13th 2015. Other Agreements, as a part of finance documents were also executed simultaneously by and between Mira […]
Mira Power Limited executed AJ&K Implementation Agreement (AJ&K IA), Water Use Agreement (WUA) and Land Lease Agreements with GOAJK in a ceremony held in Regency Hotel, Mirpur AJ&K on March 16, 2015 which was witnessed by the Prime Minister of AJ&K (Chaudhary Abdul Majid), Ambassador of Republic of Korea, Dr. Song Jong-Hwan, the Senior Minister […]
A comprehensive physical model study of Gulpur Hydropower Project has been conducted at IRI Nandipur. All project structures including concrete Gravity Dam, Gated Spillway and Overflow Section, Energy Dissipation System, Power Intake and Tailrace Tunnels were constructed.
The IFC/World Bank Board has accorded approval for financing the 102 MW Gulpur Hydropower Project to be located at Poonch River, District Kotli, AJK. A high-level delegation of the IFC/World Bank here on Friday met the Finance Minister Ishaq Dar having in depth exchange of views on various WB sponsored development projects.
Finance Minister lauded the […]
KOSEP contributed PKR 1 Million to Gulpur Hydropower Project through Mira Power Limited to support its stakeholders engagement program and extends its support to flood victims of project area and AJ&K.
Of this amount, PKR 3 Lac was delivered to district administration Kotli as contribution in AJ&K fund for flood victims, PKR 3 Lac has been […]
A ceremony was held in the District Kotli on 23rd August, 2014 which was chaired by the Senior Minister and Acting Prime Minister Ch. YASEEN. It was organised by Deputy Commissioner Kotli and attended by the Minster for Environment, Community, Revenue Department and District Management.
The chair disbursed the cheques amongst the Affected Persons, welcomed foreign […]
GOAJK issued notification for grant of govt. land to Mira Power Limited for construction and development of Gulpur Hydropower project for a period of thirty five years soon after receipt of the advance payment of ten years lease from MiraPower Limited on July 21, 2014. The Secretary Board of Revenue received the payment and issued […]
MPL is committed to play a role in providing humanitarian assistance in times of crisis at local, regional and global scales. The internally displaced persons (IDPs) of North Waziristan, who left their houses due to the on-going military operations, consisting of women and children, needed help instantly. To show solidarity, the Company donated a contribution […]
Mira Power Limited advanced the process of acquisition of private land whereby it has executed Section 41 Agreement with GOAJK on 14th July 2014 as required under the Land Acquisition Act 1894. Mira Power has also made compensation payment to the GOAJK for land and structures of major areas required for the project constructions.
MPL has finalized the draft Power Purchase Agreement with NTDC and initial same in the office of General Manager (WPPO), NTDC on June 17, 2014 following several rounds of negotiations.
MPL will execute this Agreement following its diligence by the Lenders and approval of NEPRA.
