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News Brief | August 2013

Punj Lloyd Signs a Deal With Rwanda for 100 MW Power Project

Infrastructure firm Punj Lloyd has signed a pact with the Rwanda government to construct and operate 100 MW power plant from peat-a coal-like fossil fuel-with an estimated cost of over Rs 1,000 crore, a senior company official said. As per the agreement signed last week, Punj Lloyd will construct, finance, maintain and operate a 100 MW power plant in North Akanyaru of Eastern Province of Rwanda and the construction period is 42 months after securing finances for the project. Luv Chhabra, Director -รป Corporate Affairs, Punj Lloyd, said that the company has just signed a memorandum of agreement (MoA) for a 100 MW peat-based power project in Rwanda in Africa. Now the firm has to submit the feasibility report, then the PPA (power purchase agreement) and the concession agreement for peat will be signed. When asked about the project cost, he said that it will be decided after the detailed feasibility report is prepared and would include certain other factors including financing cost during the construction period.
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