Engro Powergen Thar Announces International Open Tender for Power Plant Insurance (2025)
Engro Powergen Thar (Private) Limited (EPTL) has launched an international open tender for operational phase insurance of its 2x330MW coal-based power plant in Thar Block-II, Sindh. This critical infrastructure project, part of the China-Pakistan Economic Corridor (CPEC), represents Pakistan’s first indigenous coal-powered energy initiative.
Key Tender Details
- Project: 2x330MW Thar Coal Power Plant (Operational since July 2019)
- Tender No.: EPTL-0001
- Submission Deadline: April 16, 2025 (17:00 PKT)
- Bid Opening: April 17, 2025 (11:00 PKT)
Scope of Insurance Coverage
EPTL seeks comprehensive insurance programs covering:
Industrial All Risk Insurance (Including Machinery Breakdown & Business Interruption)
Political Violence Insurance
Comprehensive General Liability Insurance
Eligibility Criteria for Bidders
Bidders must meet strict financial and operational qualifications:
Entity Type: Non-life insurance company or licensed broker.
Credit Rating: Minimum A- (2024) by PACRA/JCR-VIS (local) or Top 20 AM Best ranking (international).
Premium Income: ≥ USD 30 million in 2024 (company or parent firm).
Reinsurance Requirement: 92% coverage by reinsurers with:
- AM Best “A-” or S&P “A-” or Moody’s “A3” ratings.
- Financial size category “IX” or higher.
Consortium bids are NOT accepted.
How to Participate?
Document Acquisition (March 25–28, 2025):
- Submit pre-qualification documents via email for review.
- Approved bidders receive tender documents by April 3, 2025.
Bid Submission:
- Send physical bids to:
Mr. Ali Tamesen (Deputy Manager – Audit)
The Harbor Front Building, 16th Floor, Karachi. - Email queries to: akbinati@engro.com / anosh.khan@secmo.com.pk.
Why This Matters?
- Strategic Asset: The plant is pivotal for Pakistan’s energy security under CPEC.
- High-Stakes Coverage: Insurance safeguards against operational risks, political instability, and liability claims.
- Global Participation: Open to international insurers, reflecting the project’s scale.
Critical Deadlines
March 28, 2025: Pre-qualification document submission.
April 16, 2025: Final bid submission.
April 17, 2025: Bid opening.
Contact:
(+92) 301 8265 996 | 📧 akbinati@engro.com
For insurers meeting the criteria, this tender offers a high-profile opportunity in Pakistan’s energy sector. Act now to secure bidding documents!
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