LAHORE, Feb 7: The Water and Power Development Authority on Wednesday signed an agreement with an Iranian company for purchase of 100mw of electricity for Gwadar.

Anwar Khalid, member (power), Wapda, and Mohammad Shabbir Chaudhry, chief executive officer of the National Transmission and Dispatch Company (NTDC), and Mohseni Kabir of Messrs TAVANIR signed the agreement on behalf of the Wapda-NTDC and the Iranian company, respectively.

The import of power will be through a 170km 220kv double circuit transmission line between the Polan sub-station in Iran and the Gwadar sub-station.

Pakistan will build 100km of the transmission line and Iran the remaining 70km.

The project will cost $86 million, $26 million of which will be borne by Messrs TAVANIR and the NTDC will bear the rest $60 million cost.