Procurement of Insurance Terms for 330 MW Coal Based Operational Power Plant at Thar

Thar Energy Limited (TEL) invites bids for the procurement of insurance terms from international insurance companies through international brokers for its 330 MW coal based operational power plant located at Thar, Sindh. The scope includes coverage for All Risk including Business Interruption and Machinery Breakdown, Comprehensive General Liability Insurance, and Political Violence. Items being procured: - All Risk including Business Interruption and Machinery Breakdown - Comprehensive General Liability Insurance - Political Violence The technical scope requires bidders to be international insurance brokers or their affiliates registered in Pakistan, with evidence of affiliation and broking license mandatory. At least 95% of the sum insured must be placed with international reinsurers rated 'A-' or better by Standard & Poor (S&P) or AM Best. Bidders must rank among the top ten by AM Best and are not allowed to form any consortium with other brokers. Compliance with all specified formats in the tender document is mandatory. Key dates include RFP acquisition from TEL offices from August 17 to August 21, 2026, between 10am to 5pm. The response to RFP submission deadline is August 27, 2026, at 5:00 pm Pakistan time, by hand or email. Bid opening by TEL will be on August 28, 2026, at 11 am Pakistan time. Bids should be submitted only to the specified email address: corporateaudit@hubpower.com. The contact persons for clarifications are Ms. Fatima Maryam, Mr. Arsal Irshad, and Mr. Waqar Hussain reachable via emails fatima@hubpower.com, arsal.irshad@hubpower.com, and waqar.hussain@hubpower.com or phone +92 21 3587 4677-86. The office address is 9th Floor, Ocean Tower, G-3, Block-9, Main Clifton Road, Karachi. A practical tip for bidders is to ensure all required documentation proving international affiliation and broking licenses are complete and submitted timely, as non-compliance will disqualify the bid. Early acquisition of the RFP documents within the specified dates is recommended to allow sufficient time for preparation.