Tag: Nepra

The National Electric Power Regulatory Authority (NEPRA) is likely to raise the issue of burdening electricity consumers with an enormous Rs 300 million per...

The National Electric Power Regularity Authority (NEPRA) has allowed Quaid-e-Azam Thermal Power (Private) Limited (QATPL) to charge the Central Power Purchasing Agency Guarantee Limited,...

The National Electric Power Regulatory Authority (NEPRA) has decided to withdraw its upfront tariff for LNG based power plants announced on April 3, 2015 after analysing the engineering, procurement and construction contracts of the LNG based power projects undertaken in Punjab by the federal and provincial government. The available information has revealed that the three LNG power projects in Punjab have different capacities with different engineering procurement and construction (EPC) and Long Term Service Agreement (LTSA) costs. Additionally, all three projects have been guaranteed different thermal efficiencies ranging from 61.59 per cent to 62.45 per cent. The analysis clearly indicates that the evidence provided by the Pakistan Private Power and Infrastructure Board (PPIB) and the underlying assumptions on which upfront tariff was determined has materially changed which renders the existing upfront tariff redundant. Therefore NEPRA has decided to withdraw its upfront tariff determination and intimated to the federal government for notification in the official gazette. NEPRA had approved upfront tariff for LNG power plants envisaging minimum procedural processes to save time in determining tariff and reviewing it to facilitate the investors in carrying out their due diligence regarding financial viability and acceptability of the tariff. However, the upfront tariff was subject to review at the time of the commercial operation on the basis of foreign exchange rate, customs duties and other charges and insurance cost to a maximum of seven per cent. The tariff promises 15 per cent internal rate of return (IRR) on equity to investors. The regulator had set an upfront tariff of Rs 11.2 per unit (kWh) for first 10 years for locally funded 225 MW projects and Rs 9.4 per unit for next 20 years, with a 30-year levelised tariff of Rs 10.55 per unit. For the same capacity project with foreign financing, the first 10-year tariff was set at Rs 10.6 per unit and Rs 9.377 per unit for the next 20 years, levelising at Rs 10.2 per unit over 30 years. NEPRA had assumed LNG price at $12 per million British thermal units (mmbtu) while calculating the upfront tariff. An official source said the National Power Parks Management Company Limited, wholly owned by the federal government, and the Quaid-e-Azam Thermal Power Limited, wholly owned by the Punjab government were reluctant to share the details with NEPRA. They submitted details after a lapse of four months from the date of conducting the competitive bidding. The QATPPL provided the information regarding EPC contract, LTSA, request for proposal and technical and financial bids, whereas the NPPMCPL provided information regarding EPC contract, LTSA, and technical and financial bids. However, the detailed bid evaluation reports as directed by NEPRA have yet to be received.

CM visits Sahiwal Coal Power Plant, says nowhere else in the world are projects this big completed in time so little Says government working round...

NEPRA approves Rs 3.83 per unit cut in electricity prices Electricity being produced at twice the cost through the use of inefficient power plants It was...

  The National Electric Power Regulatory Authority (NEPRA) on Monday imposed a fine for the first time of Rs 1 million on the Central Power...

  The Ministry of Water and Power’s lethargy in granting approval for restarting the Southern Electric Power Company (SEPCOL) plant has resulted in turning down...

NEPRA proposes increases in fines for those found in violation of NEPRA rules; Seeks indemnity for itself against prosecution on ‘decisions made in good...

  The National Electric Power Regulatory Authority (NEPRA) has developed the draft Wheeling of Electric Power Regulations, 2015, applicable for wheeling services for provision of...

The National Electric Power Regulatory Authority (NEPRA) on Tuesday approved Rs 2.19 per unit reduction in electricity tariff for the month of June and...

The National Electric Power Regulatory Authority (NEPRA) fact finding committee has revealed that K-Electric utilised its generation resources optimally during the recent power crisis, adding that its transmission and distribution system could not sustain 2500 to 2700 mega watts (MWs) of electricity injected to it, resulting in tripping and system breakdown, said a press release issued on Monday.

NEPRA imposes a surcharge of up to Rs 4 per unit on power consumers

A spokesperson for National Electric Power Regulatory Authority (NEPRA) has contradicted the news items which appeared in a section of press on February 24, enunciating continuance of power outages across the country by 2020.

ISLAMABAD: Loadshedding is unlikely to end by the year 2020, the State of Industry report released by the National Electric Power Regulatory Authority (NEPRA) revealed...

Withdrawal of power subsidies is one of the key themes of the IMF package, said the report.

National Electric Power Regulatory Authority (NEPRA) has approved curtailment of power tariff by eight paisas per unit under fuel adjustment surcharge. The petition from Central...

The National Electric Power Regulatory Authority (NEPRA) has announced a decrease in power tariffs for consumers across Pakistan with the exception of K-Electric consumers...