Tag: power projects

KARACHI: Sindh Minister for Energy Imtiaz Ahmed Sheikh on Thursday appealed to Prime Minister Imran Khan to give permission to several projects of Sindh pending...

LAHORE: A delegation of Turkey’s Zorlu Enerji Group called on Punjab Chief Minister (CM) Muhammad Shehbaz Sharif on Thursday and discussed with him different matters...

by AHMAD AHMADANI Prime Minister Nawaz Sharif has sought quick response from the ministry of water and power over reported delay in the completion of...

    Board of Investment Chairman Dr Miftah Ismail said on Friday that 20,000 MW of electricity will be generated after completion of the various power...

    Minister for Water and Power Khawaja Asif on Tuesday assured the high powered Chinese delegation that all issues and bottlenecks impeding the energy projects...

  Punjab Chief Minister Shehbaz Sharif on Monday said that a lot of work had been done under the leadership of Prime Minister Nawaz Sharif...

The government’s plan to start working on two major hydroelectric power projects has been delayed. The Prime Minister (PM) Nawaz Sharif has shown disappointed...

Pakistan is looking into the possibility of procuring coal from Indonesia for its coal-fired power generation projects. A pre-bid conference was arranged in Indonesia's capital...

  Prime Minister Nawaz Sharif has directed to ensure completion of ongoing power projects within their stipulated deadlines. Chairing a meeting of the Cabinet Committee on...

  Minister of State for Water and Power Abid Sher Ali has said that the government has launched several coal, wind and solar power projects...

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.

Mushahid says CPEC will help develop Balochistan, KP and Gilgit-Baltistan with construction of Western route Committee expresses concern over imported coal instead of mining it...

  Sindh Land Scrutiny Committee has approved 15,089 acres of state land for the development of 21 wind and solar power projects with a capacity...

Punjab CM vows to secure foreign, local investors at every cost Lures foreign investment in agriculture, transport, infrastructure, housing, energy, mining and other sectors Punjab Chief...

  Federal Minister for Planing and Development Ashan Iqbal said on Thursday that Pakistan would generate an additional 11,000 MW of electricity by 2018 and...

A delegation of General Electric Company led by its Chief Executive Officer Steve Bolze met Punjab Chief Minister Muhammad Shehbaz Sharif on Tuesday to...

Adviser on Foreign Affairs Sartaj Aziz met the Foreign Minister of Kyrgyzstan Abdyldaev Erlan Bekeshovich on the sidelines of the 70th session of the...