A.Rafay
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* Turkish rental power plant ship was supposed to supply 230MW but instead consumed electricity from KESC
KARACHI: The Transparency International (TI) said the Turkish rental power plant ship Karkey would not leave Pakistan shores without paying back $80 million.
Instead of supplying Karachi with 230 megawatts (MW) electricity it consumed electricity from the Karachi Electric Supply Company (KESC) and produced 30 MW in the national grid.
According to the Supreme Court (SC), Karkey would not leave without paying back around $170 million to Pakistan authorities. The National Accountability Bureau (NAB) on the directives of the SC has not allowed the ship to shift its plants from the Karachi Port back to Turkey.
However, it is reported that within a weeks time, money would be refunded, as two storage tanks and a small power plant has been shifted to Port Qasim from Ibrahim Haideri Harbour.
The connection of the ship has also been cut off from national grid system, sources in Port Qasim Authority (PQA) reported.
The sources in the Ministry of Water and Power said around $20 million would likely be returned within two weeks time, before the ship leaves Pakistan shores.
The power plant rental ship aimed to provide over 230 MW electricity to the national grid was finally all set to move from the country after around two years, making huge losses for Pakistan.
The power generating ship came as part of an agreement signed two years ago between Pakistan and a private company of Turkey-Karkey Karadeniz Electrik Uretim. The barge-mounted Turkish rental power plant, lying idle for months after the SC decision against rental power projects, was likely to go back to Turkey as the NAB had finalised issues related to rental plants.
The plant was expected to improve power supply to Karachi, which was denied by the KESC spokesman. It never supplied power to KESC.
At the current rupee-dollar exchange rate the price comes to Rs 17.66 per unit against current average price of Rs 10.37 per unit. The PQA had taken action against the firm on April 5, 2012, after the SC verdict called for the dissolution of all rental power projects.
The KESC, which was earlier supplying power to the ship to meet its maintenance needs, had also stopped the supply after the SCs verdict.
Before the SCs verdict, the government as per power purchase agreement was paying $9 million per month as rental charges to the Karkey power plant that earlier was producing 30 MW electricity against the 230 MW committed in the agreement.
The ship carrying worlds biggest rental power plant with a 250 MW power generation capacity arrived in Karachi in November 2010.
As per Rental Service Agreements, the Pakistan Electric Power Company could get the performance guarantees as commissioning plant got delayed.
Private Power Infrastructure Board (PPIB) recruited the plant with 93 percent availability for the next five years in the beginning of 2009.
Raja Rental
Daily Times - Leading News Resource of Pakistan
KARACHI: The Transparency International (TI) said the Turkish rental power plant ship Karkey would not leave Pakistan shores without paying back $80 million.
Instead of supplying Karachi with 230 megawatts (MW) electricity it consumed electricity from the Karachi Electric Supply Company (KESC) and produced 30 MW in the national grid.
According to the Supreme Court (SC), Karkey would not leave without paying back around $170 million to Pakistan authorities. The National Accountability Bureau (NAB) on the directives of the SC has not allowed the ship to shift its plants from the Karachi Port back to Turkey.
However, it is reported that within a weeks time, money would be refunded, as two storage tanks and a small power plant has been shifted to Port Qasim from Ibrahim Haideri Harbour.
The connection of the ship has also been cut off from national grid system, sources in Port Qasim Authority (PQA) reported.
The sources in the Ministry of Water and Power said around $20 million would likely be returned within two weeks time, before the ship leaves Pakistan shores.
The power plant rental ship aimed to provide over 230 MW electricity to the national grid was finally all set to move from the country after around two years, making huge losses for Pakistan.
The power generating ship came as part of an agreement signed two years ago between Pakistan and a private company of Turkey-Karkey Karadeniz Electrik Uretim. The barge-mounted Turkish rental power plant, lying idle for months after the SC decision against rental power projects, was likely to go back to Turkey as the NAB had finalised issues related to rental plants.
The plant was expected to improve power supply to Karachi, which was denied by the KESC spokesman. It never supplied power to KESC.
At the current rupee-dollar exchange rate the price comes to Rs 17.66 per unit against current average price of Rs 10.37 per unit. The PQA had taken action against the firm on April 5, 2012, after the SC verdict called for the dissolution of all rental power projects.
The KESC, which was earlier supplying power to the ship to meet its maintenance needs, had also stopped the supply after the SCs verdict.
Before the SCs verdict, the government as per power purchase agreement was paying $9 million per month as rental charges to the Karkey power plant that earlier was producing 30 MW electricity against the 230 MW committed in the agreement.
The ship carrying worlds biggest rental power plant with a 250 MW power generation capacity arrived in Karachi in November 2010.
As per Rental Service Agreements, the Pakistan Electric Power Company could get the performance guarantees as commissioning plant got delayed.
Private Power Infrastructure Board (PPIB) recruited the plant with 93 percent availability for the next five years in the beginning of 2009.
Raja RentalDaily Times - Leading News Resource of Pakistan
