Energy Projects...Updates
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ghazi52
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K-Electric inks 50MW solar power purchase agreement
K-Electric (KE) and Oursun Pakistan have signed a 25-year Energy Purchase Agreement (EPA).
Oursun provides business-to-business alternative energy solutions in Pakistan.
The 50 megawatt (MW) solar power project is expected to commence commercial operations by the first quarter of 2018. The project is being developed in Gharo, Thatta and is spread over an area of 144 acres.
A KE spokesperson in a statement claimed that the project underlines KE's vision to add environment-friendly and cost-effective means of power generation to its energy mix.
Solar power generation is environment-friendly and will be a good mix to the overall power generation capacity of KE, an Oursun spokesperson said.
"The project is being established to exclusively provide renewable energy to KE consumers,” he added.
K-Electric (KE) and Oursun Pakistan have signed a 25-year Energy Purchase Agreement (EPA).
Oursun provides business-to-business alternative energy solutions in Pakistan.
The 50 megawatt (MW) solar power project is expected to commence commercial operations by the first quarter of 2018. The project is being developed in Gharo, Thatta and is spread over an area of 144 acres.
A KE spokesperson in a statement claimed that the project underlines KE's vision to add environment-friendly and cost-effective means of power generation to its energy mix.
Solar power generation is environment-friendly and will be a good mix to the overall power generation capacity of KE, an Oursun spokesperson said.
"The project is being established to exclusively provide renewable energy to KE consumers,” he added.
ghazi52
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Thar coal power plant to start operating by 2018
ISLAMABAD - Work on 1320 megawatts coal based power plant costing two point six billion dollars is underway at Thar Coal Field which will start producing electricity by 2018. According to Radio Pakistan quoting official sources said that projects is being carried out under Pak-China Economic Corridor. The sources said electricity produces through indigenous coal is cheap therefore tapping it with full of its capacity is being prioritized.
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Wapda finalises main contracts for Dasu Hydropower Project
Islamabad - Water and Power Development Authority (WAPDA) has finalised the main contracts for the civil works of Dasu Hydropower Project and the construction on main works of the 2160 MW Stage-I of the Project will commence very soon.
Subsequent to the signing of the agreements, construction of main works of the 2160 MW Stage-I of Dasu Hydropower Project will commence very soon, said WAPDA Chairman Lt Gen Muzammil Hussain (r) during his visit to the hydropower projects namely Dasu, Keyal Khwar, Khan Khwar, Allai Khwar and Duber Khwar on Monday.
A press statement issued here stated that in a bid to capitalise on hydropower resource to add low-cost electricity to the National Grid as per the federal government’s resolve, Water and Power Development Authority (WAPDA) has finalised the main contracts of the civil works of Dasu Hydropower Project.
Likewise, the contractor for civil works of the 128 MW-Keyal Khawar Hydropower Project has also started bringing machinery to the site to carry out construction activities.
During the visit to the site of Dasu Hydropower Project, the chairman expressed satisfaction that work on the already-awarded three contracts to develop infrastructure for the projects had initiated, which included relocation of Karakoram Highway in the project area worth Rs14.538 billion, construction of right bank access road worth Rs2.713 billion and construction of 132 Kilovolt (KV) transmission line from Duber Khwar Hydel Power Station to Dasu worth Rs1.583 billion.
He asked the project management to complete these works within the stipulated time.
He also gave directions to effectively engage the locals, and the district as well as the provincial administration to expedite the process of remaining land acquisition for the project.
The chairman emphasised that socio-economic uplift of the people in Dasu was a priority with WAPDA; wherein medical facility, educational institutions and improvement of road network would also remain under the spotlight.
During his visit to the three hydel power stations - Khan, Allai and Duber Khwar – the chairman was briefed that these stations had contributed 4.861 billion units of electricity to the National Grid sine their commercial operation began.
ISLAMABAD - Work on 1320 megawatts coal based power plant costing two point six billion dollars is underway at Thar Coal Field which will start producing electricity by 2018. According to Radio Pakistan quoting official sources said that projects is being carried out under Pak-China Economic Corridor. The sources said electricity produces through indigenous coal is cheap therefore tapping it with full of its capacity is being prioritized.
...........................
.
Wapda finalises main contracts for Dasu Hydropower Project
Islamabad - Water and Power Development Authority (WAPDA) has finalised the main contracts for the civil works of Dasu Hydropower Project and the construction on main works of the 2160 MW Stage-I of the Project will commence very soon.
Subsequent to the signing of the agreements, construction of main works of the 2160 MW Stage-I of Dasu Hydropower Project will commence very soon, said WAPDA Chairman Lt Gen Muzammil Hussain (r) during his visit to the hydropower projects namely Dasu, Keyal Khwar, Khan Khwar, Allai Khwar and Duber Khwar on Monday.
A press statement issued here stated that in a bid to capitalise on hydropower resource to add low-cost electricity to the National Grid as per the federal government’s resolve, Water and Power Development Authority (WAPDA) has finalised the main contracts of the civil works of Dasu Hydropower Project.
Likewise, the contractor for civil works of the 128 MW-Keyal Khawar Hydropower Project has also started bringing machinery to the site to carry out construction activities.
During the visit to the site of Dasu Hydropower Project, the chairman expressed satisfaction that work on the already-awarded three contracts to develop infrastructure for the projects had initiated, which included relocation of Karakoram Highway in the project area worth Rs14.538 billion, construction of right bank access road worth Rs2.713 billion and construction of 132 Kilovolt (KV) transmission line from Duber Khwar Hydel Power Station to Dasu worth Rs1.583 billion.
He asked the project management to complete these works within the stipulated time.
He also gave directions to effectively engage the locals, and the district as well as the provincial administration to expedite the process of remaining land acquisition for the project.
The chairman emphasised that socio-economic uplift of the people in Dasu was a priority with WAPDA; wherein medical facility, educational institutions and improvement of road network would also remain under the spotlight.
During his visit to the three hydel power stations - Khan, Allai and Duber Khwar – the chairman was briefed that these stations had contributed 4.861 billion units of electricity to the National Grid sine their commercial operation began.
ghazi52
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Matiari-Lahore transmission line: letter of interest issued
ISLAMABAD: The government on Wednesday allowed the issuance of a formal letter of interest (LoI) to a Chinese company for setting up an 878-kilometre transmission line from Matiari to Lahore to transport more than 4,000 megawatts of electricity from Thar, Port Qasim and Hub.
The decision was taken at a meeting of the board of directors of the Private Power and Infrastructure Board (PPIB) presided over by Minister of Water and Power Khawaja Muhammad Asif. Meeting participants also allowed the PPIB to process a 300MW power plant at Gwadar by another Chinese company under the China-Pakistan Economic Corridor (CPEC) framework.
The LoI issuance to China Electric Power Equipment and Technology Company (CET) will trigger the process for financial arrangements by the contractor and start laying the 660kV high-voltage direct current (HVDC) Matiari-Lahore transmission line project.
This is the first transmission line project that is being developed by the private sector and also the first-ever HVDC transmission line in the country that will also include converter stations at both ends and grounding electrode stations near Lahore and Matiari.
The board also cleared the draft implementation agreement (IA) and transmission services agreement (TSA) for approval by the Economic Coordination Committee (ECC) of the cabinet.
The board was told that the first major hydropower project in Khyber Pakhtunkhwa being developed by the private sector under the CPEC has achieved financial close and simultaneously started construction activities.
The meeting allowed the processing of 300MW coal-based power project at Gwadar to be built by China Communication Construction Company (CCCC) under the CPEC.
The board was also informed that the target to commission 14,000MW in five years was double the total capacity addition made during 20 years through PPIB’s facilitation out of which 9,000MW were expected to materialise during the next one and a half years.
The ECC has already directed the National Electric Power Regulatory Authority (Nepra) to grant all those tax breaks to investments in transmission lines that were available to power generation projects.
Although Nepra has already given a tariff, the power ministry was still in the process of seeking further tax breaks on dividends to be earned by the Chinese company and signed a broader understanding in Beijing in December 2016 to take the $1.5-billion transmission line project further.
Nepra allowed in November last year 74 paisa per unit tariff for the project on the government’s request by revising its previous rate of 71 paisa. This was despite the fact the Chinese firm was demanding 95 paisa per unit rate. The project is being developed without competitive bidding because it is a government-to-government deal as part of the CPEC.
However, to facilitate contractors, Nepra allowed higher payloads in the first 10 years on at least three components and on one element for entire 25-year life of the project. The transmission line is central to the transfer of more than 4,000MW of electricity from under-construction power plants at Thar, Hub and Port Qasim to Punjab’s major load centres.
The major relief in tariff was given in the insurance cost, debt servicing, return on equity and return on equity during construction. The original tariff previously approved by Nepra for the first 10 years ranged between 85 and 87 paisa per unit. This has now been revised to 90-92 paisa per unit.
The previous tariff for 11-25 years stood at 37 paisa per unit, which has now been increased to 39 paisa.
The project will take 36-42 months to be developed, although power generation from the plants of Thar, Hub and Port Qasim will start pouring in much earlier. Because of the government-to-government arrangement, the power ministry and the PPIB will not hold the project’s financial and technical evaluation.
ISLAMABAD: The government on Wednesday allowed the issuance of a formal letter of interest (LoI) to a Chinese company for setting up an 878-kilometre transmission line from Matiari to Lahore to transport more than 4,000 megawatts of electricity from Thar, Port Qasim and Hub.
The decision was taken at a meeting of the board of directors of the Private Power and Infrastructure Board (PPIB) presided over by Minister of Water and Power Khawaja Muhammad Asif. Meeting participants also allowed the PPIB to process a 300MW power plant at Gwadar by another Chinese company under the China-Pakistan Economic Corridor (CPEC) framework.
The LoI issuance to China Electric Power Equipment and Technology Company (CET) will trigger the process for financial arrangements by the contractor and start laying the 660kV high-voltage direct current (HVDC) Matiari-Lahore transmission line project.
This is the first transmission line project that is being developed by the private sector and also the first-ever HVDC transmission line in the country that will also include converter stations at both ends and grounding electrode stations near Lahore and Matiari.
The board also cleared the draft implementation agreement (IA) and transmission services agreement (TSA) for approval by the Economic Coordination Committee (ECC) of the cabinet.
The board was told that the first major hydropower project in Khyber Pakhtunkhwa being developed by the private sector under the CPEC has achieved financial close and simultaneously started construction activities.
The meeting allowed the processing of 300MW coal-based power project at Gwadar to be built by China Communication Construction Company (CCCC) under the CPEC.
The board was also informed that the target to commission 14,000MW in five years was double the total capacity addition made during 20 years through PPIB’s facilitation out of which 9,000MW were expected to materialise during the next one and a half years.
The ECC has already directed the National Electric Power Regulatory Authority (Nepra) to grant all those tax breaks to investments in transmission lines that were available to power generation projects.
Although Nepra has already given a tariff, the power ministry was still in the process of seeking further tax breaks on dividends to be earned by the Chinese company and signed a broader understanding in Beijing in December 2016 to take the $1.5-billion transmission line project further.
Nepra allowed in November last year 74 paisa per unit tariff for the project on the government’s request by revising its previous rate of 71 paisa. This was despite the fact the Chinese firm was demanding 95 paisa per unit rate. The project is being developed without competitive bidding because it is a government-to-government deal as part of the CPEC.
However, to facilitate contractors, Nepra allowed higher payloads in the first 10 years on at least three components and on one element for entire 25-year life of the project. The transmission line is central to the transfer of more than 4,000MW of electricity from under-construction power plants at Thar, Hub and Port Qasim to Punjab’s major load centres.
The major relief in tariff was given in the insurance cost, debt servicing, return on equity and return on equity during construction. The original tariff previously approved by Nepra for the first 10 years ranged between 85 and 87 paisa per unit. This has now been revised to 90-92 paisa per unit.
The previous tariff for 11-25 years stood at 37 paisa per unit, which has now been increased to 39 paisa.
The project will take 36-42 months to be developed, although power generation from the plants of Thar, Hub and Port Qasim will start pouring in much earlier. Because of the government-to-government arrangement, the power ministry and the PPIB will not hold the project’s financial and technical evaluation.
ghazi52
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LAHORE: In yet another significant development, the Pakistan Water and Power Development Authority (WAPDA) secured Rs.144 billion for Dasu Hydropower Project by signing an agreement of local debt financing with a consortium of major local banks led by Habib Bank Limited (HBL). This is by far the biggest single loan agreement for any public sector entity in the history of Pakistan.
The agreement signing ceremony was held here at WAPDA House today. WAPDA Chairman Lt Gen Muzammil Hussain (R), HBL President Nauman Dar, National Bank (NBP) President Saeed Ahmed Khan and representatives of other banks in the consortium signed the agreement on behalf of their organizations. WAPDA Member (Finance), Member (Power) and senior officers of WAPDA and the banks also attended the ceremony.
Speaking on the occasion, WAPDA Chairman said that today is a historical day vis-à-vis arrangement of funds for development of hydropower resources in Pakistan.
He expressed gratitude to the prime minister and federal ministries for Water and Power and Finance for their support to arrange finances for Dasu Hydropower Project. He said that today’s agreement reflects the confidence of financial institutions on the financial strength of WAPDA.
The chairman apprised the audience that the 4320 MW-Dasu Hydropower Project will be completed in two stages - each of them having generation capacity of 2160 MW - on River Indus in Kohistan district of Khyber Pakhtunkhwa. The Stage-I will be completed in five years with an estimated cost of US$ 4.2 billion. The World Bank is providing a credit of US$ 1 billion, while remaining funds are being arranged by WAPDA from its own resources and with help of the sovereign guarantee of Government of Pakistan. Apart from the local financing of Rs.144 billion, a foreign loan to the tune of US $ 350 million has also been finalised and an agreement to this effect will be signed very soon.
Referring to the under-construction projects of WAPDA in water and hydropower sectors, the chairman said that with concerted efforts during the last six months, the impediments in the way to completion of these projects have been removed and these projects are now fast approaching towards their completion. Besides completing Phase-I of Kachhi Canal in August – December 2017, which will irrigate 72000 areas of land in backward areas of Balochistan, WAPDA will also complete the 969 MW-Neelum Jhelum Hydropower Project, the 1410 MW-Tarbela 4th Extension Hydropower Project and the 106 MW-Golen Gol Hydropower Project in a phased manner from end 2017 to mid 2018.
The low cost hydel electricity to be added to the National Grid through these projects will not only help overcome electricity in the country but also contribute significantly for development of economic and social sectors in Pakistan, he added.
Later, HBL and NBP presidents also spoke about the local debt financing for Dasu Hydropower Project.
http://dailytimes.com.pk/pakistan/29...r-dasu-projec
The agreement signing ceremony was held here at WAPDA House today. WAPDA Chairman Lt Gen Muzammil Hussain (R), HBL President Nauman Dar, National Bank (NBP) President Saeed Ahmed Khan and representatives of other banks in the consortium signed the agreement on behalf of their organizations. WAPDA Member (Finance), Member (Power) and senior officers of WAPDA and the banks also attended the ceremony.
Speaking on the occasion, WAPDA Chairman said that today is a historical day vis-à-vis arrangement of funds for development of hydropower resources in Pakistan.
He expressed gratitude to the prime minister and federal ministries for Water and Power and Finance for their support to arrange finances for Dasu Hydropower Project. He said that today’s agreement reflects the confidence of financial institutions on the financial strength of WAPDA.
The chairman apprised the audience that the 4320 MW-Dasu Hydropower Project will be completed in two stages - each of them having generation capacity of 2160 MW - on River Indus in Kohistan district of Khyber Pakhtunkhwa. The Stage-I will be completed in five years with an estimated cost of US$ 4.2 billion. The World Bank is providing a credit of US$ 1 billion, while remaining funds are being arranged by WAPDA from its own resources and with help of the sovereign guarantee of Government of Pakistan. Apart from the local financing of Rs.144 billion, a foreign loan to the tune of US $ 350 million has also been finalised and an agreement to this effect will be signed very soon.
Referring to the under-construction projects of WAPDA in water and hydropower sectors, the chairman said that with concerted efforts during the last six months, the impediments in the way to completion of these projects have been removed and these projects are now fast approaching towards their completion. Besides completing Phase-I of Kachhi Canal in August – December 2017, which will irrigate 72000 areas of land in backward areas of Balochistan, WAPDA will also complete the 969 MW-Neelum Jhelum Hydropower Project, the 1410 MW-Tarbela 4th Extension Hydropower Project and the 106 MW-Golen Gol Hydropower Project in a phased manner from end 2017 to mid 2018.
The low cost hydel electricity to be added to the National Grid through these projects will not only help overcome electricity in the country but also contribute significantly for development of economic and social sectors in Pakistan, he added.
Later, HBL and NBP presidents also spoke about the local debt financing for Dasu Hydropower Project.
http://dailytimes.com.pk/pakistan/29...r-dasu-projec
