World Largest powership arrives in Karachi

[The Clarifier]

This is what I call real help!

Turkey doesn't have to give us lip service about Kashmir. They give us things that matter.

Power for karachi is one.

 

[Nothing]

http://www.defence.pk/forums/econom...-make-history-expensive-power-generation.html

 

[S3xy B0y]

Turkey is being good for Pakistan,recently.

 

[GentlemanObserver]

Turkey is being good for Pakistan,recently.

What do you mean recently?

Since the start of the 1990s, Turkish private businesses have also invested in Pakistan. Three of Turkey's leading construction companies, Bay›nd›r, STFA and Tekser, are engaged in building the country's infrastructure and communication network, including the construction of major roads, a motorway, harbour and canal projects. The total volume of private Turkish investment in Pakistan currently stands at around $1.5 billion.

The highlight of private Turkish investment in the 1990s and to the present is Bay›nd›r's $430 million Islamabad-Peshawar Motorway Project, a four-lane, 154 km-long super highway that will be completed in 2002.

The second biggest private Turkish investment is by the STFA (Sezai Türke?-Fevzi Akkaya) construction company, with a total capital commitment of $597 million.

By 1998, it had completed five projects, including the $138 million Jinnah Naval Complex, the $100 million Lahore Bypass Project, the $42 million Indus Highway Project, the $6 million Ormara Water Supply Project and the $5 million Ormara Submarine Rebuild Project. By then, it had completed 80 per cent of the work on the second phase of the $45 million Indus Highway.


The STFA has already completed five projects, including the $121 million Jinnah Naval Complex, the $106 million Lahore Bypass Project, the $43 million Indus Highway Project, the $6 million Ormara Water Supply Project and the $5 million Ormara Submarine Rebuild Project.

The company is expecting to start work on two other projects, including the $590 million Karachi Lightweight Mass Transit Project (to be built by a consortium of construction companies, with STFA having a share of $110 million) and the $75 million Pehur High Level Canal Tunnels Projects. For its part, Tekser, the third largest private Turkish company in Pakistan, had in 1998 resumed work on its only project, the Chashma Right Bank Canal Project, which was inaugurated by Turkish state minister Abdulhaluk Çay during his visit to Pakistan in April 2000.

Private Turkish investors in Pakistan can further diversify their endeavours by investing in sectors other than construction, such as those of energy and agroindustries.

2005 earthquake

2008 Earthquake

2009 Zorlu Enerji (a Turkish company) established Pakistan's first wind farm

2010 Pak floods.

2010 Joint Defence Production pact between Turkey and Pakistan

 

[Areesh]

So how much commision Raja Perez Ashraf and his boss has earned out of this project?

I think that amount must be huge. Seriously this project is going to benefit Raja sahab more than anybody else.

 

[unicorn]

Ashraf announces end of power crises

Karachi—Federal Minister for Water and Power, Raja Pervaiz Ashraf announcing the end of power crises said construction work on more than seven small dams is under way and rental power plants will be needed till completion of other projects.

Talking to the media persons after inauguration ceremony of rentalship power plant imported from Turkey here on Sunday, Raja Pervaiz Ashraf said the government arranges the rental power plants for five years to overcome the energy crises in the country. He said the ship power project is sign of friendly ties between Pakistan and Turkey, adding Turkey always supported Pakistan in testing times.

Ashraf said Karachi is the business capital of the country and the new project would help increasing the economic activities in the city. He said the government is working on various hydel, coal and wind power projects but these projects are long term and therefore rental projects are being employed to lessen the intensity of the power crisis. The federal minister also said that the residents of Karachi would not pay any additional amount for the power provided by the ship.

The federal minister maintained that some eight IPPs and two rental power plants are producing 1800 megawatts electricity while four more IPPs of 800 MW would soon reach here. He reiterated that the crises intensified as no project was completed in last twelve years.

Meanwhile, the Turkish ship carrying 232 megawatt power project which was formally inaugurated on Sunday is destined to move close to Port Qasim to be linked with the National Grid on Nov 24.

Chief Minister Sindh Syed Qaim Ali Shah and the Federal Minister for Power and Water Raja Pervaiz Ashraf performed the inauguration ceremony here at Karachi Port Trust today.

Raja Pervaiz Ashraf has said that the plant was acquired to address the power problems faced by the mega city of Karachi which had to experience the agony of loadshedding in the torturous summer for more than 12 hours a day. The additional amount of power supplied by Turkish plant would naturally help improve power shortage in the industrial city however it is not clear yet as to how the PEPCO or KESC are going to absorb the additional cost of electricity produced by the rental power which is estimated to over Rs15.50 a unit as compared to existing cost of around Rs9.35 per unit.

It may be mentioned that like oil prices which are set at par for the entire country under a freight pool system, the only way for price management of electricity is to apply the similar formula as the consumers of a partiular segment of the society may not be able to afford a quantum jump of over Rs5.60 per unit, said sources in industrial circles.

Besides a large number of people from public and private sector the representatives of Private Power Infrastructure Board (PPIB), Ministry of Water and Power and the representatives of the Turkey-based power ship ‘Kaya Bey’ were also present on the occasion.

The power-generating ship came as part of an agreement signed a year ago between Pakistan and a private Turkish company at agreed tariff of 5.98 cents per unit. However, since then dollar has appreciated against rupee while the fuel oil cost has also escalated.

Looking into the economics of power generation cost keeping in view the current rupee-dollar exchange rate the price of rental power comes to Rs15.66 per unit as compared to the current average price of Rs9.37 per unit,

It is learnt that agreement with Turkish company spans over next five years. Analysts say, the present government has approached various countries including China, US, Germany, France and other economies for investing in the energy sector for a sustainable solution in the long terms, yet the aspect of price affordability should be given first priority while taking steps for short term solutions of the energy crisis.

 

[xenia]

Ship-mounted power plant is country’s most expensive
LAHORE: The 230MW ship-mounted power plant, which will be pressed into service on Sunday (today), is by far the most expensive in the country, costing Rs15.66 per unit.

According to records of Pakistan Electric Power Company (Pepco), the Karkey Karadeniz Electrik Uretim of Turkey was allowed the high tariff of 5.98 cents per unit in May of 2009. If current furnace oil price (Rs60,000 per ton) is factored in, the price will rise to a whopping 18 cents per unit.

At the current rupee-dollar exchange rate this price comes to Rs15.66 per unit against current average price of Rs9.37 per unit.

According to Pepco calculations, the plant will single-handedly increase the overall tariff by a staggering four per cent if the cost is to be passed on to consumers.

The plant, with 93 per cent availability for the next five years, was recruited by Private Power Infrastructure Board (PPIB) in the beginning of 2009, and was given Rs6 billion ($80 million) as advance payment on May 12, 2009.

Initially it was supposed to come on line in September 2009, but missed the deadline. Its commercial operation date (COD) was extended twice, and should have been operational in May 2010.

Even if it starts production next month, the plant will be operational seven months behind schedule. The Pepco, the buyer in this case, has put the management on notice for the delay.

According to the Rental Service Agreements, the Pepco can “cash in” the performance guarantees if commissioning of a plant gets delayed by a month.

Every plant is given a “grace period” of two to three months, after which the Pepco may renegotiate the entire RSA, including tariff, or can reduce the rental period correspondingly.

“So, it’s a God-sent opportunity for the country to renegotiate the deal and get the tariff reduced,” a Pepco official said. The opportunity had risen because of Karkey’s fault and the ministry of water and power and Pepco must avail it, he insisted.

When asked to comment, a spokesman for Pepco said: “We appreciate the Turkish cooperation in this hour of need. All the matters will be solved in accordance with the terms of the contract.”

 

[Omar1984]

Pakistan to save Rs10b ​

ISLAMABAD - Turkey-based company, Karkey has said that Pakistan will have financial savings of over Rs10 billion during the contract period of five years on account of power transmission and fuel transportation through power ship at Karachi.

The details of the “Mounted Power Project” prepared by Turkish investor further disclosed that the cost of electricity would be Rs10 per Kwh through the Power ship Project.

Break-up of financial savings disclosed that the transmission Savings over rental period comes to over Rs6.61 billion whereas fuel transport savings over Rental Period (5 years) stood at over Rs 5 billion.

The National Transmission Dispatch Company (NTDC) losses range between 6-8 percent depending upon voltage level, transmission distance and transformation mechanisms. “Through power ship transmission of electricity would save this loss and impact of transmission savings will be Rs6.61 billion over 5-year contract period. As per working of the Karkey, assuming that power is to be generated in Multan (945 km from Karachi); Pakistan Electric Power Company (Pepco) spends additional costs in transporting the fuel from Karachi to Multan.

Considering a transport cost of Rs25 /ton /km and other potential losses in transport, there will be financial saving of Rs5.6 billion on account of fuel transportation.

In the absence of power supply from where it is consumed, as the power ship would do, Pepco would have to deprive other parts of the country from electricity and send the power from its generation in the upcountry location.

The power ship is directly connected to the Karachi Grid which will ensures a 93 per cent guaranteed physical supply of electricity.

Having a 230MW power project right next to KESC Grid provides significant “Electrical System Stability” to significantly reduce the power failures, which had been occurring as a result of power supply from North of Karachi.

The ship-mounted project is the largest investment by a Turkish company in Pakistan. Keeping in view the global economic recession and specific conditions of Pakistan, it is not easy to bring investors in Pakistan.

In a recent International Competitive Bidding (ICB) carried out by PPIB for a 300 MW IPP, Eight parties purchased the bidding documents, however, one bid was received which was submitted by Karkey. The power ship project is entirely financed by International Banks, sources added.