Energy Projects...Updates
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ghazi52
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Deals for 11 Wind power projects signed which have capacity of 560 MW
These projects will provide more than 1.8 billion units of clean energy annually
The Alternative Energy Development Board (AEDB) has signed implementation agreements for 11 wind power projects keeping in view the government’s vision of an increase in the share of renewable energy to at least 30% by the year 2030.
“Cumulative capacity of the 11 wind power projects is 560 MW and these projects will provide more than 1.8 billion units of clean energy annually,” said a statement issued on Tuesday.
An investment of around $700 million will be brought to Pakistan as soon as these independent power projects achieve financial close in the coming weeks. The projects are envisaged to come online by 2021.
These projects will provide more than 1.8 billion units of clean energy annually
The Alternative Energy Development Board (AEDB) has signed implementation agreements for 11 wind power projects keeping in view the government’s vision of an increase in the share of renewable energy to at least 30% by the year 2030.
“Cumulative capacity of the 11 wind power projects is 560 MW and these projects will provide more than 1.8 billion units of clean energy annually,” said a statement issued on Tuesday.
An investment of around $700 million will be brought to Pakistan as soon as these independent power projects achieve financial close in the coming weeks. The projects are envisaged to come online by 2021.
ghazi52
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Progress Pictures of 1263MW Power Plant, Jhang Under Construction.
This is the 4th RLNG Power Plant started by Government of Punjab along with Balloki, Bhikki & Haveli Bahadur Shah Power Plants which are already completed and Operational. Cumulative Capacity of these 4 power plants will be 4896 MW
This is the 4th RLNG Power Plant started by Government of Punjab along with Balloki, Bhikki & Haveli Bahadur Shah Power Plants which are already completed and Operational. Cumulative Capacity of these 4 power plants will be 4896 MW
ghazi52
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New Jamshoro power plant reaches $303mln financial close
ISLAMABAD: The financial close amounting $303 million has been achieved for Jamshoro Power Project (Lot-II) after two days of extensive consultations during a joint coordination conference of development partners arranged by Economic Affairs Division, a statement said on Friday.
Being the development partners, Islamic Development Bank will contribute $100 million, Saudi Fund for Development $91 million, Kuwait Fund for International Development $40 million, while OPEC Fund for International Development will chip in $72 million for the project that involves construction of Lot-II of 2x600 MW (net) Jamshoro Coal Power Plant.
The statement said, during the conference, the government also signed the first financing agreement worth $100 million with Islamic Development Bank in a ceremony with Muhammad Hammed Azhar, Minister for Economic Affairs, in attendance.
The loan agreement was signed by Noor Ahmed, Secretary Economic Affairs Division, while Musa Sillah, Director (MENA & Europe) was the signatory from Islamic Development Bank.
Construction of Lot-I of the plant is already underway, whereas Lot-II, which is a new 600 MW (net) super critical power plant, would be built down the line.
The statement added that the project would help decrease the power shortfall currently existing in the country and it was an essential part of the government strategy to fill existing supply gap, while at the same time increase the ratio of cheap coal-based power in the overall mix of electricity supply.
Upon completion, the project would add on an annual basis 4,488 GWh to the national grid to support and sustain economic growth of the country.
It may be recalled that in the month of September 2019, an agreement was also signed with IsDB for support to the Polio Eradication Program worth $100 million, including $10 million grant under Lives & Livelihood Fund of the Bank.
Last year, Jamshoro Power Company and Siemens-HEI had signed an agreement to develop Pakistan’s first supercritical coal-fired power plant in Jamshoro.
Following the signing of engineering, procurement and construction (EPC) contract for the first unit having a capacity of 660MW, the contract price for Lot-I was figured at $562 million. The Lot-I, the construction of which is still going on, is being funded by Asian Development Bank.
On the other hand, then the EPC contract price of Lot-II (unit 2 of 660MW and expansion of balance of plant) was estimated at $313 million.
According to officials, the project would use 80 percent imported sub-bituminous coal and 20 percent local Thar lignite, leading to the generation of economical energy to meet the future electricity needs of the country.
It must be noted that work on 13 energy projects having capacity to generate 8,995 MW electricity under China Pakistan Economic Corridor (CPEC), throughout the country is in full swing.
ISLAMABAD: The financial close amounting $303 million has been achieved for Jamshoro Power Project (Lot-II) after two days of extensive consultations during a joint coordination conference of development partners arranged by Economic Affairs Division, a statement said on Friday.
Being the development partners, Islamic Development Bank will contribute $100 million, Saudi Fund for Development $91 million, Kuwait Fund for International Development $40 million, while OPEC Fund for International Development will chip in $72 million for the project that involves construction of Lot-II of 2x600 MW (net) Jamshoro Coal Power Plant.
The statement said, during the conference, the government also signed the first financing agreement worth $100 million with Islamic Development Bank in a ceremony with Muhammad Hammed Azhar, Minister for Economic Affairs, in attendance.
The loan agreement was signed by Noor Ahmed, Secretary Economic Affairs Division, while Musa Sillah, Director (MENA & Europe) was the signatory from Islamic Development Bank.
Construction of Lot-I of the plant is already underway, whereas Lot-II, which is a new 600 MW (net) super critical power plant, would be built down the line.
The statement added that the project would help decrease the power shortfall currently existing in the country and it was an essential part of the government strategy to fill existing supply gap, while at the same time increase the ratio of cheap coal-based power in the overall mix of electricity supply.
Upon completion, the project would add on an annual basis 4,488 GWh to the national grid to support and sustain economic growth of the country.
It may be recalled that in the month of September 2019, an agreement was also signed with IsDB for support to the Polio Eradication Program worth $100 million, including $10 million grant under Lives & Livelihood Fund of the Bank.
Last year, Jamshoro Power Company and Siemens-HEI had signed an agreement to develop Pakistan’s first supercritical coal-fired power plant in Jamshoro.
Following the signing of engineering, procurement and construction (EPC) contract for the first unit having a capacity of 660MW, the contract price for Lot-I was figured at $562 million. The Lot-I, the construction of which is still going on, is being funded by Asian Development Bank.
On the other hand, then the EPC contract price of Lot-II (unit 2 of 660MW and expansion of balance of plant) was estimated at $313 million.
According to officials, the project would use 80 percent imported sub-bituminous coal and 20 percent local Thar lignite, leading to the generation of economical energy to meet the future electricity needs of the country.
It must be noted that work on 13 energy projects having capacity to generate 8,995 MW electricity under China Pakistan Economic Corridor (CPEC), throughout the country is in full swing.
ghazi52
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The Naveena Group has announced that it has achieved Financial close with the Government of Pakistan for its 50 MW Wind Power Project in Jhimpir, Thatta .
The project cost of USD 63.9 million will provide the cheapest electricity to the consumers at a price of just US cents 4.7154/kwh (Rs. 7.32) from a platform of clean and green energy. The project is scheduled to come online by the end of 2021
The project cost of USD 63.9 million will provide the cheapest electricity to the consumers at a price of just US cents 4.7154/kwh (Rs. 7.32) from a platform of clean and green energy. The project is scheduled to come online by the end of 2021
ghazi52
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Rs52.5bn contract for Dasu power project signed with Chinese firm
Pakistan Water and Power Development Authority (Wapda) on Monday signed a contract worth Rs52.5 billion with the joint venture of GE Hydro China and Power China Zhongnan Engineering Corporation for starting electro-mechanical works on first stage of the Dasu hydroelectric power project.
Dasu hydropower project’s general manager and project director Anwar ul Haque and GEHC deputy general manager Aijun Xu — the authorised representative of the joint venture — signed the contract on behalf of their respective sides at a ceremony
The electrical & mechanical (E&M) contract includes design, supply and installation of six francis turbines, generators, main transformers, generator and station service switchgear along with related equipment. This will lead to final completion of major works of the project.
Wapda chairman, in his welcome remarks, said, “Today is an important day for the Dasu hydroelectric power project. The project is of vital importance that will add a major quantum of hydel electricity to the national grid in order to minimise reliance on expensive thermal generation and bring down power tariff
Pakistan Water and Power Development Authority (Wapda) on Monday signed a contract worth Rs52.5 billion with the joint venture of GE Hydro China and Power China Zhongnan Engineering Corporation for starting electro-mechanical works on first stage of the Dasu hydroelectric power project.
Dasu hydropower project’s general manager and project director Anwar ul Haque and GEHC deputy general manager Aijun Xu — the authorised representative of the joint venture — signed the contract on behalf of their respective sides at a ceremony
The electrical & mechanical (E&M) contract includes design, supply and installation of six francis turbines, generators, main transformers, generator and station service switchgear along with related equipment. This will lead to final completion of major works of the project.
Wapda chairman, in his welcome remarks, said, “Today is an important day for the Dasu hydroelectric power project. The project is of vital importance that will add a major quantum of hydel electricity to the national grid in order to minimise reliance on expensive thermal generation and bring down power tariff
ghazi52
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Naveena Group to Establish a 50MW Wind Power Project
The Naveena Group has announced that it has achieved Financial close with the Government of Pakistan for its 50 MW Wind Power Project in #Jhimpir, #Thatta #Sindh.
The project cost of USD 63.9 million will provide the cheapest electricity to the consumers at a price of just US cents 4.7154/kwh (Rs. 7.32) from a platform of clean and green energy. The project is scheduled to come online by the end of 2021
The Naveena Group has announced that it has achieved Financial close with the Government of Pakistan for its 50 MW Wind Power Project in #Jhimpir, #Thatta #Sindh.
The project cost of USD 63.9 million will provide the cheapest electricity to the consumers at a price of just US cents 4.7154/kwh (Rs. 7.32) from a platform of clean and green energy. The project is scheduled to come online by the end of 2021
ghazi52
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PM steps in to save power firm from default
December 16, 2019
On the intervention of the Prime Minister Office, the power division has resolved a dispute over the signing of a formal power purchase agreement (PPA) to save Neelum-Jhelum Hydropower Company (NJHPC) from default. — Photo courtesy Imran Khan Instagram/File
ISLAMABAD: On the intervention by the Prime Minister Office, the power division has resolved a dispute over the signing of a formal power purchase agreement (PPA) to save Neelum-Jhelum Hydropower Company (NJHPC) from default.
The Rs510 billion power project attained 969MW generation capacity in August last year and has since been providing electricity to the national grid without any payment. The non-signing of the PPA between the Central Power Purchasing Agency (CPPA) and NJHPC had resulted in a circular debt build-up of about Rs75bn.
In recent meetings with various top functionaries, NJHPC chief executive officer Brig Mohammad Zareen had warned that non-payment of dues would have serious political, financial and reputation risks to the government. This was because the delayed payments would require the government to increase consumer tariff to clear its backlog of over Rs75bn and avoid exposing the guarantees of the government and Water and Power Development Authority (Wapda) to default.
A senior official told Dawn that the PM Office had intervened and asked the power division to resolve the matter at the earliest. Power division secretary Irfan Ali heard viewpoints of the CPPA and NJHPC. This was followed by a meeting of the CPPA board of directors, which approved the signing of the PPA between the two entities.
Neelum-Jhelum company and CPPA agree to sign accord this week
The official said the two sides had now agreed to sign the PPA this week subject to its vetting by legal experts. The NJHPC had earlier reported that Wapda, the government and the company would go into default if its energy payments did not begin within a month as the power sector was using its unaccounted units for showing reduction in line losses.
“If revenue from the CPPA does not commence by December 2019, NJHPC/Wapda/GoP shall go into default due to back-to-back guarantee, apart from NJHPC not meeting the routine maintenance expense,” the NJHPC CEO reported on Nov 27.
He also reported that the Chinese contractor had left the project when it attained 99.6 per cent completion and some minor works were outstanding after shelling by the Indian army on the dam’s site on July 30 and Oct 19-20 and 24 this year and was not willing to return. The NJHPC approached the foreign ministry, prompting it to take up the matter with Beijing and hopefully the contractor would soon resume the job as required under the warranties, he added.
According to the CEO, the company’s annual debt service liability amounted to Rs50bn and it was getting letters from the economic affairs division every month for servicing debt to external lenders. “I will not have the funds to even pay for the salaries after December,” he said, adding that Rs100bn raised from local banks was currently being utilised for debt servicing, payment of salaries and other expenses.
Brig Zareen said the National Electric Power Regulatory Authority (Nepra) had given the NJHPC an interim tariff at a rate of Rs5.9180 per kWh for one year that was notified on March 8, but the company had not so far been paid a single penny by the CPPA against more than six billion units (kWh) it had supplied to the national grid.
The NJHPC recently testified before a parliamentary committee that the CPPA was not signing the PPA that had been lying with it since July this year. Resultantly, it said, the NJHPC had not been paid for energy delivered to date. Nepra had also revised interim tariff to Rs9.1184 per unit at NJHPC’s request in August, but it was not being notified. The final tariff application is currently under process.
The NJHPC had supplied over 6bn units electricity to the power sector that had remained unaccounted for so far.
The NJHPC had told the Senate Standing Committee on Planning that the CPPA was hampering the signing of PPA and invoicing mechanism by taking a stand that the company’s tariff be clubbed with that of Wapda despite the fact that the NJHPC was an independent company registered with the Securities and Exchange Commission of Pakistan and the power regulator had approved its separate tariff.
According to Brig Zareen, clubbing the NJHPC tariff with that of Wapda was not only impractical but also involved serious legal and taxation ramifications as unlike Wapda, the company had some tax exemptions and there were legal issues relating to export of electricity from Azad Jammu and Kashmir. Separately, Wapda already had payables of over Rs200bn with the CPPA.
Because of these issues, payments of Rs1.10 per unit to AJK as water use charge were not being made, affecting their budget estimates. About Rs60bn as Neelum-Jhelum surcharge being charged to consumers has so far been collected and is being utilised by the company, but another Rs60bn on account of energy sold to the CPPA has remained unpaid.
The 969MW project had an approved cost of Rs506bn, but was completed at a cost of Rs420bn.
December 16, 2019
On the intervention of the Prime Minister Office, the power division has resolved a dispute over the signing of a formal power purchase agreement (PPA) to save Neelum-Jhelum Hydropower Company (NJHPC) from default. — Photo courtesy Imran Khan Instagram/File
ISLAMABAD: On the intervention by the Prime Minister Office, the power division has resolved a dispute over the signing of a formal power purchase agreement (PPA) to save Neelum-Jhelum Hydropower Company (NJHPC) from default.
The Rs510 billion power project attained 969MW generation capacity in August last year and has since been providing electricity to the national grid without any payment. The non-signing of the PPA between the Central Power Purchasing Agency (CPPA) and NJHPC had resulted in a circular debt build-up of about Rs75bn.
In recent meetings with various top functionaries, NJHPC chief executive officer Brig Mohammad Zareen had warned that non-payment of dues would have serious political, financial and reputation risks to the government. This was because the delayed payments would require the government to increase consumer tariff to clear its backlog of over Rs75bn and avoid exposing the guarantees of the government and Water and Power Development Authority (Wapda) to default.
A senior official told Dawn that the PM Office had intervened and asked the power division to resolve the matter at the earliest. Power division secretary Irfan Ali heard viewpoints of the CPPA and NJHPC. This was followed by a meeting of the CPPA board of directors, which approved the signing of the PPA between the two entities.
Neelum-Jhelum company and CPPA agree to sign accord this week
The official said the two sides had now agreed to sign the PPA this week subject to its vetting by legal experts. The NJHPC had earlier reported that Wapda, the government and the company would go into default if its energy payments did not begin within a month as the power sector was using its unaccounted units for showing reduction in line losses.
“If revenue from the CPPA does not commence by December 2019, NJHPC/Wapda/GoP shall go into default due to back-to-back guarantee, apart from NJHPC not meeting the routine maintenance expense,” the NJHPC CEO reported on Nov 27.
He also reported that the Chinese contractor had left the project when it attained 99.6 per cent completion and some minor works were outstanding after shelling by the Indian army on the dam’s site on July 30 and Oct 19-20 and 24 this year and was not willing to return. The NJHPC approached the foreign ministry, prompting it to take up the matter with Beijing and hopefully the contractor would soon resume the job as required under the warranties, he added.
According to the CEO, the company’s annual debt service liability amounted to Rs50bn and it was getting letters from the economic affairs division every month for servicing debt to external lenders. “I will not have the funds to even pay for the salaries after December,” he said, adding that Rs100bn raised from local banks was currently being utilised for debt servicing, payment of salaries and other expenses.
Brig Zareen said the National Electric Power Regulatory Authority (Nepra) had given the NJHPC an interim tariff at a rate of Rs5.9180 per kWh for one year that was notified on March 8, but the company had not so far been paid a single penny by the CPPA against more than six billion units (kWh) it had supplied to the national grid.
The NJHPC recently testified before a parliamentary committee that the CPPA was not signing the PPA that had been lying with it since July this year. Resultantly, it said, the NJHPC had not been paid for energy delivered to date. Nepra had also revised interim tariff to Rs9.1184 per unit at NJHPC’s request in August, but it was not being notified. The final tariff application is currently under process.
The NJHPC had supplied over 6bn units electricity to the power sector that had remained unaccounted for so far.
The NJHPC had told the Senate Standing Committee on Planning that the CPPA was hampering the signing of PPA and invoicing mechanism by taking a stand that the company’s tariff be clubbed with that of Wapda despite the fact that the NJHPC was an independent company registered with the Securities and Exchange Commission of Pakistan and the power regulator had approved its separate tariff.
According to Brig Zareen, clubbing the NJHPC tariff with that of Wapda was not only impractical but also involved serious legal and taxation ramifications as unlike Wapda, the company had some tax exemptions and there were legal issues relating to export of electricity from Azad Jammu and Kashmir. Separately, Wapda already had payables of over Rs200bn with the CPPA.
Because of these issues, payments of Rs1.10 per unit to AJK as water use charge were not being made, affecting their budget estimates. About Rs60bn as Neelum-Jhelum surcharge being charged to consumers has so far been collected and is being utilised by the company, but another Rs60bn on account of energy sold to the CPPA has remained unpaid.
The 969MW project had an approved cost of Rs506bn, but was completed at a cost of Rs420bn.
ghazi52
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Summary of Privatization of 1223 MW Balloki Power Plant (RLNG) & 1230 MW Haveli Bahadur Shah Power Plant (RLNG) has been presented in CCI Council of Common Interest yesterday. The EOI Expression of Interest date has also been extended to January 17, 2020.
On Privatization of these two Power plants Pakistan will raise $1.5 Billion non-tax revenue.
On Privatization of these two Power plants Pakistan will raise $1.5 Billion non-tax revenue.
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ghazi52
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South Korean power company to invest over $1bn in Pakistan power sector
Khyber Pakhtunkhwa govt and the Korean company have partnered to invest in 496 MW power project in Kohistan.
The KPK govt will be a 26 percent shareholder in project.
The Korea Hydro and Nuclear Power, a subsidiary of Korea Electric Power Corporation (KEPCO), will invest over a billion dollars in the power sector of Pakistan's Khyber Pakhtunkhwa.
The development comes during a meeting between the president of Korea Hydro and Nuclear Power and Khyber Pakhtunkhwa Finance Minister Taimur Jhagra and Provincial Minister of KPK for Law, Sultan Khan.
As per detail, the Khyber Pakhtunkhwa government and the Korean company have partnered to invest in 496 MW power project in Kohistan. The KP Government will be a 26 percent shareholder in project.
Apart from hydropower station, the company expressed desire to invest in wind and solar power generation in the province. Meanwhile, the provincial ministers informed the company delegation about Khyber Pakhtunkhwa's investment friendly policies and assured Koreans of full cooperation during their visit.
brecorder.com
Khyber Pakhtunkhwa govt and the Korean company have partnered to invest in 496 MW power project in Kohistan.
The KPK govt will be a 26 percent shareholder in project.
The Korea Hydro and Nuclear Power, a subsidiary of Korea Electric Power Corporation (KEPCO), will invest over a billion dollars in the power sector of Pakistan's Khyber Pakhtunkhwa.
The development comes during a meeting between the president of Korea Hydro and Nuclear Power and Khyber Pakhtunkhwa Finance Minister Taimur Jhagra and Provincial Minister of KPK for Law, Sultan Khan.
As per detail, the Khyber Pakhtunkhwa government and the Korean company have partnered to invest in 496 MW power project in Kohistan. The KP Government will be a 26 percent shareholder in project.
Apart from hydropower station, the company expressed desire to invest in wind and solar power generation in the province. Meanwhile, the provincial ministers informed the company delegation about Khyber Pakhtunkhwa's investment friendly policies and assured Koreans of full cooperation during their visit.
brecorder.com
ghazi52
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Highest-ever production: Hydel power stations generate 34.7b units in 2019
December 28, 2019
https://tribune.com.pk/story/212617...del-power-stations-generate-34-7b-units-2019/
LAHORE: The year 2019 turned out to be a historic one for the development of water and hydroelectric power resources in Pakistan.
A record high hydel electricity was generated and supplied to the national grid during the year, besides start of construction work on Mohmand Dam in May after five decades, said Water and Power Development Authority (Wapda) in a statement on Friday.
The hydel power stations owned and operated by Wapda provided 34.678 billion units of electricity – the highest-ever contribution of clean energy – to the system in 2019. It was higher by 6.321 billion units compared to last year when 28.357 billion units were supplied.
The optimal operation of three hydroelectric power projects, completed last year in a phased manner, proved to be a good omen for hydel generation in the country. These projects alone generated 9.372 billion units cumulatively in 2019.
This includes 4.741 billion units from the Tarbela 4th Extension project, 4.519 billion units from the Neelum-Jhelum hydroelectric power project and 0.111 billion units from the Golen Gol hydroelectric power project.
The rest of the hydel electricity was contributed by other power stations with Tarbela power stations contributing 10.831 billion units, Ghazi-Barotha 6.594 billion units, Mangla 4.005 billion units and others 3.986 billion units.
“Hydroelectric power is the cheapest and most environment-friendly source of electricity. The contribution of Wapda’s hydel electricity to the system greatly helped the country in meeting electricity needs and stabilising the electricity tariff for consumers during the year,” Wapda said.
In addition to the record high hydel electricity generation in 2019, targets for the construction of mega dams were also achieved to stave off a looming water crisis in the country.
December 28, 2019
https://tribune.com.pk/story/212617...del-power-stations-generate-34-7b-units-2019/
LAHORE: The year 2019 turned out to be a historic one for the development of water and hydroelectric power resources in Pakistan.
A record high hydel electricity was generated and supplied to the national grid during the year, besides start of construction work on Mohmand Dam in May after five decades, said Water and Power Development Authority (Wapda) in a statement on Friday.
The hydel power stations owned and operated by Wapda provided 34.678 billion units of electricity – the highest-ever contribution of clean energy – to the system in 2019. It was higher by 6.321 billion units compared to last year when 28.357 billion units were supplied.
The optimal operation of three hydroelectric power projects, completed last year in a phased manner, proved to be a good omen for hydel generation in the country. These projects alone generated 9.372 billion units cumulatively in 2019.
This includes 4.741 billion units from the Tarbela 4th Extension project, 4.519 billion units from the Neelum-Jhelum hydroelectric power project and 0.111 billion units from the Golen Gol hydroelectric power project.
The rest of the hydel electricity was contributed by other power stations with Tarbela power stations contributing 10.831 billion units, Ghazi-Barotha 6.594 billion units, Mangla 4.005 billion units and others 3.986 billion units.
“Hydroelectric power is the cheapest and most environment-friendly source of electricity. The contribution of Wapda’s hydel electricity to the system greatly helped the country in meeting electricity needs and stabilising the electricity tariff for consumers during the year,” Wapda said.
In addition to the record high hydel electricity generation in 2019, targets for the construction of mega dams were also achieved to stave off a looming water crisis in the country.
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