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Overview of Pakistan Power Sector

By Shah Jahan Mirza
8 years ago


Ard, Arif, Mal

Sustainability

Banking

International Trade

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  1. OVERVIEW  OF  PAKISTAN  POWER  SECTOR     Shah  Jahan  Mirza     Managing  Director     PRIVATE  POWER  &  INFRASTRUCTURE  BOARD   September  30,  2015     1  
  2. CONTENTS l   Overview  of  Pakistan’s  Power  Sector  (PPS)   l  Plans   to   Enhance   Power   GeneraTon   Capacity   and   Allied   Infrastructure   l  PPIB  –  A  One-­‐Window  Facilitator   l  IPP  Model  being  executed  by  PPIB   l  Private  Power  Projects  in  OperaTon   l  Investment  IniTaTves   l  Salient  Features/  IncenTves  under  Power  Policy  2015   2  
  3. PAKISTAN POWER SECTOR - TIMELINE JOURNEY }  Initially two vertically integrated utilities i.e. WAPDA and KESC, were responsible for generation, transmission and distribution in their areas }  UPTO 70s: Performance of KESC and WAPDA was very good }  IN 80s: Some deterioration observed. Demand-Supply shortfall started }  IN 90s: Budget constraints lead the government to seek involvement of private sector in power generation projects }  1992: Govt. prepared strategic plan to reform Pakistan power sector }  1993: Energy Task Force created, Power Policy 1994 formulated }  1994: Creation of PPIB & preparation of National Power Plan by WAPDA }  1997: Autonomous regulatory body NEPRA created, through an Act. }  2001: WAPDA Vision 2025 prepared }  2002: NEPRA issued a future plan for Pakistan Power Sector }  2005: Medium Term Development Framework (MTDF) prepared 3  
  4. OVERVIEW OF PAKISTAN ’S POWER SECTOR §  At present the following entities are responsible for delivery of power to the end consumers: §  One Transmission and Dispatch Company (NTDCL) §  Ten Distribution Companies (DISCOs) §  Four Public Sector Generation Companies (GENCOs) §  Thirty One (31) IPPs §  The Electricity Generation is blend of Hydel and Thermal Units. §  Total installed capacity is around 25,000 MW with 53% and 47% Share of Public and Private Sector respectively. §  Currently Country is facing deficit of around 6,000 MW in peak summer months whereas the power demand has been growing by 6-7% per annum resulting into load shedding of 8-16 hours. §  Expansion in projects. §  Due to Financial Constraints in the Public Sector, the GOP is focusing on private sector to invest in PPS to bridge the electricity demand supply gap. Transmission Network is required to evacuate power from upcoming 4  
  5. PAKISTAN POWER SECTOR – KEY PLAYERS GOVERNMENT OF PAKISTAN Pakistan Atomic Energy Commission Ministry of Water & Power WAPDA AEDB PEPCO CHASNUPP PPIB Provinces NEPRA KANUPP Khyber Pukhtoon Khwa Punjab Sindh Private Sector Mega Dams Water Projects GENCOs DISCOs NTDC IPPs/ SIPPs (Small Hydel, Wind, Solar, Bio Diesel, Bio Mass, Cogeneration) 5   IPPs (Hydel, Oil, Gas, Coal) CPPs KESC AJK Gilgit Baltistan Balochistan  
  6. PAKISTAN POWER SECTOR TOTAL INSTALLED CAPACITY MW % Total  24,953   Public Sector Hydel 7,013 28 Thermal 5,458 22 Nuclear 787 3 Total 13,258 53 Private  Sector,   11695,  47%   Public  Sector   Hydel,  7013,   28%     Private Sector IPPs 9,273 37 KESC 2,422 10 Total 11,695 47 Nuclear,  787,   3%   Total Installed Capacity Source:  Power  System  Sta0s0cs  –  39th  Issue   6   Public  Sector   Thermal,  5458,   22%   24,953 MW
  7. PAKISTAN ENERGY MIX VERSUS WORLD ENERGY MIX 7  
  8. PAKISTAN POWER SECTOR – CURRENT SCENARIO §  In the peak summer months, electricity demand-supply gap reaches up to 6,000 MW resulting in load-shedding of up to 8-16 hours per day §  WAPDA (NTDC) Power Planning has projected a demand of 31,757 MW by the year 2020 §  Even if the maximum capability of 18,477 MW is assumed, country would need additional 13,310 MW (net) by the year 2020, requiring an investment of $15 billion §  The government is looking towards private sector to bring additional generation on coal, hydro and renewable energy on fast track basis §  In order to encourage private sector, the government has been issuing various policies/ guidelines from time to time in the past at both federal and provincial levels 8  
  9. PLANS TO ENHANCE POWER GENERATION CAPACITY AND ALLIED INFRASTRUCTURE §  The Present Government is striving hard to overcome the ongoing power crisis which has adversely impacted the National Economy. §  A number of initiatives are in progress to enhance generation capacity of the system, including power plants based on coal, hydel, gas and renewable resources, both in public as well as private sector. §  The GoP has recently approved Power Generation Policy 2015 which provides attractive incentives for private investors §  Extensive networks of high voltage transmission lines and grid stations are being developed to evacuate power from upcoming mega coal and hydel projects to be located southern and northern part of country. §  The GoP has approved Private Transmission Line Policy for allocating private investment in high voltage transmission lines 9  
  10. PPIB  -­‐  A  ONE  WINDOW  FACILITATOR   §  Created in August 1994 as a one-window facilitator on behalf of GOP, its Ministries/ Departments to promote private investments in power sector §  Received statutory status on 6th March 2012 by an Act of the Parliament §  Approves IPPs and executes Implementation Agreements and provides GOP guarantees on the name of President of Pakistan §  §  Facilitates IPPs in executing PPA, FSA/GSA WUA with relevant GOP agencies Coordinates/ Liaisons with local and international multilateral development/ Financial Institutions §  Out of a total of 31 IPPs, PPIB managed to induct 29 (IPPs) totaling 6,142 MW with an investment of around US$ 7 billion. §  Attracted leading international/ local investors and lenders to the Pakistan Power Sector §  Succeeded in commissioning of first Hydel IPP in Pakistan and AJ&K i.e. 84 MW New Bong Escape Hydropower Project 10  
  11. IPP MODEL BEING EXECUTED BY PPIB CSA : Coal Supply Agreement GSA: Gas Supply Agreement PPA: Power Purchase Agreement IA: Implementation Agreement DIA: Direct Implementation Agreement Provincial   Govt./  AJ&K   TriparTte  LOS   WUA/  CSA   Gas/  Fuel   Supplier   Fuel  Price   OGRA   GoP   GSA/  FSA   DIA   LOI/  LOS/  IA   IPPs   EPC  /O&M   Contracts   EPC/  O&M   Contractors   Lenders   Financing   PPA   Tariff/  GeneraTon   Licence   NTDC   Transmission   Licence   NEPRA  
  12. PRIVATE POWER PROJECTS IN OPERATION Number of Projects Capacity (MW) Investment (Million US$) §  Project prior to 1994 Power Policy 1 1,292 1,608 §  Projects under 1994 Power Policy 15 3,124 3,490 §  Project privatized from public sector 1 1,638 1,583 §  Project under 1995 Hydel Policy 1 84 215 §  Projects under 2002 Power Policy 13 2,934 3,248 §  Total 31 9,072 10,144 12  
  13. PRIVATE SECTOR PROJECTS IN OPERATION AZAD JAMMU & KASHMIR New  Bong  Escape  Hydropower  Project   84   Mar  2013   Altern  Energy  Ltd,  Agock   Japan  Power  GeneraTon,  Lahore   Kohinoor  Energy  Ltd.,  Lahore   Southern  Electric  Co.,  Lahore   Saba  Power  Company,  Lahore   AES  Lalpir  Ltd.,  Multan   AES  Pak  Gen,    Multan   Fauji  Kabirwala  Co.,  Multan   29   135   131   136   125   362   365   157   Jun  2001   Jan    2000   Jun  1997   Jul  1999   Dec  1999   Nov  1997   Feb  1998   Oct  1999   Rousch  Power,  Multan   KAPCO,  Muzaffargarh   Agock  Gen,  Rawalpindi   Atlas  Power  Ltd.,  Sheikhupura   Nishat  Power  Ltd.,  Lahore   Saif  Power  Ltd.,  Sahiwal   Orient  Power  Ltd.,  Balloki,  Kasur   Nishat  Chunian  Power  Ltd.,  Lahore   Sapphire  Electric  Co.  Ltd.,  Muridke   Liberty  Power  Tech  Ltd.,  Near  Faisalabad   HUB  Power  Company  Limited,  Narowal   Halmore  Power  GeneraTon  Co.  Ltd.,  Bhikki   Davis  Energen  Power  Ltd.,  Jhang     450   1638   165   225   200   229   229   200   225   200   220   225   11   Dec  1999   Jun  1996   Mar  2009   Nov  2009   Nov  2009   Apr  2010   May  2010   Jul  2010   Oct  2010   Jan  2011   Apr  2011   June  2011   July  2013   PUNJAB BALOCHISTAN Hub  Power  Project,  Hub   Uch  Power  Ltd.,  Uch   Habibullah  Coastal,  Quega   Uch-­‐II  Power  Limited,  Uch   1292   586   140   404   Mar  1997   Oct  2000   Sep  1999   Apr  2014      TNB  Liberty  Power  Ltd.,  Daharki      Tapal  Energy  Ltd.,  Karachi      Gul  Ahmed  Energy  Ltd.,  Karachi      Engro  Powergen  Qadirpur  Ltd.,  Dakarki   235   126   136   227   Jun  2001   Jun  1997   Nov  1996   Mar  2010      FoundaTon  Power  Co.  (Daharki)  Ltd.   185   May  2011   SINDH Tot.  Capacity:  9,072  MW   13  
  14. INVESTORS AND LENDERS PARTICIPATING IN PRIVATE POWER PROJECTS INVESTORS Local l   l  l  l  l  l  l  l  l  l  l  l  Nishat Group Sapphire Textile Ltd. Attock Refinery Ltd. Engro Chemical Shirazi Investment Fauji Foundation Saif Group Liberty Mills Descon Group Gul Ahmed Tapal Family Saigols LENDERS Foreign l  l  l  l  l  l  l  l  l  l  l  l  l  l  International Power (UK) Congen Technology El Paso (USA) Tenaska (USA) Mitsui (Japan) Xenel (KSA) TNB (Malaysia) AES Corporation AEB IFC Oman Oil DEG Germany GE Capital GDF Suez (France) Local National Bank of Pakistan l  Habib Bank Ltd. l  United Bank Ltd. l  Muslim Commercial Bank l  Allied Bank Ltd. l  Askari Bank Ltd. l  Faysal Bank Ltd. l  Meezan Bank Ltd. l  Bank Al Habib l  Habib Metropolitan Bank Ltd. l  The Bank of Punjab l  Soneri Bank Ltd. l  NIB Bank Ltd. l  Pak Oman Investment Co. l  Pak China Investment Co. l  Saudi Pak Industrial and Agricultural Investment Co. l  14   Foreign IFC l  World Bank l  ADB l  IDB l  US Exim Bank l  AIDEC l  CDC (UK) l  EDC (UK) l  SACHE (Italy) l  ANZ Banking Group (Australia) l  ABN Amro Bank l  Jexim (Japan) l  Bank of Tokyo Mitsubishi l  Toronto-Dominion Bank l  DEG (Germany) l  EMO (Netherlands) l  PROPARCO (France) l  SWEDFUND (Sweden) l  K-EXIM l 
  15. NEW INVESTMENT INITIATIVES (RLNG Projects) (1/4) §  3,600 (2 x 1200) MW Power Generation Projects based on R-LNG, to be commissioned 2400 MW open cycle by May 2017; completion of 3600 MW early 2018 §  National Power Parks Management Company Limited (NPPMCL) under Ministry of Water & Power is in the process of development of two (02) RLNG based power plants each of around 1000-1200 MW at Balloki and Haveli Bahadur Shah, in the province of Punjab §  The Government of Punjab is developing a 1200 MW R-LNG based power project at Bhikki, Sheikhupura through a special purpose company with the name and title of Quaid-e-Azam Thermal Power (Pvt.) Ltd. (QATPL) §  Recently, NEPRA has announced Upfront Tariff for the LNG based power plants 15  
  16. NEW INVESTMENT INITIATIVES (In progress private sector Hydel Projects) (2/4) §  Solicitation of Project Proposals for establishment of: §  80 MW Neckeherdim-Paur Hydropower Project, YarKun River, Chitral Valley, KPK §  350 MW Athmuqam Hydropower Project, Neelum River, AJ&K §  Key Projects requiring support in areas of Equity Participation, EPC Contract, O&M Contract, Electro-Mechanical Equipment Supply and Lending/ Financing: §  640 MW Azad Pattan Hydropower Project, Jehlum River, Sudhnoti, AJ&K §  500 MW Chakothi Hattian Hydropower Project, Jehlum River, Muzaffarabad, AJ&K §  548 MW Kaigah Hydropower Project, Indus River, Kaigah, KPK §  157 MW Madian Hydropower Project, Swat River, Swat, KPK §  215 MW Asrit-Kedam Hydropower Project, Swat River, Kalam, KPK 16  
  17. WAPDA HYDEL PROJECTS (UNDER IMPLEMENTATION) §  969 MW Neelum Jhelum Hydropower Project, Neelum River/ Jhelum River, near Muzaffarabad, AJ&K §  4,320 MW Dasu Hydropower Project, Indus River, District Kohistan, Khyber Pakhtunkhwa §  96 MW Jinnah Hydropower Project, Indus River, District Mianwali, Punjab §  121 MW Allai Khwar Hydropower Project, Indus River, District Battagram, Khyber Pakhtunkhwa §  72 MW Khan Khwar Hydropower Project, Indus River, District Shangla, Khyber Pakhtunkhwa §  130 MW Duber Khwar Hydropower Project, Indus River, District Kohistan , Khyber Pakhtunkhwa §  22 MW Jabban Hydropower Project, Swat River, District Malakand (PATA) Khyber Pakhtunkhwa 17  
  18. INVESTMENT INITIATIVES (Coal based Power Projects) (3/4) §  At present, various local and imported coal based IPPs are under process with PPIB, most of which are being developed under the China Pakistan Economic Corridor (CPEC) §  PPIB, after consultation with the stakeholders, has finalized and shared Security Package Documents with the Sponsors (Implementation and Power Purchase Agreements) §  Moreover, the total potential of Thar is estimated at 175 billion tons of lignite coal which may be sufficient to produce 100,000 MW electricity for 200 years §  NPERA has already announced Upfront Tariff for Indigenous Coal based Projects §  Investors are encouraged to participate in development of power projects based on Coal and also propose new projects based on Coal 18  
  19. PPIB ’s PORTFOLIO OF UPCOMING PRIVATE POWER PROJECTS (IPPs) Hydel Coal Gas Description/ Year Total (MW) No. of Projects MW No. MW No. MW No. 2017 150 1 2,970 3 0 0 3,120 4 2018 0 0 2,640 2 0 0 2,640 2 2019 232 2 1833 4 0 0 2,065 6 2020 1,360 2 0 0 0 0 1,360 2 2021 870 1 0 0 0 0 870 1 2022 2,033 5 0 0 120 1 2,153 6 2023 1,690 2 0 0 0 0 1,690 2 2024 1,088 4 0 0 0 0 1,088 4 2025 80 1 0 0 0 0 80 1 Grand Total 7,503 18 7,443 9 120 1 15,066 28 19  
  20. INVESTMENT INITIATIVES (Transmission Line Projects) (4/4) §  Transmission Line and Allied Infrastructure Projects under the proposed Transmission Line Policy (to be announced shortly) §  List of Transmission System projects to be offered to Private Sector will be prepared by GOP §  Award of Projects through ICB and Upfront Tariff on BOOT basis §  Policy to cover Transmission Line & Grid Station projects of 220 kV voltage level and above (EHVAC & HVDC) §  Land & Legal Right of way to be provided by NTDC §  Project Term: 25 years §  Transmission utility (NTDC) to pay a fixed Transmission Service Charge, regardless of the quantum of energy transmitted §  Exemption from Corporate Income Tax for first ten years including turnover rate tax and withholding tax on imports §  Standardized Security Package (IA & TSA) §  One Window facility by PPIB 20  
  21. POWER GENERATION POLICY 2015 SALIENT FEATURES / INCENTIVES (1/2) §  PPIB /relevant entities in the Provinces / AJK / GB will provide a onewindow facility for implementation of projects under the Policy. §  Exemption from Corporate Income Tax, Turnover Tax, Withholding Tax and Sales Tax, only 5% concessionary Import Duty on plant & equipment not manufactured locally §  GOP Guarantees obligations of power purchaser & provinces §  GOP provides protection against Political Force Majeure, Change in Law and Change in Duties & Taxes §  For Hydro Power Projects; WUC will be paid @ Rs. 0.425/kWh to the province where the project is located. §  Power Purchaser to bear Hydrological Risk for Hydro projects 21  
  22. POWER GENERATION POLICY 2015 SALIENT FEATURES / INCENTIVES (2/2) §  Attractive ROE provided by the Regulator – Imported Coal: 27.3 ; Local Coal: 29.5; Thar Coal: 34.5; Hydro: 17% IRR (23% ROE) ; Gas/LNG: 15% IRR (18% ROE) §  To mitigate high underground geological risk, long construction period and environmental sensitivities following tariff re-openers are provided by NEPRA §  Cost Escalation in Civil and Cost Variation for E&M works §  Resettlement Cost §  Cost variation due to Geological Conditions limited to Tunnel Area §  Tariff indexation for inflation (US CPI & Pak WPI) §  Government ensures conversion of Pak Rupee & remittance of foreign exchange for project-related payments 22  
  24.           Backup  Slides   24  
  25. PPIB ’s PORTFOLIO OF UPCOMING PRIVATE POWER PROJECTS (IPPs) Hydel Coal Gas Description/ Year Total (MW) No. of Projects MW No. MW No. MW No. 2017 150 1 2,970 3 0 0 3,120 4 2018 0 0 2,640 2 0 0 2,640 2 2019 232 2 1833 4 0 0 2,065 6 2020 1,360 2 0 0 0 0 1,360 2 2021 870 1 0 0 0 0 870 1 2022 2,033 5 0 0 120 1 2,153 6 2023 1,690 2 0 0 0 0 1,690 2 2024 1,088 4 0 0 0 0 1,088 4 2025 80 1 0 0 0 0 80 1 Grand Total 7,503 18 7,443 9 120 1 15,066 28
  26. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) Sr.   No. Name  of  the   Project/  Fuel EsQmated   Gross   Project   Investment     Expected   Capacity     Company/   COD   (Million  US (MW) Sponsors   $) Latest  Status  of  the  Project A:  PROJECT  UNDER  CONSTRUCTION:   Patrind   1 Hydropower   Project  -­‐  Hydel Sub  Total 150 362 150 362 Star  Power   •  Project  under  construcQon   Ltd.  (K-­‐Water   Mar-­‐17 •  About  45.52%  construcQon  works  have  been   &  Daewoo)   completed Korea     B:  PROJECT  UNDER  FINANCIAL  CLOSING:   Gulpur  Hydro   2.   Power  Project  –   Hydel 102 323 Sub  Total 102 323 Mira  Power   Ltd.   (KOSEP,   DAELIM,   LOTTE,   SAMBU)   Korea   •  Land  has  been  acquired   •  GOP  ImplementaQon  Agreement  (GOPIA)   executed    and  AJK  ImplementaQon  Agreement   (AJKIA),  Water  Usage  Agreement  (WUA)  and   Power  Purchase  Agreement  (PPA)  iniQaled   Jun-­‐19 •  EPC  contractor  mobilized  for  pre-­‐construcQon   acQviQes   •  EPC  Tariff  under  approval  process  by  NTDC/   NEPRA   •  Project  to  achieve  Financial  Closing  (FC)  by  30th   June  2015
  27. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) Sr.   No. Name  of  the  Project EsQmated   Gross   Investment     Capacity     (Million  US (MW) $) Project   Company/   Sponsors Expected   COD Latest  Status  of  the  Project C:  PRIORITY  PROJECTS  PROCESSED  UNDER  CHINA  PAKISTAN  ECONOMIC  CORRIDOR:   1320  MW  Port  Qasim   3 Power  Project  at  Port   Qasim  –Imported  Coal   1,320 1,914 •  ConstrucQon  acQviQes  are  under  way   •  Land  filling  work  has  been  completed   •  The  Sponsors  approached  NaQonal  Electric   Power  Regulatory  Authority  (NEPRA)  for   acceptance  of  Upfront  Tariff  and  grant  of   GeneraQon  License  on  7th  January  2015  and   18th  August  2014  respecQvely  through  their   newly  incorporated  project  company;  Port   Sinohydro   Resources  Ltd.   Qasim  Electric  Power  Company  (Private)   China  and     Limited   Jun-­‐18 Al-­‐Mirqab   •  Upfront  Tariff  granted  by  NEPRA  on  13th   February  2015   Capital  of  Doha,   •  GeneraQon  License  issued  by  NEPRA  on  3rd   Qatar February  2015   •  LOS  issued  to  the  Sponsors  on  17th  April   2015   •  The  Company  signed  IA  &  PPA  with  PPIB   and  NTDC  respecQvely  on  18th  April  2015   •  The  Sponsors  are  required  to  achieve   Financial  Closing  by  15th  January  2016  
  28. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) Sr.   No. Name  of  the  Project EsQmated   Gross   Investment     Capacity     (Million  US (MW) $) Project   Company/   Sponsors Expected   COD Latest  Status  of  the  Project C:  PRIORITY  PROJECTS  PROCESSED  UNDER  CHINA  PAKISTAN  ECONOMIC  CORRIDOR:   Suki  Kinari  Hydropower   4.   Project  –  Hydel Karot  Hydel  Project  –   5.   Hydel 1,320  MW  Shandong   6 Power  Project  – Imported  Coal   870 720 1,320 1801 •  Land  acquisiQon  at  final  stage   SK  Hydro  Pvt.   •  GOPIA  and  WUA  executed   Ltd.  (Al  Jomaiah   •  EPC  Tariff  approved  by  NEPRA   Holding  LLC   Sep-­‐21 •  PPA  and  IA  signed   Saudi  Arabia  &   •  Project  to  achieve  FC  by  15th  September   Haseeb  Khan  &   2015 Co.  Pakistan) 1420 Karot  Power   Company  Ltd.   (China  Three   Gorges,  CWEI,   ATL) •  Land  acquisiQon  under  process   •  EPC  contractor  selecQon  by  February  2015   •  NegoQaQon  on  Project  Agreements             commenced  in  October  2014   Jun-­‐20 •  Project  to  achieve  Financial  Closing  by   August  2016 •  PPIB  is  trying  and  facilitaQng  Sponsors  to   achieve  FC  before  scheduled  date   1,914 Huaneng   Shandong  Ruyi   (Pak)  Energy   (Pvt)  Ltd   Mar-­‐18 •  The  Project  is  required  to  achieve  Financial   Closing  by  31st  December  2015  
  29. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) Sr.   No.   Name  of  the   Project Gross   EsQmated   Project   Expected   Capacity     Investment     Company/   COD (MW) (Million  US$) Sponsors Latest  Status  of  the  Project C:  PRIORITY  PROJECTS  PROCESSED  UNDER  CHINA  PAKISTAN  ECONOMIC  CORRIDOR:   1,320  MW   Shanghai  Electric   7 Power  Project  at   1,320 Thar  Block  I,  Sindh   –Thar  Coal   1,914 Shanghai   Electric   Group   Company   Limited   Engro   Powergen   Limited 660  MW  Engro   Powergen  Project   8   at  Thar  Block  -­‐  II,   Sindh  –Thar  Coal   660 957 Sub  Total 6,290   9,779 •  The  Sponsors  submimed  their  proposal  on  24th   March  2015.  The  proposal  has  been  declared   responsive  by  PPIB’s  consultant   •  Currently,  the  process  for  issuance  of  NTP/  LOI  has   been  iniQated   Dec-­‐17 •  The  Sponsor  signed  equity  investment  agreement   with  China  Coal  Technology  and  Engg.  Group  Corp.   and  Joint  Venture  Agreement  with  Shanghai  Electric   Group  Company  Limited  during  the  visit  of  the   Chinese  President  to  Pakistan   •  NEPRA  has  announced  upfront  tariff  for  the   Project  and  has  granted  generaQon  license.  LOS  was   issued  by  PPIB  on  17th  April  2015  and  the  Company   signed  its  IA  &  PPA  with  PPIB  and  NTDC  respecQvely   on  4th  May  2015   Feb-­‐19 •  The  Project  has  also  submimed  its  consent  for   opQng  Power  GeneraQon  Policy  2015   •  The  Sponsors  signed  term  sheets  for  financing  of   the  Power  Project  and  Coal  Mine  with  China   Development  Bank  CorporaQon  during  the  visit  of   the  Chinese  President  to  Pakistan      
  30. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) Sr.   No.   Name  of  the  Project EsQmated   Gross   Investment     Project  Company/   Expected   Capacity     Sponsors COD (Million  US (MW) $) Latest  Status  of  the  Project D:  ACTIVELY  PROMOTED  PROJECTS  UNDER  CHINA  PAKISTAN  ECONOMIC  CORRIDOR:   330  MW  Salt  Range   Power  Project  at  Pind   9 Dadan  Khan,  Punjab  – local  Coal     330   480   HUBCO  Imported  Coal   10   based  power  project  – Imported  Coal   1,320 1914   Kohala  Hydropower   11   Project  –  Hydel 1100 2397 2,750   4,746 Sub  Total China  Machinery   •  On  5th  June  2015,  PPIB  issued  extension   Engineering   Dec-­‐17   to  the  term  of  the  LOI  Qll  19th  August   CorporaQon  (CMEC)   2015   •  The  Sponsors  have  submimed  their   formal  proposal  to  PPIB  which  is  currently   under  evaluaQon   HUBCO Dec-­‐17 •  Subject  to  successful  evaluaQon  of  the   proposal,  NoQce  to  Proceed  would  be   issued  to  HUBCO  by  the  end  of  June  2015 •  Feasibility  Study  (Stage-­‐1)  Tariff  has   been  approved  by  NEPRA   •  Land  acquisiQon  process  has  been   iniQated   CWE  Investment/   •  FormaQon  of  SPV,  Replacement  of  Main   China  Three  Gorges   Dec-­‐23 Sponsor  due  to  corporate  restructuring  of   Corp.,  China CTG,  reimbursement  of  Feasibility  study   cost  to  WAPDA  are  in  process.  LOS  will  be   issued  aoer  fulfilment  of  pre-­‐requisites  by   Sponsors      
  31. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) Sr.   No.   Name  of  the  Project EsQmated   Gross   Project   Investment     Expected   Capacity     Company/   COD (Million  US (MW) Sponsors $) Latest  Status  of  the  Project E:  OTHER  COAL  PROJECTS: 660  MW  Imported  Coal   Based  Independent   12 Power  GeneraQon   Project  at  Port  Qasim,   Karachi  –Imported  Coal   660 957   Lucky   Electric   Power   Company   Limited   •  PPIB  issued  LOI  to  the  Sponsors  on  15th   February  2015.     •  The  Sponsors  have  reportedly  approached   Siddiqsons   Mar-­‐19 Limited NaQonal  Electric  Power  Regulatory  Authority   (NEPRA)  for  acceptance  of  Upfront  Tariff  and   grant  of  GeneraQon  License  . 350  MW  Imported  Coal   Based  Independent   13   Power  GeneraQon   Project  at  Port  Qasim,   Karachi  –Imported  Coal   350 508 Sub  Total 1,010   1,465 •  Aoer  compleQon  of  necessary  formaliQes,  LOS   Oct-­‐19 to  Lucky  issued  on  June  8,  2015  with  Financial   Close  (FC)  deadline  of  June  7,  2016  
  32. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) Sr.   No.   Name  of  the  Project EsQmated   Gross   Project   Investment     Expected   Capacity     Company/   COD (Million  US (MW) Sponsors $) Latest  Status  of  the  Project F:  PROJECTS  UNDER  LOS/  TARIFF  DETERMINATION/  NEGOTIATION: Grange  Holdings  Power   Project  –  Converted   14 from  RFO  to  Imported   Coal   Sehra  Hydel  Project  –   15   Hydel 163 130 218   344 Grange   Power   Limited/   Grange   Holdings   Limited   •  Upon  proposal  of  NTDC,  the  PPIB  Board  in  its   meeQng  held  on  2nd  July  2014  approved   conversion  of  the  project  from  RFO  to  coal  in   order  to  reduce  the  cost  of  generaQon.     •  On  7th  November  2014,  NTDC  submimed  its   acceptance  w.r.t.  technical  details  of  coal-­‐fired   power  plant  provided  by  GPL  as  well  as  drao   Semlement  Agreement  (SA)  and  LOI   •  On  14th  November  2014,  PPIB  executed  SA  and   Jan-­‐19 LoI  with  GPL  for  a  150  MW  (Net)  Coal-­‐based  IPP   near  Arifwala   •  NEPRA  has  determined  tariff  on  13th  February   2015   •  Aoer  compleQon  of  required  formaliQes,  new   LOS  has  been  on  30th  March  2015  to  the  project   based  on  imported  coal  with  the  Financial  Close   deadline  of  30th  December  2015  and  COD   deadline  of  30th  January  2019   •  Approval  of  EPC  stage  tariff  by  NEPRA  is  under   Farab   process   Energy  &   Dec-­‐19 •  Due  to  Parnai  HPP  in  Occupied  Kashmir,   Water,  Iran   hydrology  of  this  project  may  be  affected
  33. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) Sr.   No.   Name  of  the  Project EsQmated   Gross   Investment     Project  Company/   Expected   Capacity     Sponsors COD (Million  US (MW) $) Latest  Status  of  the  Project F:  PROJECTS  UNDER  LOS/  TARIFF  DETERMINATION/  NEGOTIATION: Azad  Paman   16 Hydropower  Project  –   Hydel Chakothi-­‐Hapan   17   Project  –  Hydel Sub  Total 640 1354 500 1092 1,433   3,008 •    Feasibility  stage  tariff  approved  by   NEPRA  on  16th  October  2014     •  However,  Sponsors  filed  another  review   peQQon  to  NEPRA  for  enhancement  of   IRR  for  Hydropower  projects  to  20%  in   light  of  assurance  given  by  NEPRA  in  Asad   Umar  review  decision  in  January  2015,   Alamgir  Power  Pvt.   Jun-­‐20 Limited,  Pakistan and  the  same  is  under  consideraQon  by   NEPRA   •  Project  land  acquisiQon  and  survey  for   land  required  upto  reservoir  at  AJ&K  side   has  been  completed   •  The  company  has  iniQated  acQviQes   related  to  CDM  registraQon Suhail  Jute  Mills   Ltd.,  Pakistan •    Feasibility  stage  tariff  review  approved   by  NEPRA  on  16th  October  2014     Dec-­‐22 •  However,  Sponsors  approached  Court   of  Law  against  tariff  approval  by  NEPRA     •  Currently,  the  mamer  is  sub  judice    
  34. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) EsQmated   Gross   Sr.   Name  of  the  Project Capacity    Investment    Project  Company/   Expected   Sponsors COD (Million  US No.   (MW) $) Latest  Status  of  the  Project G:  PROJECTS  AT  FEASIBILITY  STUDY/  LOI  STAGE:   Kaigah  Hydel  Project   18 -­‐  Hydel 19 Madian  Hydropower     Project  -­‐  Hydel Asrit-­‐Kedam   20 Hydropower  Project  -­‐   Hydel 21 Mahl  Hydropower   Project  -­‐  Hydel Sub  Total 548 1564 Assmandal  Trading   •  Feasibility  Study  completed   Agency,  UAE   Dec-­‐24 •  Sponsors  are  in  process  of  submission  of   M/s  ATL  Pakistan feasibility  level  tariff  to  NEPRA •  Feasibility  study  completed     •  Progress  is  slow  due  to  Law  &  Order   Dec-­‐22 situaQon  in  past  in  the  vicinity  of  Project  Area   and  its  percepQon  internaQonally   438 Cherat  Cement,   Pakistan 405 •  Feasibility  study  completed   •  Progress  is  slow  due  to  Law  &  Order   Younas  Brothers,   Dec-­‐22 Pakistan situaQon  in  past  in  the  vicinity  of  Project  Area   and  its  percepQon  internaQonally   590 885 •  Feasibility  Study  is  in  progress.  First  meeQng   of  POE  was  held  on  21st  January  2015     •  Consultants  following  recommendaQons  of   CWE  Investment/   China  Three  Gorges   Dec-­‐23 POE  are  conducQng  surveys/  invesQgaQons   Corp.,  China   for  finding  more  alternaQves  of  dam  site   locaQon.  The  IncepQon  Report  and  Report  on   Dam  Site  has  been  submimed   1,510 3,292 157 215    
  35. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) EsQmated   Gross   Sr.   Name  of  the  Project Capacity    Investment    Project  Company/   Expected   Sponsors COD (Million  US No.   (MW) $) Latest  Status  of  the  Project H:  PROJECTS  AT  EARLY  DEVELOPMENT  STAGE: Kandra  Power  Project   22   -­‐  low  BTU  gas  +   pipeline  quality  gas 120 90   Lower  Palas  Valley   23   Hydropower  Project   –  Hydel 665 1159   Lower  Spat  Gah   24 Hydropower  Project   –  Hydel 496 1057 Sub  Total 1,281   2,306   •  Project  is  based  on  both  pipeline  quality  gas   and  low  BTU  gas  from  a  dedicated  gas  field   Petroleum   Dec-­‐22 •  LOS  not  issued  due  to  the  non-­‐allocaQon  of   ExploraQon  Ltd.   pipeline  quality  gas  required  for  commingling   with  low  BTU  Kandra  gas •  Project  under  implementaQon  under  Public   Govt  of  Khyber   Private  Partnership  (PPP)  mode   Pakhtunkhwa,   •  MOU  signed  in  this  respect  has  expired     WAPDA  and   Dec-­‐22 •  Presently  WAPDA  and  GoKP  (Public   K-­‐Water  &  Daewoo   ConsorQum  Partners)  are  reviewing  and   Engineering  of   making  deliberaQon  on  way  forward  for   Korea   implementaQon  of  the  project   Korea  Midland   •  Project  under  implementaQon  under  Public   Power  Co.  Ltd  and   Private  Partnership  (PPP)  mode   POSCO  Engineering     Dec-­‐22 •  MOU  signed  in  this  respect  has  expired        Co.  Ltd  (KOMIPO   •  Sponsors’  request  for  extension  of  the   ConsorQum)  Korea MOU  is  under  review  by  GoKP  and  WAPDA      
  36. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) Sr.   No. Name  of  the  Project Gross   EsQmated   Expected   Capacity     Investment     COD (MW) (Million  US$) Latest  Status  of  the  Project I:  PROJECTS  AT  ADVERTISEMENT/  PROPOSAL  STAGE:   25 Athmuqam  Hydropower   Project  -­‐  Hydel Turtonas-­‐Uzghor   26 Hydropower  Project  -­‐   Hydel Neckeherdm-­‐Paur   27 Hydropower  Project  -­‐   Hydel 350 58 80 525 •  PPIB  invited  EOI  for  the  development  of  the   project   •  No  proposal  received   Dec-­‐24 •  PPIB  Board  has  advised  for  re-­‐adverQsement     •  As  per  PPIB  Board's  advice,  EOI  will  be  re-­‐invited  in   near  future 87 •  PPIB  invited  EOI  for  the  development  of  the   project Dec-­‐24 •  Proposals  received  are  under  evaluaQon  by  an   independent  consultant 120 •  PPIB  invited  EOI  for  the  development  of  the   project   Dec-­‐25 •  No  proposal  received.     •  The  project  will  be  re-­‐adverQsed  through  Press  in   future
  37. PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB) Sr.   No. 28   Name  of  the  Project Rajdhani  Hydropower   Project  -­‐  Hydel Sub  Total Gross   EsQmated   Expected   Capacity     Investment     COD (MW) (Million  US$) 132 198 720 1,080 Latest  Status  of  the  Project •  Following  decision  of  95th  Board  meeQng  dated  5th   March  2014;  PPIB  invited  EOI  for  the  development   of  the  project   •  EvaluaQon  of  proposals  completed  by  Consultant   •  AJK  PDO  Board  on  4th  July  2014  revived  the   cancelled  LOS  aoer  lapse  of  about  2  years   •  Aoerwards,  PPIB  through  its  lemer  dated  12th   September  2014,  Ministry  of  Water  &  Power   through  lemer  dated  5th  November  2014  and  AJ&K   Council’s  through  lemer  dated  11th  November  2014   requested  AJK  PDO  Board  for  reconsideraQon/   resoluQon  of  the  mamer  in  accordance  with  law  and   Dec-­‐24 policy.  However,  AJK  PDO  Board  in  its  meeQng   dated  5th  December  2014  maintained  its  previous   decision  for  extension/  revival  of  the  LOS   •  PPIB  Board  was  updated  about  the  mamer  in  its   99th  meeQng  dated  15th  December  2014,  and  in  this   regard  “the  Board  advised  PPIB  to  get  in  touch  with   the  Chief  Secretary  AJ&K,  as  a  first  step.  However,  if   things  do  not  move  further,  the  maHer  should  be  put   forth  before  the  AJ&K  Council”.    Accordingly,  Chief   Secretary  AJK  has  been  requested  to  provide   comments  on  issue  of  Project  development.   Response  of  the  same  is  being  awaited.      
  38. Commissioned IPPs Sr .   Name  of  Project No. Project  privaQzed  from  public  sector KAPCO,  Muzaffargarh     1 (privaQzed  from  public  sector)*   Sub  Total Project  prior  to  1994  Power  Policy LocaQon Fuel COD  achieved   on 1638 1,583.00 1,638 1,583 HSFO,  Gas   and  HSD   1292 1,608.10 RFO 31/Mar/1997 1,292 1,608     136 138.00 RFO 03/Nov/1997 131 138.68 RFO 20/Jun/1997 126 129.70 RFO 20/Jun/1997 362 344.00 RFO 06/Nov/1997 365 364.30 RFO 01/Feb/1998 Raiwind  Lahore,  Punjab 136 141.71 RFO 12/Jul/1999 9 Habibullah  Coastal,  Quema Quema 140 155.52 Gas 11/Sep/1999 10 Fauji  Kabirwala  Co.,  Multan Kabirwala,  District   Khanewal 157 170.00 Gas 21/Oct/1999 2 Hub  Power  Project,  Hub Kot  Addu  District   Muzaffargarh,  Punjab Capacity   Investment   (MW) (M  US$) Tehsil  Hub,  District   Lasbela,  Baloshistan Sub  Total Projects  under  1994  Power  Policy 3 Gul  Ahmed  Energy  Ltd.,  Karachi 4 Kohinoor  Energy  Ltd.,  Lahore 5 Tapal  Energy  Ltd.,  Karachi 6 AES  Lalpir  Ltd.,  Multan 7 AES  Pak  Gen,    Multan 8 Southern  Electric  Co.,  Lahore Korangi  Industrial   Township,  Karachi Raiwind-­‐Manga  Road;   Near  Lahore District  West,    Karachi Mehmood  Kot,   Muzaffargarh,  Punjab Mehmood  Kot,   Muzaffargarh,  Punjab Jun/1996  
  39. Commissioned IPPs Sr .   No. Name  of  Project 11 Saba  Power  Company,  Lahore 12 Rousch  Power,  Multan 13 Japan  Power  GeneraQon,  Lahore 14 Uch  Power  Ltd.,  Uch LocaQon Farouqabad,  Shiekhupura,   Punjab Abdul  Hakeem  Barrage,   District  Khanewal 17  km  Jia  Bagga,  Off  Raiwind   Road,  Lahore Dera  Murad  Jamali,  District   Nasirabad,  Balochistan Capacity   (MW) Investment   (M  US$) Fuel COD  achieved  on 125 152.39 RFO 31/Dec/1999 450 540.32 Gas 11/Dec/1999 135 123.24 RFO 14/Mar/2000 586 690.50 Gas 18/Oct/2000 Fateh  Jang,  Amock 29 9.16 Gas 6-­‐Jun-­‐2001   (Phase-­‐I)   20-­‐Sept-­‐08   (Phase-­‐II) 16 TNB  Liberty  Power  Ltd.,  Dharki Daharki,  Dism.  Ghotki,  Sindh 235 381.17 Gas 10/Sep/2001 17 Davis  Energen  Power  Ltd.,  Jhang   Jhang  Toba-­‐Tek  Singh  Road,   district  Jhang 10.5 10.80 Gas 13/Jul/2013 3,124   3,489       84 215.00 Hydro 23/Mar/2013 84 215     Rawalpindi,  Punjab 165 176.62 LSFO 17/Mar/2009 Sheikhupura,  Punjab 225 227.00 RFO 18/Dec/2009 Qadirpur,  Sindh 227 188.54 Gas 27/Mar/2010 15 Altern  Energy  Ltd,  Amock Sub  Total Project  under  1995  Hydel  Policy 18 New  Bong  Escape  Hydropower  Project 7.5  km  Downstream  Mangla   Dam,  Azad  Jammu  &   Kashmir Sub  Total Projects  under  2002  Power  Policy 19 AmockGen  Power  Project 20 Sheikhupura  (Atlas)  Power  Project 21 Engro  Power  Project
  40. Commissioned IPPs Sr .   No. LocaQon Capacity   (MW) Investment   (M  US$) 22 Sahiwal  (Saif)  Power  Project Sahiwal,  Punjab 229 246.87 23 Orient  Power  Project Balloki,  Punjab 229 190.17 24 Nishat  Power  Project Near  Lahore,  Punjab 200 234.99 RFO 09/Jun/2010 25 Nishat  Chunian  Power  Project Near  Lahore,  Punjab 200 237.41 RFO 21/Jul/2010 Muridke,  Punjab 225 244.88 Dual  (Gas +HSD) 05/Oct/2010 Near  Faisalabad,  Punjab 200 241.06 RFO 13/Jan/2011 Narowal,  Punjab 220 288.00 RFO 22/Apr/2011 29 FoundaQon  Power  Project Daharki,  Sindh 185 217.00 Gas 16/May/2011 30 Bhikki  (Halmore)  Power  Project Bhikki,  Punjab 225 261.00 Dual  (Gas +HSD) 25/Jun/2011 Dera  Murad  Jamali,   Balochistan   404 494.00 Gas 04/Apr/2014 Sub  Total 2,934   3,248       Grand Total 9,072 10,143   Name  of  Project 26 Muridke  (Sapphire)  Power  Project 27 Liberty  Power  Tech  Project 28 HUBCO-­‐Narowal  Project 31 Uch-­‐II  Power  Project Fuel Dual  (Gas +HSD) Dual  (Gas +HSD) COD  achieved  on 30/Apr/2010 24/May/2010