Investor Presentaiton slide image

Investor Presentaiton

ANNUAL REPORT P Private Power and Infrastructure Board ANNUAL REPORT Private Power and Infrastructure Board As envisioned by the GoP, this initiative rightly served the purpose and as an outcome, three mega imported coal based plants namely Sahiwal, Port Qasim and Hub Power were inducted into the system within the average period of less than 4 years. Progress journey of these mega projects under the efficient and vigorous facilitation by PPIB starting from issuance of LOI to commissioning is illustrated as follows: Project Name Date of LOI Date of LOS Date of FC Date of COD Total Time (Months) Sahiwal 21.05.2014 17.04.2015 31.03.2017 28.10.2017 41 Port Qasim 21.05.2014 17.04.2015 22.12.2015 25.04.2018 47 CPHGC 29.06.2015 12.04.2016 26.01.2018 17.08.2019 50 Average (months) 46 The fourth and last imported coal based power generation project which was conceived under CPEC is 300 MW Gwadar Project which holds strategic importance for Pakistan due to its location in the port city of Gwadar which is turning out to be a gateway to progress and prosperity of not only Pakistan but the entire region. The establishment of Gwadar Project is crucial to make Gwadar self-sufficient in electricity, as it is currently relying on the 100 MW imported electricity from Iran. It will not only deliver 300 MW to the system but will also be instrumental in flourishing economic activities in Gwadar which features heavily in CPEC and envisages to be a crucial link between the One Belt One Road and Maritime Silk Road Project. After determination of tariff by NEPRA, Letter of Support (LOS) was issued to the Project on 23rd August 2019 after which the project was formally inaugurated on 4th November 2019 in Gwadar. The inauguration ceremony was attended by Senate Chairman Sadiq Sanjrani, senior officials of GoP including Power Division, Planning Division, PPIB and the members of high level Chinese delegation. The project encountered delays on part of tariff determination, land acquisition, signing of PPA, grid interconnection & transmission infrastructure issues which took long time in settling. Such delays were beyond the reasonable control of project company/sponsors. Accordingly, PPIB as facilitator played its due role, and with the combined efforts and support of all concerned stakeholders, such issues were settled amicably and the project was put back on the track of development. However, the COVID-19 challenge is feared to impact on the development of project. Nevertheless, efforts are in progress to evade this natural calamity with little or no damage. It goes without saying that imported coal plants have proved useful in bringing in the required technology in the country, thus working as a catalyst to develop local coal based projects. Furthermore, they have built the capacity of native human capital of the country for managing Thar coal supply chain and its utilization for power generation in future. The imported coal plants are equipped with super critical technology with state of the art intervention systems, which ensure mitigation of hazardous coal emissions like NOx and SOx while adhering to strict criterion set by World Bank and achieving values much below the local National Environmental Quality Standard. In addition to imported Coal based Projects, RLNG projects were also conceived for providing relief to the electricity starved system within a quickest possible time frame. In this regard, initially, three mega projects were planned namely, 1,180 MW Bhikki, 1,223 MW Balloki and 1,230 MW Haveli Bahadur Shah, all located closer to the load centers. The Government of Punjab decided to develop 1,180 MW Bhikki Power Project in Bhikki, District Sheikhupura through its own budget and accordingly established Quaid-e-Azam Thermal Power (Pvt) Limited (QATPL) while 1,223 MW Balloki and 1,230 MW Haveli Bahadur Shah Projects were undertaken by the Government of Pakistan through a SPV National Power Parks Management Company Limited (NPPMCL). PPIB processed these federal and provincial government funded projects in IPP mode under the provisions of Power Generation Policy 2015. Later, due to slippages in timelines of some advance stage projects which otherwise were scheduled to come on line during 2017-18 (mainly Neelum Jhelum hydropower project), the GoP decided to launch 91 92 92
View entire presentation