Skip to main content

Nepra to announce tariffs for Gwadar’s coal-fired power project

Nepra to announce tariffs for Gwadar’s coal-fired power project


Karachi: National Electric Power Regulatory Authority (Nepra) is expected to announce tariffs for Gwadar’s first coal-fired power project of 300 megawatts by the end of this month, it was learnt on Thursday.

CIHC Pak Power Company is developing the power project based on imported coal under the China-Pakistan Economic Corridor (CPEC).

Nepra convened a meeting on April 24 to consider the tariff petition of CIHC Pak Power Company for the proposed 300MW coal-fired power plant.

CIHC demanded Rs8.9 tariff for 30 years since the start of the project. Nepra would consider whether or not the engineering, procurement and construction cost of $369.89 million has been achieved through transparent and competitive bidding process, and is justified.

The authority will also discuss capital expenditure of $117.25 million, requested return on equity of 17 percent and requested premium on Karachi interbank offered rate.

The hearing will also take up whether or not the proposed fuel cost component and delivered coal price of $101.8/ton is justified. An official said Gwadar’s deepwater port and its

surrounding areas have become a major part of CPEC.

Gwadar’s strategic position will attract several industrial projects, which in turn will have significant power requirements.

Currently, Gwadar depends on approximately 70MW of imported power from Iran. Of that, approximately 14MW is allocated to Gwadar, while Makran coastal region utilises the remaining 56MW.

Moreover, there is no interconnection point in or close to Gwadar for the national grid. Instead there is a relatively independent grid that connects Gwadar, Turbat, Panjgur and Pasni.

The joint cooperation committee (JCC) for CPEC decided a 300 MW imported coal-fired power project must be developed on fast track basis at the port city keeping in view the strategic importance of the port city to the corridor.

The JCC nominated China Communications and Construction Company or its nominated subsidiary to immediately undertake the development


Popular posts from this blog

Balochistan to establish first medical university

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

5 Shia Hazara community members gunned down in Pakistan

Five members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.This is not the first time that members of the Hazara community have been targeted in Quetta and other parts of Balochistan.(Reuters File Photo)Updated: Sep 11, 2017 00:20 ISTBy Press Trust of India, Press Trust of India, KarachiFive members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.The gunmen targeted a car in Kuchluck area of Quetta while it was coming from the Chaman border crossing area, police said.The firing took place when the travellers had stopped at a filling station to refuel their vehicle. Five people of the Shia Hazara community, including two women, died in …

China’s 'Digital Silk Road': Pitfalls Among High Hopes

Will information and communication technologies help China realize its Digital Silk Road?By Wenyuan WuNovember 03, 2017In his speech at the opening ceremony of China’s 19th Party Congress, President Xi Jinping depicted China as a model of scientific and harmonious development for developing nations. Xi’s China wants to engage the world through commerce but also through environmental protection and technological advancement. This includes Beijing’s efforts to fight climate change with information and communication technologies (ICTs) that it plans to export along its “One Belt One Road” initiative (OBOR). Xi may have ambitious plans, but could China be throwing up obstacles in its own way?In his speech, the Chinese president emphasized the need to modernize the country’s environmental protections. The Chinese state is taking an “ecological civilization” approach to development and diplomacy, with a natio…