OVERVIEW OF PAKISTAN POWER
SECTOR AND ROLE OF IPPs
Shah Jahan Mirza
Managing Director
PRIVATE POWER & INFRASTRUCTURE BOARD
September 30, 2015
1
CONTENTS

Overview of Pakistan’s Power Sector (PPS)

Plans to Enhance Power Generation Capacity and Allied
Infrastructure

PPIB – A One-Window Facilitator

IPP Model being executed by PPIB

Private Power Projects in Operation

Investment Initiatives

Salient Features/ Incentives under Power Policy 2015
2
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
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 Transmission Network is required to evacuate power from upcoming
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.
4
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
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 Statistics – 39th Issue
6
Public Sector
Thermal, 5458,
22%
24,953 MW
PAKISTAN ENERGY MIX VERSUS WORLD ENERGY MIX
7
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 $15 billion

The government is looking towards private sector to bring additional
generation on coal, hydro and renewable energy on fast track basis

In order to encourage private sector, the government has been issuing
various policies/ guidelines from time to time in the past at both federal
and provincial levels
8
PLANS TO ENHANCE POWER GENERATION
CAPACITY AND ALLIED INFRASTRUCTURE

The Present Government is striving hard to overcome the ongoing power
crisis which has adversely impacted the National Economy.

A number of initiatives are in progress to enhance generation capacity of the
system, including power plants based on coal, hydel, gas and renewable
resources, both in public as well as private sector.

The GoP has recently approved Power Generation Policy 2015 which
provides attractive incentives for private investors

Extensive networks of high voltage transmission lines and grid stations are
being developed to evacuate power from upcoming mega coal and hydel
projects to be located southern and northern part of country.

The GoP has approved Private Transmission Line Policy for allocating
private investment in high voltage transmission lines
9
PPIB - A ONE WINDOW FACILITATOR

Created in August 1994 as a one-window facilitator on behalf of GOP, its
Ministries/ Departments to promote private investments in power sector

Received statutory status on 6th March 2012 by an Act of the Parliament

Approves IPPs and executes Implementation Agreements and provides GOP
guarantees on the name of President of Pakistan


Facilitates IPPs in executing PPA, FSA/GSA WUA with relevant GOP agencies
Coordinates/ Liaisons with local and international multilateral development/
Financial Institutions

Out of a total of 31 IPPs, PPIB managed to induct 29 (IPPs) totaling 6,142 MW
with an investment of around US$ 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
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
Tripartite 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/ Generation
Licence
NTDC
Transmission
Licence
NEPRA
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
PRIVATE SECTOR PROJECTS IN OPERATION
AZAD JAMMU & KASHMIR
New Bong Escape Hydropower Project
84
Mar 2013
Altern Energy Ltd, Attock
Japan Power Generation, 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
Attock 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 Generation 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
Tot. Capacity: 9,072 MW
PUNJAB
BALOCHISTAN
Hub Power Project, Hub
Uch Power Ltd., Uch
Habibullah Coastal, Quetta
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
Foundation Power Co. (Daharki) Ltd.
185
May 2011
SINDH
13
INVESTORS AND LENDERS PARTICIPATING
IN PRIVATE POWER PROJECTS
INVESTORS
Local












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














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
 Habib Bank Ltd.
 United Bank Ltd.
 Muslim Commercial Bank
 Allied Bank Ltd.
 Askari Bank Ltd.
 Faysal Bank Ltd.
 Meezan Bank Ltd.
 Bank Al Habib
 Habib Metropolitan Bank
Ltd.
 The Bank of Punjab
 Soneri Bank Ltd.
 NIB Bank Ltd.
 Pak Oman Investment Co.
 Pak China Investment Co.
 Saudi Pak Industrial and
Agricultural Investment
Co.

14
Foreign
IFC
 World Bank
 ADB
 IDB
 US Exim Bank
 AIDEC
 CDC (UK)
 EDC (UK)
 SACHE (Italy)
 ANZ Banking Group
(Australia)
 ABN Amro Bank
 Jexim (Japan)
 Bank of Tokyo Mitsubishi
 Toronto-Dominion Bank
 DEG (Germany)
 EMO (Netherlands)
 PROPARCO (France)
 SWEDFUND (Sweden)
 K-EXIM

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
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
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
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
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
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
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
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
Backup Slides
24
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
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Sr.
No.
Name of the
Project/ Fuel
Estimated
Gross
Project
Investment
Expected
Capacity
Company/
(Million
COD
(MW)
Sponsors
US$)
Latest Status of the Project
A: PROJECT UNDER CONSTRUCTION:
Patrind
1 Hydropower
Project - Hydel
Sub Total
150
362
150
362
Star Power
Ltd. (K-Water
& Daewoo)
Korea
• Project under construction
Mar-17 • About 45.52% construction works have been
completed
Mira Power
Ltd.
(KOSEP,
DAELIM,
LOTTE,
SAMBU)
Korea
• Land has been acquired
• GOP Implementation Agreement (GOPIA)
executed and AJK Implementation Agreement
(AJKIA), Water Usage Agreement (WUA) and Power
Purchase Agreement (PPA) initialed
Jun-19 • EPC contractor mobilized for pre-construction
activities
• EPC Tariff under approval process by NTDC/
NEPRA
• Project to achieve Financial Closing (FC) by 30th
June 2015
B: PROJECT UNDER FINANCIAL CLOSING:
Gulpur Hydro
2. Power Project –
Hydel
Sub Total
102
323
102
323
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Sr.
No.
Name of the Project
Estimated
Gross
Investment
Capacity
(Million
(MW)
US$)
Project
Company/
Sponsors
Expected
COD
Latest Status of the Project
C: PRIORITY PROJECTS PROCESSED UNDER CHINA PAKISTAN ECONOMIC CORRIDOR:
1320 MW Port Qasim
3 Power Project at Port
Qasim –Imported Coal
1,320
1,914
Sinohydro
Resources Ltd.
China and
Al-Mirqab
Capital of Doha,
Qatar
• Construction activities are under way
• Land filling work has been completed
• The Sponsors approached National Electric
Power Regulatory Authority (NEPRA) for
acceptance of Upfront Tariff and grant of
Generation License on 7th January 2015 and
18th August 2014 respectively through their
newly incorporated project company; Port
Qasim Electric Power Company (Private)
Limited
Jun-18
• Upfront Tariff granted by NEPRA on 13th
February 2015
• Generation License issued by NEPRA on 3rd
February 2015
• LOS issued to the Sponsors on 17th April
2015
• The Company signed IA & PPA with PPIB
and NTDC respectively on 18th April 2015
• The Sponsors are required to achieve
Financial Closing by 15th January 2016
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Sr.
No.
Name of the Project
Estimated
Gross
Investment
Capacity
(Million
(MW)
US$)
Project
Company/
Sponsors
Expected
COD
Latest Status of the Project
C: PRIORITY PROJECTS PROCESSED UNDER CHINA PAKISTAN ECONOMIC CORRIDOR:
4.
5.
Suki Kinari Hydropower
Project – Hydel
Karot Hydel Project –
Hydel
1,320 MW Shandong
6 Power Project –
Imported Coal
870
720
1,320
SK Hydro Pvt.
Ltd. (Al Jomaiah
Holding LLC
Saudi Arabia &
Haseeb Khan &
Co. Pakistan)
• Land acquisition at final stage
• GOPIA and WUA executed
• EPC Tariff approved by NEPRA
Sep-21
• PPA and IA signed
• Project to achieve FC by 15th September
2015
1420
Karot Power
Company Ltd.
(China Three
Gorges, CWEI,
ATL)
• Land acquisition under process
• EPC contractor selection by February 2015
• Negotiation on Project Agreements
commenced in October 2014
Jun-20
• Project to achieve Financial Closing by
August 2016
• PPIB is trying and facilitating Sponsors to
achieve FC before scheduled date
1,914
Huaneng
Shandong Ruyi
(Pak) Energy
(Pvt) Ltd
Mar-18
1801
• The Project is required to achieve Financial
Closing by 31st December 2015
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Sr.
No.
Name of the
Project
Gross
Estimated
Project
Expected
Capacity Investment Company/
COD
(MW) (Million US$) Sponsors
Latest Status of the Project
C: PRIORITY PROJECTS PROCESSED UNDER CHINA PAKISTAN ECONOMIC CORRIDOR:
1,320 MW
Shanghai Electric
7 Power Project at
1,320
Thar Block I, Sindh
–Thar Coal
1,914
Shanghai
Electric
Group
Company
Limited
Engro
Powergen
Limited
660 MW Engro
Powergen Project
8
at Thar Block - II,
Sindh –Thar Coal
660
957
Sub Total
6,290
9,779
• The Sponsors submitted their proposal on 24th
March 2015. The proposal has been declared
responsive by PPIB’s consultant
• Currently, the process for issuance of NTP/ LOI has
been initiated
Dec-17
• The Sponsor signed equity investment agreement
with China Coal Technology and Engg. Group Corp.
and Joint Venture Agreement with Shanghai Electric
Group Company Limited during the visit of the
Chinese President to Pakistan
• NEPRA has announced upfront tariff for the
Project and has granted generation license. LOS was
issued by PPIB on 17th April 2015 and the Company
signed its IA & PPA with PPIB and NTDC respectively
on 4th May 2015
Feb-19 • The Project has also submitted its consent for
opting Power Generation Policy 2015
• The Sponsors signed term sheets for financing of
the Power Project and Coal Mine with China
Development Bank Corporation during the visit of
the Chinese President to Pakistan
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Sr.
No.
Name of the Project
Estimated
Gross
Investment Project Company/ Expected
Capacity
(Million
Sponsors
COD
(MW)
US$)
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
Project – Hydel
1100
2397
Sub Total
2,750
4,746
11
China Machinery
Engineering
Corporation
(CMEC)
• On 5th June 2015, PPIB issued extension
Dec-17 to the term of the LOI till 19th August
2015
• The Sponsors have submitted their
formal proposal to PPIB which is currently
under evaluation
HUBCO
Dec-17
• Subject to successful evaluation of the
proposal, Notice to Proceed would be
issued to HUBCO by the end of June 2015
• Feasibility Study (Stage-1) Tariff has
been approved by NEPRA
• Land acquisition process has been
initiated
CWE Investment/
• Formation 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 after fulfilment of pre-requisites by
Sponsors
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Sr.
No.
Name of the Project
Estimated
Gross
Project
Investment
Expected
Capacity
Company/
(Million
COD
(MW)
Sponsors
US$)
Latest Status of the Project
E: OTHER COAL PROJECTS:
660 MW Imported Coal
Based Independent
12 Power Generation
Project at Port Qasim,
Karachi –Imported Coal
660
957
350 MW Imported Coal
Based Independent
13 Power Generation
Project at Port Qasim,
Karachi –Imported Coal
350
508
Sub Total
1,010
1,465
Lucky
Electric
Power
Company
Limited
• After completion of necessary formalities, LOS
Oct-19 to Lucky issued on June 8, 2015 with Financial
Close (FC) deadline of June 7, 2016
Siddiqsons
Limited
• PPIB issued LOI to the Sponsors on 15th
February 2015.
• The Sponsors have reportedly approached
Mar-19
National Electric Power Regulatory Authority
(NEPRA) for acceptance of Upfront Tariff and
grant of Generation License .
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Estimated
Gross
Project
Sr.
Investment
Expected
Name of the Project Capacity
Company/
No.
(Million
COD
(MW)
Sponsors
US$)
F: PROJECTS UNDER LOS/ TARIFF DETERMINATION/ NEGOTIATION:
Grange Holdings Power
Project – Converted
14
from RFO to Imported
Coal
15
Sehra Hydel Project –
Hydel
163
130
Latest Status of the Project
218
Grange
Power
Limited/
Grange
Holdings
Limited
• Upon proposal of NTDC, the PPIB Board in its
meeting held on 2nd July 2014 approved
conversion of the project from RFO to coal in
order to reduce the cost of generation.
• On 7th November 2014, NTDC submitted its
acceptance w.r.t. technical details of coal-fired
power plant provided by GPL as well as draft
Settlement 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
• After completion of required formalities, 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
344
Farab
Energy &
Water, Iran
• Approval of EPC stage tariff by NEPRA is under
process
Dec-19
• Due to Parnai HPP in Occupied Kashmir,
hydrology of this project may be affected
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Sr.
No.
Name of the Project
Estimated
Gross
Investment Project Company/ Expected
Capacity
(Million
Sponsors
COD
(MW)
US$)
Latest Status of the Project
F: PROJECTS UNDER LOS/ TARIFF DETERMINATION/ NEGOTIATION:
Azad Pattan
16 Hydropower Project –
Hydel
17
Chakothi-Hattian
Project – Hydel
Sub Total
1354
• Feasibility stage tariff approved by
NEPRA on 16th October 2014
• However, Sponsors filed another review
petition to NEPRA for enhancement of
IRR for Hydropower projects to 20% in
light of assurance given by NEPRA in Asad
Alamgir Power Pvt.
Umar review decision in January 2015,
Jun-20
Limited, Pakistan
and the same is under consideration by
NEPRA
• Project land acquisition and survey for
land required upto reservoir at AJ&K side
has been completed
• The company has initiated activities
related to CDM registration
500
1092
• Feasibility stage tariff review approved
by NEPRA on 16th October 2014
Dec-22 • However, Sponsors approached Court of
Law against tariff approval by NEPRA
• Currently, the matter is sub judice
1,433
3,008
640
Suhail Jute Mills
Ltd., Pakistan
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Estimated
Gross
Sr.
Investment Project Company/ Expected
Name of the Project Capacity
No.
(Million
Sponsors
COD
(MW)
US$)
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
548
157
215
1564
438
405
Mahl Hydropower
Project - Hydel
590
885
Sub Total
1,510
3,292
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
Cherat Cement,
Pakistan
• Feasibility study completed
• Progress is slow due to Law & Order
Dec-22
situation in past in the vicinity of Project Area
and its perception internationally
Younas Brothers,
Pakistan
• Feasibility study completed
• Progress is slow due to Law & Order
Dec-22
situation in past in the vicinity of Project Area
and its perception internationally
• Feasibility Study is in progress. First meeting
of POE was held on 21st January 2015
CWE Investment/
• Consultants following recommendations of
China Three Gorges Dec-23 POE are conducting surveys/ investigations
Corp., China
for finding more alternatives of dam site
location. The Inception Report and Report on
Dam Site has been submitted
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Estimated
Gross
Sr.
Investment Project Company/ Expected
Name of the Project Capacity
No.
(Million
Sponsors
COD
(MW)
US$)
Latest Status of the Project
H: PROJECTS AT EARLY DEVELOPMENT STAGE:
Kandra Power Project
22 - low BTU gas +
pipeline quality gas
120
90
Lower Palas Valley
23 Hydropower Project
– Hydel
665
1159
Lower Spat Gah
24 Hydropower Project
– Hydel
496
1057
Sub Total
1,281
2,306
• Project is based on both pipeline quality gas
and low BTU gas from a dedicated gas field
Petroleum
Dec-22 • LOS not issued due to the non-allocation of
Exploration Ltd.
pipeline quality gas required for commingling
with low BTU Kandra gas
• Project under implementation under Public
Govt of Khyber
Private Partnership (PPP) mode
Pakhtunkhwa,
• MOU signed in this respect has expired
WAPDA and
Dec-22 • Presently WAPDA and GoKP (Public
K-Water & Daewoo
Consortium Partners) are reviewing and
Engineering of
making deliberation on way forward for
Korea
implementation of the project
Korea Midland
• Project under implementation under Public
Power Co. Ltd and
Private Partnership (PPP) mode
POSCO Engineering Dec-22 • MOU signed in this respect has expired
Co. Ltd (KOMIPO
• Sponsors’ request for extension of the MOU
Consortium) Korea
is under review by GoKP and WAPDA
PROGRESS OF ONGOING IPP PROJECTS BEING PROCESSED
BY PRIVATE POWER & INFRASTRUCTURE BOARD (PPIB)
Sr.
No.
Name of the Project
Gross
Estimated
Expected
Capacity Investment
COD
(MW) (Million US$)
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-advertisement
• 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 evaluation by an
independent consultant
120
• PPIB invited EOI for the development of the
project
Dec-25 • No proposal received.
• The project will be re-advertised through Press in
future
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
Estimated
Expected
Capacity Investment
COD
(MW) (Million US$)
132
198
720
1,080
Latest Status of the Project
• Following decision of 95th Board meeting dated 5th
March 2014; PPIB invited EOI for the development
of the project
• Evaluation of proposals completed by Consultant
• AJK PDO Board on 4th July 2014 revived the
cancelled LOS after lapse of about 2 years
• Afterwards, PPIB through its letter dated 12th
September 2014, Ministry of Water & Power
through letter dated 5th November 2014 and AJ&K
Council’s through letter dated 11th November 2014
requested AJK PDO Board for reconsideration/
resolution of the matter in accordance with law and
Dec-24
policy. However, AJK PDO Board in its meeting dated
5th December 2014 maintained its previous decision
for extension/ revival of the LOS
• PPIB Board was updated about the matter in its
99th meeting dated 15th December 2014, and in this
regard “the Board advised PPIB to get in touch with
the Chief Secretary AJ&K, as a first step. However, if
things do not move further, the matter should be put
forth before the AJ&K Council”. Accordingly, Chief
Secretary AJK has been requested to provide
comments on issue of Project development.
Response of the same is being awaited.
Commissioned IPPs
Sr.
Name of Project
No.
Project privatized from public sector
KAPCO, Muzaffargarh
1
(privatized from public sector)*
Sub Total
Project prior to 1994 Power Policy
Location
Capacity
(MW)
Investment
(M US$)
Fuel
COD achieved
on
Kot Addu District
Muzaffargarh, Punjab
1638
1,583.00
HSFO, Gas
and HSD
Jun/1996
1,638
1,583
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, Quetta
Quetta
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
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
Commissioned IPPs
Sr.
No.
Name of Project
11 Saba Power Company, Lahore
12 Rousch Power, Multan
13 Japan Power Generation, Lahore
14 Uch Power Ltd., Uch
Location
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$)
Fuel
COD achieved on
125
152.39
RFO
31/Dec/1999
450
540.32
Gas
11/Dec/1999
135
123.24
RFO
14/Mar/2000
586
690.50
Gas
18/Oct/2000
Fateh Jang, Attock
29
9.16
Gas
6-Jun-2001
(Phase-I)
20-Sept-08
(Phase-II)
16 TNB Liberty Power Ltd., Dharki
Daharki, Distt. Ghotki, Sindh
235
381.17
Gas
10/Sep/2001
17 Davis Energen Power Ltd., Jhang
Jhang Toba-Tek Singh Road,
district Jhang
10.5
10.80
Gas
13/Jul/2013
3,124
3,489
84
215.00
Hydro
23/Mar/2013
84
215
Rawalpindi, Punjab
165
176.62
LSFO
17/Mar/2009
Sheikhupura, Punjab
225
227.00
RFO
18/Dec/2009
Qadirpur, Sindh
227
188.54
Gas
27/Mar/2010
15 Altern Energy Ltd, Attock
Sub Total
Project under 1995 Hydel Policy
7.5 km Downstream Mangla
18 New Bong Escape Hydropower Project
Dam, Azad Jammu &
Kashmir
Sub Total
Projects under 2002 Power Policy
19 AttockGen Power Project
20 Sheikhupura (Atlas) Power Project
21 Engro Power Project
Commissioned IPPs
Sr.
No.
Location
Capacity
(MW)
Investment
(M US$)
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 Foundation 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