Month: September 2021

Govt, banks discuss debt recapitalisation of power plants

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The government is in the process of privatising National Power Parks Management Company Limited (NPPMCL), which owns Haveli Bahadur Shah Power Plant (1,230 megawatts) in Jhang district and Balloki Power Plant (1,223MW) in Kasur district, said Federal Minister for Privatisation Mohammed Mian Soomro. Chairing a meeting with heads of local commercial banks on Friday, he said that both power plants were established through government funding or equity instead of the debt-to-equity ratio allowed by the National Electric Power Regulatory Authority (Nepra) under tariff determination for NPPMCL’s power plants. “It has…

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LNG terminal to suspend gas supply

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Pakistan’s industrial, commercial and household customers were set to face partial suspension of gas supplies from Saturday in the wake of emergency shutdown of Pakistan GasPort LNG import terminal for repair and maintenance. “GasPort’s LNG terminal, located at Port Qasim, is scheduled for emergency shutdown to undergo repair and maintenance from 12 noon on Saturday,” Sui Southern Gas Company (SSGC), which facilitates the transportation of LNG from the port to upcountry areas, said in a statement on Friday. Pakistan has only two re-gasified liquefied natural gas (RLNG) terminals at present.…

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Kapco seeks renewal of power generation licence

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The National Electric Power Regulatory Authority (Nepra) has provisionally allowed Kot Addu Power Company (Kapco) to keep producing and supplying electricity to the national grid until the regulator arrives at a final decision whether to renew the company’s power generation licence. In a regulatory filing with the national bourse on Friday, Kapco said its licence renewal application is being “duly progressed with Nepra”. The power purchase agreement (PPA) of Kapco, which runs a multi-fuel–powered plant of 1,600 megawatts, is about to expire after 25 years. Therefore, the company faces “material…

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NEPRA Approves Capacity Expansion Plan

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The National Electric Power Regulatory Authority (Nepra) has approved the first-ever Indicative Generation Capacity Expansion Plan 2021-30 (IGCEP-2021) in terms of relative provisions of grid code of the National Transmission and Despatch Company (NTDC). “IGCEP will be a dynamic document covering a planning horizon of 10 years and it will be revised annually,” stated a statement issued on Friday. “It will act as a primary document for adding new capacity for generation to meet the future demand in a scientific and systematic manner, thus avoiding the boom and bust cycle,…

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Sindh expresses reservations on approval of ‘one-sided’ IGCEP by CCI

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Sindh government has expressed reservations on approval of “one sided” Indicative Generation Capacity Expansion Plan (IGCEP) by the Council of Common Interests (CCI), maintaining that giving preference to hydel projects over wind and coal projects will increase total basket with stimulated potential impact of billions of dollars over the life cycle of the project. These apprehensions were conveyed by Minister for Energy Imtiaz Shaikh in letters to Minister for Energy Hammad Azhar and NEPRA Chairman Tauseef H Farooqi.On September 6, 2021, the CCI had approved the IGCEP on the basis…

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