Karachi: National Electric Power Regulatory Authority (NEPRA) has accepted the application of China Communications Construction Company Limited (CCCC) for setting up a 300 megawatt imported coal-fired power plant in Gwadar reported a local newspaper.
NEPRA will review CCCC’s application for granting of power generation license in Gwadar. If this project gets Nepra’s approval, not only will it assist in Gwadar and its adjoining areas in meeting its current demand, but also would meet future demand as well.
Currently, Gwadar has no interconnectivity with the national grid. It relies on an independent grid setup that connects it with Pasni, Turbat and Panjgur.
Work is being carried out to connect Pasni with the Orrnara Naval Base. Due to erratic power supply availability, Gwadar and its adjoining areas suffer from 12-hour outages on a daily basis and rural one’s around 16 hours.
CCCC imported coal-fired power plant once completed, will supply electricity not only to Gwadar but also to the Makran coastal region which will reduce the power outages in these areas.
CCCC had been issued a Letter of Interest (LOI) by the Pakistan Power and Infrastructure Board (PPIB) for the setting up of a 300 MW imported coal-fired power plant in Gwadar.
Electricity from this project will be sold on a take or pay basis to the Central Power Purchasing Agency (CPPA) under a 30-year power purchase agreement (PPA).
National Transmission and Despatch Company (NTDC) will build the 220kV transmission line for this power project.
This power project will be commissioned at an estimated cost of $492.94m and will be funded in a proportion of debt to equity ratio of 75:25. CCCC will retain majority equity stake of 75.5pc and the remainder of 24.5pc will be held by Tianjin Energy Investment Group Company Limited (TEIGCL).