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ISLAMABAD
(December 19 2003): Private Power Infrastructure Board (PPIB)
has approved evaluation reports on pre-qualification of four
Independent Power Producers for carrying out feasibility of
four power projects with cumulative capacity of 770 MW costing
$ 838 million. |
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"So far the PPIB Board has
approved 4 expression of interests (EoIs) from private sector for one hydel and
three thermal power generation plants," Managing Director PPIB Zafar Ali Khan
said in a press conference here on Thursday.
He said that pursuant to the Power Policy 2002, PPIB has received very
encouraging response from the private sector. Up till now, PPIB has received
proposals for power projects with cumulative generation capacity of 3477 MW with
an estimated cost of US$ 3600 million.
In accordance with the provisions of the Power Policy 2002, a Committee/Board
having representation of all the stakeholders including Wapda, KESC, Planning
Division, provinces & AJK, initially scrutinise and approve the project.
The four Projects are: 123 MW Star Thermal Power Project at Jarwar Sindh,
awarded to Emirates Trading (ETA) and ASCON of UAE; 150MW Western Electric Power
Project at Karachi awarded to Ameejee and Valee Group and Wartsila Diesel of
Finland; 400 MW Balloki Power Project at Balloki awarded to Nadeem Babar and
Family alongwith USA Investors; and 97 MW Kotli Hydro Power Project in AJK
awarded to Mira Pakistan Ltd, Mira Group of Saudi Arabia and Kohinoor Group of
Industries.
The pre-qualification reports of these sponsors were examined by PPIB as per
international standards.
Further, as per provisions of the Policy, PPIB Board has given the approval for
issuance of Letters of Interest to the sponsors of the aforementioned projects.
Replying a query, he said that the companies would finalise their feasibility
for the Thermal power in 6 to eight months time, and for hydel in about one and
a half-year.
After the completion of feasibility study the PPIB will negotiate with the
companies on the tariff rates.
PPIB MD said that all the four projects would generate power in next three to
four years.
He said that although the tariff structure is the same as it was under 1994 but
there is the condition of ICB and the final tariff will also be approved by
Nepra, he added.
He said that besides the four projects, PPIB is in process of evaluating
pre-qualification details of five more power companies.
These units are: 100-200 MW Gas based Power Plant (Manzalai) at Lachi, District
Karak, NWFP by Interconstruct (Pvt) Limited; 150 MW Fauji Power Plant at Korangi,
Karachi, Sindh by Fauji Foundation; 200MW Coal Based Thermal Power Plant at
Jherruk-Sonda, Sindh by Dadabhoy Cement Industries Limited; 740 MW Munda
multipurpose Hydro power project by AMZO Corporation (USA); and 100MW SGRS Power
Project by Ferozwala Power producers & New Zealand Business Council Limited.
In addition to these projects being handled by PPIB, two hydel projects namely
79 MW New Bong Hydel Power Project and 132 MW Rajdhani Power Projects are at an
advanced stage and it is expected that practical work would soon start on these
projects.
He said that the other companies who have shown their interest in the execution
of the projects are Gulf Power Project 58 mw, Interconstruct (Pvt) Ltd; 150 mw
Fauji Power Project, Fauji Foundation; 300 mw Mari Power Project Fauji
Foundation; 150 mw Kabirwala Power Project, Fauji Foundation; 52 mw Chanda Power
Project, Interconstruct (Pvt) Ltd; 150 mw Faisalabad Power Project, Harappa
Power Company; 120 mw Taunsa Hydropower, Hydro Power Company; 60 mw Gulpur
Hydropower, Mira Energy Limited, Mira Group of Saudi Arabia and Kohinoor Group
of Industries; 47 mw Jagran-II Hydropower, Mira International; and 150 mw Attock
Power Project, Attock Group.
Zafar said that as compared to 1994 power policy the local investor is taking
greater interest in the development of power sector.
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