affanpervez
Minister (2k+ posts)
[TUNEDOTPK]3682316[/TUNEDOTPK]
1996n main PML-N nai sarai international investors ko bhaga dia tha and they also abandoned the thar coal saying it is expensive and due to the dispute of fraction of cents the Chinese company left the country. Today they planning to sell the country to chinese.
"But after the change of Government in 1996, the new Govt decided that they were going to focus on Hydel Power instead and coal power was not needed, the then serving Petroleum Minister went on record to announce this sudden and dramatic policy shift in 1996/97. All these international companies were therefore driven away, sustaining huge losses. Current lack of interest by international mining companies is largely due to lack of credibility, primarily caused by Government policy inconsistencies rather than any deficiency in the resource base of Thar Coal. Much is made of the story of the Chinese company Shenhua which did a preliminary feasibility study of Thar coal but decided not to pursue the project further allegedly on disagreement with proposed tariff."
http://www.opfblog.com/9533/pakistan’s-thar-coal-a-comparative-study/
Earlier PML-N annouced worlds heaviest tariff for Coal power:
NEPRA approves ‘world’s heaviest’ tariff, incentives for coal power plants
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved Rs 1.50/unit heavy hike in the upfront tariff of the coal power plants and also offered lucrative incentives/benefits for installation of coal power plants in the country, exclusive documentary evidence reveals.
Official documents available with Daily Times disclose that the Water And Power Ministry, in a review petition, requested NEPRA to accord approval for the tariff and many other benefits. And, as a result, the authority has approved Rs 1.50/unit increase in the upfront power tariff for establishing coal power plants in the country. According to documents, the regulatory authority, while jacking up the tariff, has fixed an upfront tariff of 8 to 9.67cent per unit for coal power plant of 200MW, while 8 to 9.54cent/unit for a power plant of 600MW, and 8 to 9.11 cent/unit for coal power plant of 1,100MW.
Similarly, the authority has set 8.50cent/unit for coal power plant that will run on Thar coal. Official sources said that NEPRA has approved world’s heaviest tariff and other benefits, if compared with the tariff and other benefits so far given to the coal power plants installed in various parts of the globe with a view to tap alternative sources of energy to meet the power demand. “Local, and even foreign, power companies cannot find such lucrative tariff and weighty incentives for investing in the coal power generation plants anywhere across the world,” a senior official said.
He added that this attractive upfront tariff and other incentives have been given apparently only because of the governmental deadline of 2017. ThePML-N government has so far made tall claims that power load shedding would witness an end by 2017 in the country. The tale of NEPRA benefiting the investors who are likely to install coal power plants in the country does not end here, as the regulator has also jacked up return on equity by 10 percent, which was earlier set at 17 percent, and now it has risen to 27 percent for the imported coal.
And, return on equity for local coal has also been increased by 9 percent, which was earlier fixed at 20 percent, and with NEPRAs approval it has reached at 29 percent. “Similarly, the return on equity has been offered at 36.66 percent for Thar coal, which has so far no example in the world,” sources said. He added that instead of increasing the efficiency of the coal power plants for generation purposes NEPRA has decreased by 3 percent only to benefit the investors which has now reached at 42 percent.
“Owing to the concerns raised by Chinese investors, Ministry of Water and Power has submitted a review plea with NEPRA,” an official at the Power Ministry said on the condition of anonymity. It must be noted here that Water and Power Secretary Saifullah Chatha himself briefed the authority during a public hearing of the authority, which also has no example in the past. The secretary assured the regulator that the Chinese investors are ready to invest only if it issues the amended tariff.
http://www.dailytimes.com.pk/nation...viest-tariff-incentives-for-coal-power-plants
This has been further raised with guaranteed 31.5 % rate of return in dollars to make someone happy
Nepra revises upfront tariff for coal-fired power plants
KARACHI: The National Electric Power Regulatory Authority (Nepra) has revised the upfront tariff for coal-fired power plants, official document revealed on Wednesday.
The authority considered the government of Pakistan’s reconsideration request dated February 11 and Thar Power Company’s request dated January 24, regarding the revision in the determination of the authority in the matter of upfront tariff for coal-fired power plants and revised the tariff, it showed.
According to the revised determination, the levelised tariff for a 220MW imported coal-fired plant would be 8.6417 cents/kWh (foreign financed projects) and 9.6774 cents/kWh for locally financed projects, while the tariff for 330MW Thar coal, foreign financed project would be 8.5015 cents/kWh, according to the document.
The levelised tariff for a 220MW local coal-fired plant would be 8.2537 cents/kWh (foreign financed projects) and 9.2978 cents/kWh for locally financed projects, it showed.
The levelised tariff for a 660MW imported coal-fired plant would be 8.3601 cents/kWh (foreign financed projects) and 9.5422 cents/kWh for locally financed projects. The levelised tariff for a 660MW local coal-fired plant would be 8.0116 cents/kWh (foreign financed projects) and 9.21 cents/kWh for locally financed projects, it revealed.
The levelised tariff for 1100MW imported coal-fired plant would be 8.0189 cents/kWh (foreign financed projects) and 9.1198 cents/kWh for locally financed projects. The levelised tariff for 1100MW local coal-fired plant would be 7.6738 cents/kWh (foreign financed projects) and 8.7897 cents/kWh for locally financed projects.
http://www.thenews.com.pk/Todays-Ne...es-upfront-tariff-for-coal-fired-power-plants
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