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Private Power & Infrastructure Board |
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Chanar Energy Limited (CEL) |
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Salient Features |
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Project Company |
Chanar Energy Limited (CEL) |
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Policy |
(Framework for Power Cogeneration 2013) RE Policy 2006 |
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Category |
Commissioned |
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Sub Category |
Other |
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Main Sponsor |
Mr. Javed Ahmad Kayani |
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Main Sponsor Shareholder |
50% |
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Other Sponsors |
Chanar Sugar Mills Limited through its Representative Javed Ahmad Kayani Atiya Kayani Murtaza Feroze Kayani Hamza Feroze Kayani |
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Other Sponsors Shareholder |
50% Chanar Sugar Mills Limited through its Representative Javed Ahmad Kayani 5% Atiya Kayani 25% Murtaza Feroze Kayani 10% Hamza Feroze Kayani 10% |
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Province |
Punjab |
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Location |
407, GB Pindi Sheikh Musa Road, Tehsil Tandlianwala, District Faisalabad, Punjab |
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Gross Capacity |
22MW |
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Technology |
Steam Turbine Baggsse Conventional Steam Turbine based Power Plant (with Extraction cum condensing Steam Turbine with 110 bar (kg/cm2) boiler. |
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Total Project Price (USD) |
21.9252Million 21.9252 million US Dollars (RS 2.1486696 billion @exchange rate 98 Rs/USD) |
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Debt Equity Ratio |
80:20 |
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Debt Amount USD |
17.54016Million |
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Equity Amount USD |
4.38504Million |
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Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
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Term of Project |
30Years |
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Primary Fuel |
Imported Coal/Bagasse |
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Secondary Fuel |
HSD |
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Fuel Supplier |
Chanar Sugar Mills Limited (Primary)/Other bagasse / biomass suppliers (if available in the nearby area |
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Annual Availability |
45% |
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Annual Energy Yields |
86,724GWh 86,724 MWh (Based on PF=45%) |
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Important Events |
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Submission of Proposal |
17-JUN-2014 |
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Issuance of LOI |
30-APR-2015 |
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Tariff Determination |
07-DEC-2016 |
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Submission of PG@US$ 5000/MW |
15-MAR-2018 March 15, 2018 |
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Date of issuance of LOS |
12-DEC-2016 |
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Implementaion Agreement |
26-MAY-2017 IA: May 26, 2017 |
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Power Purchase Agreement |
14-JUN-2017 EPA |
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Achievement of Financial Close |
04-OCT-2017 |
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COD |
15-FEB-2019 |
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