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Private Power & Infrastructure Board |
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Chiniot Power Limited (CPL) |
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Salient Features |
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Project Company |
Chiniot Power Limited (CPL) |
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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. Suleman Shehbaz |
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Main Sponsor Shareholder |
94.191% |
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Other Sponsors |
Sharif Dairy Farms (Pvt.) Limited 5.808% Mr. Nadeem Saeed 0.001% Mr. Muhammad Sajjad Anwar 0.001% |
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Other Sponsors Shareholder |
5.809% Sharif Dairy Farms (Pvt.) Limited 5.808% Mr. Nadeem Saeed 0.001% Mr. Muhammad Sajjad Anwar 0.001% |
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Province |
Punjab |
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Location |
26 KM Jhang Road, Chiniot, Punjab (Adjacent to Ramzan Sugar Mills) |
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Gross Capacity |
62.4MW |
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Technology |
Steam Turbine Baggsse |
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Configuration |
2 x 31.20 MW Steam Turbines: Hangzhou Steam Turbine Co. Limited (Model - EHNK 50/71) Boiler: Travelling grate type of Wuxi, China Boiler of 155 TPH Capacity and 110 Bar (kg/cm2) pressure/Wuxi Huaguang Electric Power Engineering Co. Ltd |
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Total Project Price (USD) |
62.18784Million 62.18784 million US Dollars (RS 6.09441 billion @exchange rate 98 Rs/USD) |
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Debt Equity Ratio |
80:20 |
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Debt Amount USD |
49.75027Million |
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Equity Amount USD |
12.437568Million |
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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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Fuel Supplier |
Ramzan Sugar Mills Limited, RSML(primary)/Other bagasse / biomass suppliers (if available in the nearby area) |
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EPC Contractor |
Technical Associates Pakistan (Private) Limited O&M Contractor: CPL |
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Annual Availability |
45% |
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Annual Energy Yields |
245,980.8GWh 245,980.8 MWh (based on PF = 45%) |
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Important Events |
Submission of Proposal |
23-DEC-2013 |
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Issuance of LOI |
30-JAN-2014 |
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Tariff Determination |
11-JUN-2014 |
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Submission of PG@US$ 5000/MW |
15-JUL-2014 July 15, 2014 |
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Date of issuance of LOS |
17-JUL-2014 |
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Implementation Agreement |
25-JUL-2014 |
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Direct Implementation Agreement |
19-AUG-2014 |
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Power Purchase Agreement |
22-JUL-2014 EPA |
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Achievement of Financial Close |
19-DEC-2014 |
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COD |
28-NOV-2015 |
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