|
Private Power & Infrastructure
Board |
||
|
Shahtaj Sugar Mills Limited (SSML) |
||
|
Salient Features |
|
|
|
Project Company |
Shahtaj Sugar Mills Limited (SSML) |
|
|
Policy |
(Framework for Power Cogeneration 2013) RE Policy 2006 |
|
|
Category |
In Progress |
|
|
Sub Category |
Other |
|
|
Main Sponsor |
Mr. Muneer Nawaz |
|
|
Main Sponsor Shareholder |
12.15257% |
|
|
Other Sponsors |
Mrs. Abida Muneer Nawaz (Wife) Mrs. Samia Shahnawaz Idris (CDC) Mr. Abid Nawaz Mr. Abid Nawaz (CDC) Mr. Rashed Amjad Khalid Mr. Rashed Arnjad Khalid (CDC) Mr. Toqueer Nawaz Mr. Toqueer Nawaz (CDC) Ms. Ava Ardeshir Cowasiee (CDC) Mr. Zahid Ullah Khan (CDC) Mrs. Sadia Muhammad Shezan Services (Pvt) Ltd MC FSL-Trustee JS Growth Fund (CDC) Mr. Jamil Ahmad Butt State Life Insurance Corporation of Pakistan (CDC) General Public Investment, Insurance Companies & NIT |
|
|
Other Sponsors Shareholder |
87.8443% Mrs. Abida Muneer Nawaz (Wife) 4.40806 % Mrs. Samia Shahnawaz Idris (CDC) 2.80586 % Mr. Abid Nawaz 1.46622 % Mr. Abid Nawaz (CDC) 0.29140 % Mr. Rashed Amjad Khalid 1.85994 % Mr. Rashed Amjad Khalid (CDC) 0.06661 % Mr. Toqueer Nawaz 2.65965 % Mr. Toqueer Nawaz (CDC) 0.66855 % Ms. Ava Ardeshir Cowasjee (CDC) 1.13024 % Mr. Zahid Ullah Khan (CDC) 0.00416 % Mrs. Sadia Muhammad 0.00634 % Shezan Services (Pvt) Ltd 3.54214 % MC FSL-Trustee JS Growth Fund (CDC) 9.44083 % Mr. Jamil Ahmad Butt 0.01050 % State Life Insurance Corporation of Pakistan (CDC) 6.30237 % General Public 37.84353 % Investment, Insurance Companies & NIT 15.34103 % |
|
|
Province |
Punjab |
|
|
Location |
Khewa Muhabbat Pur Road. District Mandi Bahauddin, in the Province of Punjab |
|
|
Gross Capacity |
32MW |
|
|
Technology |
Steam Turbine Baggsse Conventional steam turbine-based power plant |
|
|
Configuration |
Steam Turbines: Steam Turbine 2 x 16 MW HTC China/2016 Boiler: DESCON/2016 |
|
|
Total Project Price (USD) |
31.0112Million 31.0112 million US Dollars (RS 3.0390976 billion @excahnge rate 98 Rs/USD) |
|
|
Debt Equity Ratio |
80:20 |
|
|
Debt Amount USD |
24.8088Million |
|
|
Equity Amount USD |
6.2022Million |
|
|
Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
|
|
Term of Project |
30Years |
|
|
Primary Fuel |
Imported Coal/Bagasse |
|
|
Fuel Supplier |
Shahtaj Sugar Mills Limited (SSML) |
|
|
Important Events |
|
|
|
Submission of Proposal |
03-APR-2013 |
|
|
Issuance of LOI |
28-NOV-2014 |
|
|
Tariff Determination |
24-JAN-2022 |
|
|
Submission of PG@US$ 5000/MW |
16-JAN-2017 January 16, 2017 |
|
|
Date of issuance of LOS |
30-JAN-2017 |
|
|
LOS Extension 1 |
29-JAN-2018 1st Ext: January 29, 2018 - January 14, 2019 |
|
|
LOS Extension 2 |
27-JUN-2022 2nd Ext: June 27, 2022 - December 26, 2022 |
|
|
LOS Extension 3 |
26-DEC-2022 3rd Ext: December 26, 2022 - March 25, 2023 |
|
|
LOS Extension 4 |
25 MAR-2023 4th Ext: March 25, 2023 - May 24, 2023 |
|
|
LOS Extension 5 |
24-MAY-2023 5th Ext: May 24, 2023 - July 05, 2023 |
|
|
Implementation Agreement |
04-APR-2022 |
|
|
Power Purchase Agreement |
23-DEC-2022 |
|
|
Achievement of Financial Close |
22-JUN-2023 |
|
|
RCOD |
22-FEB-2025 |
|
|
Expected COD |
09-JAN-2025 |
|