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Private Power & Infrastructure
Board |
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660MW(2x330MW) Thar Coal-Engro Powergen Ltd |
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Salient Features |
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Project Company |
Engro Powergen Thar Limited |
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Sub Category |
CPEC |
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Main Sponsor |
Engro Powergen Limited |
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Other Sponsors |
EPL, HBL, CMEC |
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Lenders |
CDBC, CCBC and I&CBCL |
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Province |
Sindh |
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Location |
Thar Block-II Sindh |
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Configuration |
2 X 330 MW |
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Total Project Price (USD) |
995.4Million |
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Debt Amount USD |
746.55Million |
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Equity Amount USD |
248.85Million |
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Levelized Tariff |
8.5015US c/kWh |
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Power Purchaser |
CPPA-G L |
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Term of Project |
30Years |
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Primary Fuel |
Thar Coal |
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Fuel Supplier |
Sindh Engro Coal Mining Company (SECMC) |
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Important Events |
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Submission of Proposal |
09-JUN-2014 |
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Approval of PPIB Board |
02-JUL-2014 |
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Issuance of Notice to Proceed |
31-OCT-2014 |
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Submission of PG@US$ 1000/MW |
10-NOV-2014 |
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PG Validity |
09-NOV-2015 |
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Issuance of LOI |
20-NOV-2014 |
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Generation License Application |
18-MAR-2015 |
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Tariff Determination |
13-MAR-2015 |
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Submission of PG@US$ 5000/MW |
01-APR-2015 |
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Date of issuance of LOS |
17-APR-2015 |
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LOS Extension 1 |
30-Mar-2016 |
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Implementation Agreement |
04-MAY-2015 |
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Direct Implementation Agreement |
24-MAR-2016 |
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Power Purchase Agreement |
04-MAY-2015 |
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Fuel Supply Agreement |
07-JUN-2015 |
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Water Use Agreement |
19-NOV-2015 |
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EPC Contract |
14-FEB-2015 |
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Achievement of Financial Close |
04-APR-2016 |
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Partial Commissioning 1 |
31-OCT-2018 |
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COD |
10-JUL-2019 |