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Private Power & Infrastructure Board |
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AJ Power (Pvt.) Limited |
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Salient Features |
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Project Company |
AJ Power (Pvt.) Limited |
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Policy |
RE Policy 2006 |
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Category |
Commissioned |
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Sub Category |
Other |
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Main Sponsor |
Almas Hyder |
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Main Sponsor Shareholder |
75% |
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Other Sponsors |
Zia Hyder Naqi |
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Other Sponsors Shareholder |
25% |
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Lenders |
i. The Bank of Punjab ii. MCB Bank Limited UAE iii. MCB Bank Limited, Behrain |
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Province |
Punjab |
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Location |
Adhi Kot, Khushab |
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Gross Capacity |
12MW |
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Total Project Price (USD) |
15.62Million |
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Debt Equity Ratio |
75:25 |
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Levelized Tariff |
11.4215US c/kWh 11.4215 US Cents / kWh 11.9926 PKR / kWh (at COD) |
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1-10 Years Tariff |
14.0838US c/kWh 14.0838 US Cents/kWh 14.7879 PKR / kWh (at COD) |
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11-25 Years Tariff |
5.8431US c/kWh 5.8431 US Cents/kWh 6.1352 PKR / kWh (at COD) Exchange Rate (Rs. / USD) 105 |
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Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
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Term of Project |
25Years |
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EPC Contractor |
CSUN Solar International Limited |
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Owner's Engineer |
CSUN Solar International Limited |
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Important Events |
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Issuance of LOI |
06-FEB-2015 |
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Tariff Determination |
09-OCT-2015 9-Oct-2015 (Original) 20-April-2016 (Revised) 08-Jul-2019 (COD) |
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Date of issuance of LOS |
20-NOV-2015 |
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Implementation Agreement |
10-OCT-2016 GOP Guarantee 14-APR-2017 |
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Direct Implementation Agreement |
10-APR-2017 |
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Power Purchase Agreement |
08-SEP-2016 EPA |
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Direct Power Purchase Agreement |
12-Apr-2017 Direct Purchase Agreement |
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Achievement of Financial Close |
14-APR-2017 |
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COD |
13-DEC-2017 25% Local 75 % Foreign |
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