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Private Power & Infrastructure Board |
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Appolo Solar Development Pakistan Limited |
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Salient Features |
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Project Company |
Appolo Solar Development Pakistan 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 |
Appolo Solar Development Limited |
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Main Sponsor Shareholder |
99.97% |
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Other Sponsors |
Jun Guo, Yuan Li, Jian Jia. |
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Other Sponsors Shareholder |
0.03% Jun Guo 0.01%, Yuan Li 0.01%, Jian Jia 0.01% |
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Lenders |
i. China Development Bank Corporation ii. Export-Import Bank of China iii. Industrial and Commercial Bank of China Corporation |
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Province |
Punjab |
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Location |
QASP, Bahawalpur |
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Net Capacity |
100MW |
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Total Project Price (USD) |
151.4314Million |
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Debt Equity Ratio |
75:25 |
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Levelized Tariff |
13.0288US c/kWh |
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11-25 Years Tariff |
6.4840US c/kWh Exchange Rate 104.9 PKR / USD |
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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 |
China First Metallurgical Group Company Limited |
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Owner's Engineer |
Zonergy |
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Net Efficiency |
17.99%% |
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Important Events |
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Issuance of LOI |
27-MAY-2015 |
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Tariff Determination |
26-MAY-2015 Tariff Determination 26-May-2015 (Original) 26-Oct-2015 (Revised) 16-Nov-2017 (COD Adjustment) |
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Date of issuance of LOS |
16-JUN-2015 TLOS |
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Implementation Agreement |
25-JUN-2015 GOP Guarantee 06-NOV-2015 Supplemental Agreement 22-JAN-2018 |
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Direct Implementation Agreement |
29-OCT-2015 |
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Power Purchase Agreement |
26-JUN-2015 EPA |
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Direct Power Purchase Agreement |
03-NOV-2015 Direct EPA |
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Achievement of Financial Close |
06-NOV-2015 |
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COD |
31-MAY-2016 |
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