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Private Power & Infrastructure Board |
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Atlas Solar Limited (Formerly Zhenfa Pakistan New Energy Company (Pvt.) Limited) |
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Salient Features |
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Project Company |
Atlas Solar Limited (Formerly Zhenfa Pakistan New Energy Company (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 |
Atlas Power |
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Main Sponsor Shareholder |
80% |
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Other Sponsors |
Shirazi Investments |
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Other Sponsors Shareholder |
20% |
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Lenders |
i. CDC Group PLC (BII) ii. Habib Bank Limited |
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Province |
Punjab |
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Location |
Layyah |
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Gross Capacity |
100MW |
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Total Project Price (USD) |
57.390Million |
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Debt Equity Ratio |
80:20 |
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Levelized Tariff |
4.0612US c/kWh Levelized Tariff at COD 7.4401 PKR/kWh (Cost-Plus) 4.0612 US cents / kWh Exchange Rate (Rs. / USD) 183.20 |
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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 |
HDEC Engineering (Private) Limited |
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Owner's Engineer |
ZPNECPL |
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Net Efficiency |
21.51% |
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Important Events |
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Issuance of LOI |
19-MAR-2015 |
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Tariff Determination |
21-FEB-2020 21-FEB-2020 (Original) 03-MAY-2024 (COD Adjustment) |
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Date of issuance of LOS |
03-SEP-2020 TLOS |
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Implementation Agreement |
01-FEB-2021 GOP Guarantee 18-FEB-2021 |
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Direct Implementation Agreement |
12-FEB-2021 |
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Power Purchase Agreement |
29-JAN-2021 EPA |
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Direct Power Purchase Agreement |
18-FEB-2021 Direct EPA |
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Achievement of Financial Close |
18-FEB-2021 |
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COD |
14-APR-2022 |
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