|
Private Power & Infrastructure Board |
||
|
Crest Energy Pakistan Limited |
||
|
Salient Features |
|
|
|
Project Company |
Crest Energy Pakistan Limited |
|
|
Policy |
RE Policy 2006 |
|
|
Category |
Commissioned |
|
|
Sub Category |
Other |
|
|
Main Sponsor |
Crystal Energy Limited |
|
|
Main Sponsor Shareholder |
99.97% |
|
|
Other Sponsors |
Jun Guo, Yuan Li, Jian Jia, |
|
|
Other Sponsors Shareholder |
0.03% Jun Guo 0.01%, Yuan Li 0.01%, Jian Jia 0.01%, |
|
|
Lenders |
i. Export-Import Bank of China ii. China Bohai Bank Tainjin Pilot Free Trade Zone Branch |
|
|
Province |
Punjab |
|
|
Location |
QASP, Bahawalpur |
|
|
Gross Capacity |
100MW |
|
|
Total Project Price (USD) |
151.4314Million |
|
|
Debt Equity Ratio |
75:25 |
|
|
Levelized Tariff |
13.4364US c/kWh |
|
|
1-10 Years Tariff |
16.6863US c/kWh 16.6863 US Cents / kWh (Year-1) 16.2807 US Cents / kWh (Year-10) Decreasing gradually each year from year 1-year 10 |
|
|
11-25 Years Tariff |
6.9525US c/kWh Exchange Rate (Rs. / USD) 104.6 |
|
|
Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
|
|
Term of Project |
25Years |
|
|
EPC Contractor |
China First Metallurgical Group Company Limited |
|
|
Owner's Engineer |
Zonergy |
|
|
Net Efficiency |
17.99% |
|
|
Important Events |
|
|
|
Issuance of LOI |
27-MAY-2015 |
|
|
Tariff Determination |
26-MAY-2015 26-MAY-2015 (Original) 21-OCT-2015 (Revised) 16-NOV-2017 (COD Adjustment) |
|
|
Date of issuance of LOS |
16-JUN-2015 |
|
|
Implementation Agreement |
26-JUN-2015 |
|
|
Direct Implementation Agreement |
23-DEC-2015 |
|
|
Power Purchase Agreement |
26-JUN-2015 EPA |
|
|
Direct Power Purchase Agreement |
26-DEC-2015 Direct EPA |
|
|
Achievement of Financial Close |
28-DEC-2015 |
|
|
COD |
31-JUL-2016 |
|