|
Private Power & Infrastructure Board |
||
|
Harappa Solar (Pvt.) Limited |
||
|
Salient Features |
|
|
|
Project Company |
Harappa Solar (Pvt.) Limited |
|
|
Policy |
RE Policy 2006 |
|
|
Category |
Commissioned |
|
|
Sub Category |
Other |
|
|
Main Sponsor |
Rana Nasim Ahmed |
|
|
Main Sponsor Shareholder |
75% |
|
|
Other Sponsors Shareholder |
25% Windforce PLC, Sri Lanka 13% Mohammad Khaqan Babar Cheema 12% |
|
|
Lenders |
i. The Bank of Punjab ii. Askari Bank Limited iii. Eco Trade and Development Bank iv. Pak-Oman Investment Company Limited. |
|
|
Province |
Punjab |
|
|
Location |
Harappa, Sahiwal |
|
|
Gross Capacity |
18MW |
|
|
Total Project Price (USD) |
23.43Million |
|
|
Debt Equity Ratio |
75:25 |
|
|
Levelized Tariff |
11.6972US c/kWh |
|
|
1-10 Years Tariff |
14.3961US c/kWh 14.3961 US Cents/kWh 15.1159 PKR/kWh |
|
|
11-25 Years Tariff |
6.0422US c/kWh 6.0422 US Cents/kWh 6.3443 PKR / kWh |
|
|
Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
|
|
Term of Project |
25Years |
|
|
EPC Contractor |
Sunec |
|
|
Owner's Engineer |
&M Solutions (OMS) |
|
|
Net Efficiency |
17.22% |
|
|
Important Events |
|
|
|
Issuance of LOI |
31-DEC-2014 |
|
|
Tariff Determination |
02-JUL-2015 2-JUL-2015 (Original) 26-FEB-2016 (Revised) 20-NOV-2018 (COD) |
|
|
Date of issuance of LOS |
23-SEP-2015 |
|
|
Implementation Agreement |
06-JUN-2016 |
|
|
Direct Implementation Agreement |
15-FEB-2017 |
|
|
Power Purchase Agreement |
30-APR-2016 EPA |
|
|
Direct Power Purchase Agreement |
15-FEB-2017 Direct EPA |
|
|
Achievement of Financial Close |
23-FEB-2017 |
|
|
COD |
14-OCT-2017 |
|