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Private Power & Infrastructure
Board |
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Lucky Electric Power Company Ltd |
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Salient Features |
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Project Company |
Lucky Electric Power Co. Ltd |
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Policy |
Power Policy 2015 |
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Category |
Commissioned |
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Sub Category |
Other |
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Main Sponsor |
Lucky Cement Limited |
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Province |
Sindh |
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Location |
Port Qasim, Karachi |
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Gross Capacity |
660MW |
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Net Capacity |
607MW |
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Technology |
Super-Critical Steam Turbine |
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Configuration |
1 x 660 MW |
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Total Project Price (USD) |
1080.9Million |
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Debt Equity Ratio |
75:25 |
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Debt Amount USD |
810.675Million |
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Equity Amount USD |
270.225Million |
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Levelized Tariff |
9.2100US c/kWh |
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Levelized CPP |
4.6778US c/kWh |
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Levelized EPP |
4.5322US c/kWh |
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1-10 Years Tariff |
10.4454US c/kWh |
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11-25 Years Tariff |
6.8974US c/kWh |
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Power Purchaser |
CPPAGL |
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Term of Project |
30Years |
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Primary Fuel |
Thar Coal |
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Fuel Supplier |
SECMC |
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EPC Contractor |
SEPCOIII |
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Net Efficiency |
39% |
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Annual Availability |
85% |
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Annual Energy Yields |
4519GWh |
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Important Events |
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Submission of Proposal |
29-Sep-2014 |
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Approval of PPIB Board |
02-JUL-2014 |
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Issuance of Notice to Proceed |
15-JAN-2015 |
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Submission of PG@US$ 1000/MW |
27-JAN-2015 |
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PG Validity |
19-NOV-2015 |
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Issuance of LOI |
11-FEB-2015 |
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Generation License Application |
03-MAR-2016 |
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Tariff Determination |
20-OCT-2016 |
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Submission of PG@US$ 5000/MW |
06-APR-2015 |
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Date of issuance of LOS |
08-JUN-2015 |
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LOS Extension 1 |
26-Sep-2016 |
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LOS Extension 2 |
09-Jan-2018 |
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Implementation Agreement |
08-Mar-2018 |
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Direct Implementation Agreement |
22-Jun-2018 |
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Power Purchase Agreement |
07-Mar-2018 |
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EPC Contract |
23-Dec-2016 |
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Achievement of Financial Close |
25-June-2018 |
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RCOD |
1-Mar-2021 |
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COD |
21-Mar-2022 |