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Private Power & Infrastructure
Board |
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2x660MW Imported Coal Based IPP-Power China(Sinohydro Resouces/Al Mirqab Capital Qatar) |
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Salient Features |
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Project Company |
Port Qasim Electric Power Company (Private) Limited |
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Sub Category |
CPEC |
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Main Sponsor |
Sinohydro Resources Ltd.China |
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Main Sponsor Shareholder |
51% |
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Other Sponsors |
Al Mirqab Capital, Qatar |
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Other Sponsors Shareholder |
49% |
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Lenders |
Export and Import Bank of China (CEXIM) |
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Province |
Sindh |
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Location |
Port Qasim, Karachi |
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Gross Capacity |
1320MW |
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Net Capacity |
1214MW |
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Configuration |
2 x 660 MW |
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Total Project Price (USD) |
1912.2Million |
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Debt Equity Ratio |
75:25 |
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Levelized Tariff |
8.3601US c/kWh |
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Levelized CPP |
3.5039US c/kWh |
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Levelized EPP |
4.8561US c/kWh |
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1-10 Years Tariff |
9.0642US c/kWh |
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11-30 Years Tariff |
7.0419US c/kWh |
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Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
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Term of Project |
30Years |
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Primary Fuel |
Imported Coal |
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Important Events |
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Issuance of LOI |
21-MAY-2014 |
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Generation License Application |
03-FEB-2015 |
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Tariff Determination |
13-FEB-2015 |
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Date of issuance of LOS |
17-APR-2015 |
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Implementation Agreement |
18-APR-2015 |
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Power Purchase Agreement |
18-APR-2015 |
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Achievement of Financial Close |
22-DEC-2015 |
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Partial Commissioning 1 |
10-NOV-2017 |
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Partial Commissioning 2 |
15-JAN-2018 |
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COD |
25-April-2018 |
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