ECC approves power purchase agreement
Electricity will be produced by the fourth 1,263MW LNG-based plant
Electricity will be produced by the fourth 1,263MW LNG-based plant. PHOTO: FILE
ISLAMABAD:
The Economic Coordination Committee (ECC) approved a power purchase agreement for the fourth 1,263-megawatt liquefied natural gas (LNG)-based power plant in Punjab to overcome electricity crisis in the upcoming summer season.
In a meeting chaired by Finance Minister Asad Umar on Tuesday, the ECC approved the power purchase agreement and a gas sale-purchase agreement would be signed between Sui Northern Gas Pipelines Limited (SNGPL) and Punjab Thermal Power Limited for gas supply to the LNG-based power plant, an official said.
Three LNG-based power plants of 3,500MW accumulated generation capacity are already operational in Punjab.
ECC likely to approve gas supply for fourth LNG power plant
During the Pakistan Muslim League-Nawaz (PML-N) government, the Private Power and Infrastructure Board (PPIB) had approved the construction of a 1,250MW LNG-based power plant near Trimmu barrage in Jhang district, Punjab at an estimated cost of $802 million.
The National Electric Power Regulatory Authority (Nepra) has already approved a tariff of Rs5.9084 per unit for the combined-cycle 1,263MW LNG-fired power plant for 30 years. The tariff for the combined-cycle power plant to be run on high-speed diesel has been fixed at Rs11.1659 per unit for 30 years.
However, the tariff for simple-cycle operation has been determined at Rs9.3042 per unit. The simple-cycle tariff on the basis of units delivered with LNG as fuel will only be applicable during the availability of gas turbines for the simple-cycle operation for a maximum of 349 days before the commercial operation date of the power complex on combined-cycle operation.
ECC approves major changes to import, export policies
According to a statement, the economic decision-making body also approved a supplementary grant of Rs46.4 million for the payment to families of deceased employees of the Petroleum Division.
The ECC approved a proposal of the Finance Division on placement of a summary before the federal cabinet for Rs200.075-million supplementary grant to Balochistan. It also approved immediate release by the Finance Division of a supplementary grant of Rs20 million for the Ministry of National Food Security and Research for the establishment and operation of the Plant Breeders’ Rights Registry.
The ECC approved a proposal of the Commerce Division for tobacco seed analysis at Eurofins Lab Germany aimed at production of good-quality tobacco for domestic and export purposes.
It also approved a supplementary grant of Rs11.441 million for the Ministry of Privatisation to meet expenses on the relocation of its offices.
Published in The Express Tribune, February 27th, 2019.
The Economic Coordination Committee (ECC) approved a power purchase agreement for the fourth 1,263-megawatt liquefied natural gas (LNG)-based power plant in Punjab to overcome electricity crisis in the upcoming summer season.
In a meeting chaired by Finance Minister Asad Umar on Tuesday, the ECC approved the power purchase agreement and a gas sale-purchase agreement would be signed between Sui Northern Gas Pipelines Limited (SNGPL) and Punjab Thermal Power Limited for gas supply to the LNG-based power plant, an official said.
Three LNG-based power plants of 3,500MW accumulated generation capacity are already operational in Punjab.
ECC likely to approve gas supply for fourth LNG power plant
During the Pakistan Muslim League-Nawaz (PML-N) government, the Private Power and Infrastructure Board (PPIB) had approved the construction of a 1,250MW LNG-based power plant near Trimmu barrage in Jhang district, Punjab at an estimated cost of $802 million.
The National Electric Power Regulatory Authority (Nepra) has already approved a tariff of Rs5.9084 per unit for the combined-cycle 1,263MW LNG-fired power plant for 30 years. The tariff for the combined-cycle power plant to be run on high-speed diesel has been fixed at Rs11.1659 per unit for 30 years.
However, the tariff for simple-cycle operation has been determined at Rs9.3042 per unit. The simple-cycle tariff on the basis of units delivered with LNG as fuel will only be applicable during the availability of gas turbines for the simple-cycle operation for a maximum of 349 days before the commercial operation date of the power complex on combined-cycle operation.
ECC approves major changes to import, export policies
According to a statement, the economic decision-making body also approved a supplementary grant of Rs46.4 million for the payment to families of deceased employees of the Petroleum Division.
The ECC approved a proposal of the Finance Division on placement of a summary before the federal cabinet for Rs200.075-million supplementary grant to Balochistan. It also approved immediate release by the Finance Division of a supplementary grant of Rs20 million for the Ministry of National Food Security and Research for the establishment and operation of the Plant Breeders’ Rights Registry.
The ECC approved a proposal of the Commerce Division for tobacco seed analysis at Eurofins Lab Germany aimed at production of good-quality tobacco for domestic and export purposes.
It also approved a supplementary grant of Rs11.441 million for the Ministry of Privatisation to meet expenses on the relocation of its offices.
Published in The Express Tribune, February 27th, 2019.