Coal-based power: Letter of support issued for 350MW project

Published: September 2, 2015
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It is estimated to cost $600 million and the financial close is expected by the first quarter of 2016. PHOTO: AFP

It is estimated to cost $600 million and the financial close is expected by the first quarter of 2016. PHOTO: AFP

ISLAMABAD: 

The Private Power and Infrastructure Board (PPIB) has issued a letter of support to Siddiqsons Energy Limited for setting up a 350-megawatt imported coal-based power project at Port Qasim, Karachi.

The National Electric Power Regulatory Authority (Nepra) has already approved upfront tariff for this supercritical coal-fired power plant, which will be Pakistan’s first project of its kind at Port Qasim.

It is estimated to cost $600 million and the financial close is expected by the first quarter of 2016.

In a statement, Siddiqsons Energy Chief Executive Officer A Rahim Rafi said his company was fully cognisant of the fact that low-cost electricity was extremely crucial for economic growth and stability of the country. “Coal-based energy production is the key to addressing this issue,” he said. Compared to the global average of approximately 41%, Pakistan generates less that 1% by coal.

Published in The Express Tribune, September 2nd,  2015.

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Reader Comments (3)

  • Woz Ahmed
    Sep 2, 2015 - 10:10AM

    What is the tariff ?

    Thar coal is Rs 11 and Chinese solar Rs 18, both more than double regional averages !Recommend

  • cautious
    Sep 2, 2015 - 7:14PM

    Your not going to be using domestic coal – so how much is the coal going to cost and are you going to run into the same difficulties (ie financial/credit) landing a long term contract?Recommend

  • Brar
    Sep 3, 2015 - 4:51AM

    @cautious: There are huge coal reserves in ur country when will u use them,Recommend

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