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ISLAMABAD: The Special Investment Facilitation Council (SIFC) has identified nine power sector projects at an estimated cost of $ 6.870 billion to be offered to investors on Government to Government (G2G) basis, well-informed sources told Business Recorder.

These projects are as follows:

  1. 1320 MW power project at Thar coal block-II, Sindh- $ 1.2 billion (Technical Studies are available. Feasibility Study will be carried out by the Sponsors).

  2. 1200 MWp solar PV project at Layyah (Punjab)- $ 800 million; Required Amendments in Framework Guidelines for Solar initiatives (including USD indexation for 80% of tariff instead of previous 70%, LCY & FCY interest indexation & enhancement of COD up to 24 months) approved on August 8, 2023. Negotiation for G2G development to be initiated after Price Discovery. Revised RfP & SPDs approved by the PPIB Board on Aug 24. RfP documents has been approved by NEPRA for Price Discovery. Feasibility Study to be carried out by the Sponsors

  3. 600 MWp solar PV project at Jhang (Punjab) - $ 400 million. Feasibility study will be carried out by the sponsors.

  4. 132 MW Hydropower project - Rajdhani-$ 300 million. A fresh Feasibility Study is to be carried out by the Sponsors

  5. 500 kV Transmission Line Ghazi Barotha-Faisalabad - $ 400 million. Load flow analysis and route alignment is being carried out by NTDC which is expected to be completed in 90 days.

SIFC’s strategy to achieve global traction praised

  1. 500 kV transmission line Matiari-Rahim Yar Khan-$ 570 million. Load flow analysis and route alignment is being carried out by NTDC which is expected to be completed in 90 days.

  2. 2000 MVAR five reactive power compensation devices-$ 350 million. Required Amendments in Transmission Line policy to include Ancillary Services approved on August 08, 2023. M/S CESI (Italy) is conducting a Reactive Power Optimization Plan for the National Grid. The Studies will be completed in October 2023. The Optimization Plan includes equipment ratings, optimal locations and technology. Feasibility study is expected to be completed by end of October.

  3. 1000 MWh battery storage for frequency regulation -$ 300 million. Required Amendments in Transmission Line policy to include Ancillary Services approved. Feasibility Study is being carried by NTDC and will be completed in 2-3 months. Feasibility study is expected to be completed by end of October

  4. 4500 MW Diamer-Bhasha Dam (HPP)-$ 2.550 billion. The WAPDA has engaged a consultant to propose workable Equity: Debt participation options for foreign investors along with Transaction Structure for Diamer Bhasha Dam Project (DBDP).

Khalid Mirza, Advisor WAPDA will prepare a presentation for APEX Committee - SIFC regarding modalities for financing the project.

Copyright Business Recorder, 2023

Comments

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KhanRA Sep 08, 2023 09:14am
No more Chinese power plants that we can’t afford. The only way to make them invest is to guarantee them fees even if we don’t need the electricity they produce. This is partly why electric bills are so high - the companies are promised fees regardless of need. Unfortunately, this is the only way to get investors to come to Pakistan, because the country is otherwise so unattractive to investors
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KU Sep 08, 2023 12:31pm
And also add farmer's wish list, 10. Ensure tax/duty-free import of solar equipment for farmers, and ensure that the retailers of solar equipment are not exploiting consumers with inflated prices. 11. Ensure fertilizer, pesticide, seed, and farm equipment price caps so that farmers can survive and be in a position to feed the country.
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Builder Sep 08, 2023 12:34pm
These are all good projects to monitor and reduce line losses. Hydro definitely needs a focus as this is the cheapest of the available resources. There should be a plan in place to phase highly expensive capacity based IPP to reduce burden on common man.
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Tariq Qurashi Sep 08, 2023 12:40pm
Good! Most of these projects are for renewable energy and transmission lines. None are thermal. We need to move slowly and steadily towards renewable energy. Discouraging solar power just to help pay for the IPP's, is very short sighted, and would be poor decision making.
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Tulukan Mairandi Sep 08, 2023 04:21pm
Who will invest in a sector drowning in circular debts
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TidBit Sep 08, 2023 08:31pm
Look guys you are being taken for a song. Before it was CPEC was a game changer. What happened. Then it was Geoeconomics was a game changer. Then what happened. Now it is SPIC. This all nonsense. Pak army needs legitimacy now since they have jailed the most popular politician IK. so they are doing all this gimmics to stay relevant.
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cool Sep 10, 2023 10:51pm
Like as usual clowns running the show. Dollar index contracts will kill the poor when dollar goes to 500. Solar power does not generate at night so this wont help Pakistan. Allow tax free import of inverters
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