ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday a little minimized the price of return on equity (ROE) from 15 to 14.5 pc for three old nuclear reactor of 930MW.
This would give a conserving of Rs2.05 bn per annum or regarding 25 paisa each for remaining 25-37 year life of these jobs, the regulatory authority stated in a declaration.
The management of three nuclear power plants located at Chashma (C-2, C-3 and also C-4) had actually submitted the toll requests under Aug 27, 2020 choices of the Closet Board on Energy (CCoE) for decrease in ROE rate and also cold currency exchange rate to Rs148 per dollar.
The regulatory authority had actually conducted the hearing on the tariff petitions on Jan 13. On Wednesday, the regulatory authority claimed it had authorized to freeze the currency exchange rate at Rs148 per buck and minimize the ROE from 15pc to 14.5 pc for the staying life of these jobs.
Generation permit to Chashma Nuclear reactor Unit-2 (C-2) situated at Chashma, Tehsil Piplan, District Mianwali was released in 2011. The ranked gross ability of the plant is 340MW having a minimum of 40 years (extendable for another two decades). The permits to C-3 and also C-4 were issued in 2016. The ranked gross capacity of plants is 340MW each with a minimal 40 years (extendable for another 20 years).
Meanwhile, the government has actually additionally sent the issue pertaining to the changed tariff for the IPPs to regulator for official authorization. The federal government had authorized arrangements with 46 IPPs for the alteration in their terms of contracts, purportedly giving a conserving of Rs770bn. The Nepra will certainly currently release brand-new tariff for these IPPs.
Meanwhile, the government also introduced the economic closing of 4 Solar PV tasks, having collective capability of 250MW. Out of 250MW, Zhenfa Pakistan New Energy Firm (Pvt) Ltd is creating 100MW job) in area Layyah, Punjab and a Norwegian company Scatec in collaboration with Nizam Power is creating 150MW (3x50MW) jobs in area Sukkur, Sindh.
Last week, the Private Power and also Infrastructure Board had supplied the GoP Guarantee to jobs in support of President of Islamic Republic of Pakistan. These 4 solar energy tasks are bringing investment of $148 million, the Power Division stated.
The projects are funded at debt-to-equity ratio of 80:20. Nepra has actually accepted a levelised toll of 3.73 cents each for Zhenfa task and also 3.66 cents per unit for Scatec tasks.
These projects are expected to create 494.427 GWh each year. Based upon the offered solar source, the regulatory authority has approved 21.51 pc capacity variable for Zhenfa as well as 23.27 computer for Scatec jobs.
Energy Preacher Omar Ayub Khan claimed the renewable resource modern technologies have matured during the last one decade and Pakistan has actually also begun taking advantage of the tremendous potential of alternative and renewable resource sources readily available in the nation.
He claimed the federal government has currently introduced a new plan that sets a target of 20pc renewable resource ability by 2025 and also 30pc by 2030. On the whole, the government means to have a share of greater than 60pc coming from tidy modern technologies by 2030, he claimed.