36
PRESEN PRESEN O NECESSITY OF PRIVATE NECESSITY OF PRIVATE IN PAK IN PAK THE INSTITUTION OF E THE INSTITUTION OF E N.A. Z N.A. Z MANAGING MANAGING PRIVATE POWER & INFRAS PRIVATE POWER & INFRAS May 0 May 0 NTATION NTATION ON ON E POWER GENERATION E POWER GENERATION KISTAN KISTAN ENGINEERS PAKISTAN ENGINEERS PAKISTAN ZUBERI ZUBERI G DIRECTOR G DIRECTOR STRUCTURE BOARD (PPIB) STRUCTURE BOARD (PPIB) 07, 2011 07, 2011

THE INSTITUTION OF E ENGINEERS PAKISTAN … of Private Power... · Government chalked out a strategic 1993 Energy Task Force was created, wh ... plan to reform Pakistan’s power

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PRESENPRESENOO

NECESSITY OF PRIVATENECESSITY OF PRIVATEIN PAKIN PAK

THE INSTITUTION OF ETHE INSTITUTION OF E

N.A. ZUN.A. ZUMANAGINGMANAGING

PRIVATE POWER & INFRASPRIVATE POWER & INFRAS

May 07May 07

ENTATION ENTATION ONONTE POWER GENERATIONTE POWER GENERATION

AKISTANAKISTAN

ENGINEERS PAKISTAN ENGINEERS PAKISTAN

. ZUBERI. ZUBERIG DIRECTORG DIRECTOR

ASTRUCTURE BOARD (PPIB) ASTRUCTURE BOARD (PPIB)

07, 2011 07, 2011�

������������������������������������

� Timeline Journey of Pakistan P

� Need and Merits of Private Po

� Private Power Projects a Win -

� Government Initiatives to Enc� Government Initiatives to Enc

� Stages in the Development of

� Response of Private Sector in

� Role of Private Sector in Total

� Conclusions

����������������������������������������

n Power Sector

Power Projects

-Win Situation for All

ncourage Private Sectorncourage Private Sector

of Private Power Generation

in Pakistan Power Generation

tal Generation of Pakistan

UPTO 70s

� Performance of KESC and WAPDA w

donors

IN 80s

� Some deterioration observed in KES

� Demand-Supply shortfall of about 30

� Shortfall resulted in annual economi

���A����B�CD��E���A����B�CD��E���A����B�CD��E���A����B�CD��EFFFF ������������

� Shortfall resulted in annual economi

IN 90s

� Budget constraints lead the gover

sector in power generation projects

1992

� Government chalked out a strategic

1993

� Energy Task Force was created, wh

1994

was remarkable – financing available from

ESC and WAPDA

30%

mic loss of 10 billion

�������������D������D�������������D������D�������������D������D�������������D������D

mic loss of 10 billion

vernment to seek involvement of private

plan to reform Pakistan’s power sector

which lead to formulation of Power Policy

1994

: Announcement of Power Policy 1994

1997

� Autonomous regulatory body , NEPR

� 1st batch of IPPs started commission

2001

� WAPDA Vision 2025 prepared

���A����B�CD��E���A����B�CD��E���A����B�CD��E���A����B�CD��EFFFF ������������

� WAPDA Vision 2025 prepared

2002

� Power Policy 2002 announced

2005

� Medium Term Development Framewo

� KESC privatized

2009

� Second batch of IPPs started commi

94 & creation of PPIB

PRA was created, through an Act

oning .

�������������D������D�������������D������D�������������D������D�������������D������D

work (MTDF) prepared

missioning

���������D���������������D���������������D���������������D������

� Country started experiencing power

shortages from 80’s.

� There was tremendous load shedding

from 1989 to 1994.

� Exponential increase in power demand

� Power sector was consuming substantial

Government resources

� Additionality of resources

� To increase efficiency and competition in

Pakistan Power Sector.

� Focus of donors shifted from power

sector to social sector

�������D��D�B�����������D��D�B�����������D��D�B�����������D��D�B����

Power Load Shedding (MW)Peak Demand Load Shedding (MW) (MW) (%)

1989 5440 2151 391990 5680 1666 291991 6090 879 141992 6532 1393 211993 7522 1616 211994 8067 2577 311994 8067 2577 31

Power Sector Share in PSDP (%)Total PSDP WAPDA(Bln. Rs.) Allocation (%)

(Bln. Rs)1989 48.00 13.9 291990 57.81 15.8 281991 83.11 16.1 191992 95.52 24.6 261993 119.9 24.7 211994 137.4 26.67 20

� Deterioration in the performance of p

� Insufficient cash flow to invest in n

� Inadequate maintenance of power

� Cost and time over-runs in constru

� High system losses

D������A����D����C��D������A����D����C��D������A����D����C��D������A����D����C��

�������D���������D���������D���������D��

� Lack of funds available with Governm

� Shift of donors from power sector to

� To solve immediate problems of powe

� International trend of developing pow

� Introduction of new technologies su

eliminated the requirements of large

� To meet exponential load growth and

public sector utilities

new power generation

er projects

tructing power projects

����������D�����������D����������D�����������D����������D�����������D����������D�����������D

D�����D�����D�����D�����D�����D�����D�����D�����

nment to invest in new power projects

social sector

wer shortages

ower projects through private sector

such as combined cycle & diesel generator

central generation stations

nd supplement Government resources�

� Private Sector can complement &

� Limited Public Sector funds can

education, agriculture, roads etc .

�D��������D�D��������D�D��������D�D��������D

� Private sector can introduce effic

resources.

� Private power companies are bou

power at committed efficiency and

& supplement public sector.

be utilized in sector such as health,

.

��D�����������D��D�����������D��D�����������D��D�����������D

fficiency, reliability and additionality of

ound by Project Agreement to provide

and availability for 25-30 years.

�D����������D����������D����������D���������������������������������������������������������

� Private Power Projects are no

� Financing is made through a

� Private Sector is responsib� Private Sector is responsib

projects without any Governm

� Private sector fully responsi

projects from its own resource

���D��D�B���������D��D�B���������D��D�B���������D��D�B����������DC��CD������DC��CD������DC��CD������DC��CD��

normally based on BOO - BOOT.

mix of equity and loan.

sible for arranging loan for thesible for arranging loan for the

nment Guarantee .

sible for arranging equity for the

rces .

� Development Risk – Cost, reputat

� Construction Risk – time delays,

� Operating Risk – Efficiency & ava

�D�����������D�����������D�����������D����������

D��������D��������D��������D��������

� Operating Risk – Efficiency & ava

� ��������� ��� A B��CDEF �� �E

F������F�

� Fuel Availability Risk – non- availa

tation

s, cost overruns

vailability

��D��D�B�������D��D�B�������D��D�B�������D��D�B�����

�����A��������A��������A��������A���

vailability

�EE������ B�������� EF�DC�� ��

F�� �B �D�E���FF

ilability of fuel invites penalties

�D�����������D�����������D�����������D�����������D�����������D�����������D�����������D����������

������������������������������������������������ �������C��������C��������C��������C��������C��������C��������C��������C�

GOVERNMENT

� Additionality of financial resources.

� Addition of power generation to achieve t

� Creation of jobs.

� Utilization of indigenous resources like hy

� Private sector projects are a step forward

� Catalyst for institution building such

institutions at provincial level.

� Encouraged local investors to venture for

POWER PURCHASER

� Meeting of Valuable power demand.

� Availability of Reliable capacity.

� Capacity add-in without internal cash gen

� Induction of projects with better efficienci

��D��D�B������D��D�B������D��D�B������D��D�B������D��D�B������D��D�B������D��D�B������D��D�B����

�C��������D��AA��C��������D��AA��C��������D��AA��C��������D��AA��C��������D��AA��C��������D��AA��C��������D��AA��C��������D��AA�

target growth.

hydro/coal/gas .

rded towards competitive power market.

as PPIB, WPPO at Federal level and other

for power projects.

eneration for investment.

ncies and availabilities

�A

�D�����������D����������

������������ �������C��������C�

���������

� Assured returns on investment made by

� Revenue gains through efficiency improv

� Major risks covered by Government & po

� Compensation in case agreements are te

defaults .defaults .

PROVINCIAL GOVERNMENT

� Development of Local infrastructure.

� Improvement in provincial/local employm

� Generation of Economic activity at local

� Encouragement of provincial governm

provincial level – hydro & coal.

��D��D�B������D��D�B����

�C��������D��AA��C��������D��AA�

private power companies.

ovements & cost reduction.

power purchaser.

terminated due to Government/ power purchaser

yment .

level.

rnments to make policies and institutions at

��

�D�����������D����������

������������ �������C��������C�

FINANCIAL MARKET

� Add-in market capitalization of local mark

� Flourishing of local banks providing wor

� Awareness of local banks to handle proje

� Access to international capital market .� Access to international capital market .

INDIGENOUS RESOURCE UTILIZATION

� Skilled manpower being used.

� Utilization of indigenous gas, coal & hydr

� Business opportunities for legal, financia

� Learning opportunities for professionals

��D��D�B������D��D�B����

�C��������D��AA��C��������D��AA�

arkets .

orking capital and other credit lines.

ojects based on project finance techniques.

N

dro .

cial firms, consultants, Advisors.

ls and exposure to international experience.

��

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� ��E�DC��F� �E����F ���FE

F���DE��F ���F���E� �� ��E

� �EF����� �B �! A " ����F� �EF����� �B �! A " ����F

� �EF��F� EF�DC���E# $��# �

B�FC� B�E ���F���E�% D��C���F�

�E����F ���B�E� �� ���F���

E������������CD����E������������CD����E������������CD����E������������CD����E������������CD����E������������CD����E������������CD����E������������CD����

����������D��D�B��������������D��D�B��������������D��D�B��������������D��D�B��������������D��D�B��������������D��D�B��������������D��D�B��������������D��D�B����

FE ��C���F� BE�� ���F �� ���F ��

��E�������F �� ��FE &F�FE�����'

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�� �" �� F��DEF CF�FC �C�#���

��F�% ��FE���E� ��� ����D�FE� ��

���E�'

��

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�������D���������D���������D���������D��

� Private Sector Developmis spanned on four stage

1. Stage One: HUBC

2. Stage Two : - IPPs- Crea

3. Stage Three: Privati

4. Stage Four : SeconPower

��������D�����������D���������D�����������D���������D�����������D���������D�����������D�

D�����D������D�����D������D�����D������D�����D������

opment in Power Generationges

BCO Project 1985

Ps under Policy 1994 1994eation of PPIB/WPPO

atization of KAPCO 1997

ond batch of IPPs under 2002er Policy 2002

��

� First Initiative 1200 MW thermal

� Pioneering project fraught with

� No institutional set up available

� Hardly any expertise available w

huge project in private sector

�������������C�������������C�������������C�������������C�������������C�������������C�������������C�������������C

huge project in private sector

� International banks had relative

Debt raising from too ma

coordination

� Domestic banks had limited

experience of limited recourse fi

� No standardized agreements ava

power project.

uncertainties and complexities

le

with the Government to handle such

����C�����D�B�������C�����D�B�������C�����D�B�������C�����D�B�������C�����D�B�������C�����D�B�������C�����D�B�������C�����D�B���

ively modest credit limits for Pakistan

many sources requiring extensive

lending capacity and no previous

financing

available��

� Upfront Bulk Power tariff� Freedom to select fuel, technology and� GOP Guarantee for payment obligations

(WAPDA/KESC) and fuel supplier (PSO/� Standardized Security Package availab� PPIB created to provide one window fac

�������������� �������������� �������������� �������������� ��B�D������B�D������B�D������B�D����

IPP

Fuel Supplier

GOP

Implementation Agreeme

Fuel Supply Agreement

nd siteons of public sector power utilities O/OGDC)

able for execution facility

�� �����D���A��E�� �����D���A��E�� �����D���A��E�� �����D���A��E���D�����������D�����������D�����������D��������

Power Utility

ment

Power Purchase Agreement

��

� Created in August 1994 to promote pr

� Act as One-Window facilitator on beha

� Execute IA and provide GOP guarante

� Monitor and facilitate IPPs in exec

�����������������������������������������������������������������D��������D��������D��������D��������D��������D��������D��������D�������

� Monitor and facilitate IPPs in exec

agencies.

� Provide technical, financial and legal

Provinces / AJK.

� Coordinate/Liaison with local and

Institutions.

private investments in power sector.

half of GOP, its Ministries/ Departments.

tees on behalf of President of Pakistan.

xecuting PPA, WUL with relevant GOP

����������������������������������������FFFFFFFF �����������������������������������!��CD�������!��CD�������!��CD�������!��CD�������!��CD�������!��CD�������!��CD�������!��CD����

ecuting PPA, WUL with relevant GOP

al support to Ministry of Water & Power,

nd multilateral development Finance

��

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Lenders Invest

PPI

TCEB GO(Ministries/D

Regulator

�C��F�E�F�C�C�F����C��F�E�F�C�C�F����C��F�E�F�C�C�F����C��F�E�F�C�C�F����C��F�E�F�C�C�F����C��F�E�F�C�C�F����C��F�E�F�C�C�F����C��F�E�F�C�C�F���

vestors Consultants

PIB Purchaser(NTDC)

OPs/Divisions)

Provinces/AJK

��

� Fourteen Projects reached th

operations

� Foreign Direct Investment (FDI)

Dollars in 3 years

��� ���A��E��D����� ���A��E��D����� ���A��E��D����� ���A��E��D��

Dollars in 3 years

� Attracted world-renowned pla

General Electric, SIEMENS, Wart

� Emergence of Pakistan as pion

private power generation

the stage of commissioning and

DI) of more than three (3 billion) US

���D�����D�����D�����D������ ���C��������C��������C��������C�����

layers : AES, EL-PASO, TENAGA,

artsila, Coastal Technologies etc.

ioneer in IPPs on the world map of

���"������A������C���"������A������C���"������A������C���"������A������C

� 362 MW AES Lalpir Limited� 365 MW AES Pak Gen. (Pvt) L� 14 MW Altern Energy Limited� 157 MW Fauji Kabirwala Powe� 136 MW Gul Ahmed Energy Lt� 140 MW Habibullah Coastal Po� 140 MW Habibullah Coastal Po� 120 MW Japan Power Generat� 131 MW Kohinoor Energy Lim� 235 MW Liberty Power Project� 412 MW Rousch (Pakistan) Po� 114 MW Saba Power Company� 115 MW Southern Electric Pow� 126 MW Tapal Energy Limited� 586 MW Uch Power Limited

��C���D���� ���A��E��C���D���� ���A��E��C���D���� ���A��E��C���D���� ���A��E

Limited tedwer Company Ltd. (GAEL) Power (Pvt) Co. Power (Pvt) Co.ration (Pvt) Limitedimited ct

Power Limitedny Limited ower Company Limited

ed

�A

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�D�����������D�����������D�����������D����������

Lenders Loan AmountMln.$

� World Bank 445

� IFC 333

� J-Exim Bank 538

� US-Exim Bank 236

� Asian Dev. Bank 32

� Commonwealth Dev. 57Corporation

�C����������A�������C����������A�������C����������A�������C����������A������

��D��D�B������D��D�B������D��D�B������D��D�B����

Projects

Rousch, Uch and Southern Electric

Uch, Kohinoor Energy, AES LalpirAES PakGen, Gul Ahmed Energy

AES Lalpir and AES PakGen

Uch and Saba Power

Fauji Kabirwala

Liberty

��

� Privatized 1600 MW Kot Addu Powe

� Government transferred KAPCO ma

along with 26% shares

��������D�����������D�����������D�����������D�����������D�����������D�����������D�����������D����������� D�����D�����D�����D�����D�����D�����D�����D�����

� Ten (10) percent additional shares w

in 1996

� The Government realized proceeds

� KAPCO is now highly profitable com

indicated by share market price of a

wer Plant in 1996

management to International Power

���#����������������C���#����������������C���#����������������C���#����������������C���#����������������C���#����������������C���#����������������C���#����������������C

s were divested to International Power

ds worth Rs 9 billion

ompany with good operational record

f about Rs. 43

��

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STRENGTHS

� Pakistan now a Tested Ma

investors, lenders & contract

� Plenty of experience: (sp

officials, power purchaser uofficials, power purchaser u

and Language)

� Verifiable Track Record

� Government evolved the Pow

all stakeholders.

� Improvement in Power Policy

�����CD�����CD�����CD�����CD�����CD�����CD�����CD�����CD�C���D�����D���A��E�$%%$�C���D�����D���A��E�$%%$�C���D�����D���A��E�$%%$�C���D�����D���A��E�$%%$�C���D�����D���A��E�$%%$�C���D�����D���A��E�$%%$�C���D�����D���A��E�$%%$�C���D�����D���A��E�$%%$

Market (No fear of unknown for

ctors)

(sponsors, lenders, government

understands the Business normsunderstands the Business norms

ower Policy 2002 after consulting

icy 2002 – dynamic process��

INCENTIVES

� Only 5% Customs Duty on th

manufactured locally.

� Exemption from payment of inco

SECURITIES

��A��E���D�����D���A��E���D�����D���A��E���D�����D���A��E���D�����D���A��E���D�����D���A��E���D�����D���A��E���D�����D���A��E���D�����D�

����������!�����������!�����������!�����������!�����������!�����������!�����������!�����������!�

• Protection against Political Force

• Protection against risks associate

• Protection against hydrological ri

• Protection against risk associa

currency.

• Protection against currency deval

the import of plant & equipment not

come tax, sales tax, import licence fee etc.

�D�����D�����&�$%%$�D�����D�����&�$%%$�D�����D�����&�$%%$�D�����D�����&�$%%$�D�����D�����&�$%%$�D�����D�����&�$%%$�D�����D�����&�$%%$�D�����D�����&�$%%$

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ce Majeure Risk.

ated with change in law.

risk .

ciated with convertibility/remitability of

valuation & inflation.

��

Advertisement

Registration/ Issuance of RFPs

Pre-Bid Conference

Receipt of Bids by PPIB

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�D������������D������������D������������D������������D������������D������������D������������D�����������

Opening of Qualification & Technical Bids (Envelope -I)

Evaluation of Bids by Bid Evaluation Committee

Appeals made by Non-Responsive Bidders to the Committee for Redressal of Grievances

Decision on Appeals made by Non-Responsive Bidders

Notification of Responsive Bidders

Project processin

Opening of Financial & Tariff Bids (Envelope-II)

Evaluation of Envelope-II by Bid Evaluation Commit tee

Tariff approval by NEPRA

Notification of Qualified Bidder

%%$%%$%%$%%$%%$%%$%%$%%$Final Notification of Responsive Bidder

Submission of PG by Qualified Bidder for issuance of Letter of Support (LOS)

Issuance of LOS to Successful Bidder

Execution of Project Agreements and FC

COD

ing well defined and transparent��

����D���A����D���A����D���A����D���A�D�������C���A���D�������C���A���D�������C���A���D�������C���A��

Raw site Feasibility Study

•Technical Strength

•Financial Strength

(1-6 months)

Study

Monitoring & evaluation by

POE(12–36 months)

LOI

N

Dete(6-12

Project processing w

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FinancialCloseLOS

NEPRA Tariff

etermination12 months)

Close(12-18

months)

LOS

(1-2months)

Construction, Testing &

Commissioning(24-48 months)

Negotiations/Execution of

Project Agreements

well defined and transparent��

� Compiled and published comprehen

Potential

� Ranking (prioritization) of Hydel Powe

� Award of top ranked projects throu

competition

� Preparation of Standardized Terms

����'������D������������'������D������������'������D������������'������D������������'������D������������'������D������������'������D������������'������D��������

����D��D�B���������D��D�B���������D��D�B���������D��D�B���������D��D�B���������D��D�B���������D��D�B���������D��D�B�����

� Preparation of Standardized Terms

Study

� Completion of feasibility studies for s

� Preparation of Standardized securit

hydropower projects in coordination

� Successful negotiation of Security

project (1995 Hydel Policy Project)

� Prepared Mechanism for Tariff Determ

� Cascade Study for Swat River and Jhe

ensive brochure on Pakistan Hydel Power

wer Projects (50-1000 MW)

rough the solicitations under international

of Reference for a Bankable Feasibility

�����A����������E�D�������A����������E�D�������A����������E�D�������A����������E�D�������A����������E�D�������A����������E�D�������A����������E�D�������A����������E�D��

�������D�����������D�������D�����������D�������D�����������D�������D�����������D�������D�����������D�������D�����������D�������D�����������D�������D�����������D

of Reference for a Bankable Feasibility

seven projects in private sector

rity documents i.e. IA, PPA and WUA for

with all stakeholders

documents for New Bong Hydropower

rmination for Hydel Projects

Jhelum River Hydropower Projects��

� Compiled and published Brochure

Potential.

� Published comprehensive Brochu

Generation Potential.

� Provided full assistance to GOS in

����'"�����D������������'"�����D������������'"�����D������������'"�����D������������D��D�B����������D��D�B����������D��D�B����������D��D�B������

Provided full assistance to GOS in

Coal Energy Development Board (

� Provided full support to TCEB on

Coal Power Project by Sindh Ener

� Prepared Standardized Security d

Power Projects.

� Started initial work on developmen

MW Imported Coal based Project n

ure on Pakistan Coal Power Generation

hure on Pakistan Thar Coal Power

in the initial establishment of the Thar

�����A������������A������A������������A������A������������A������A������������A�������D�����������D�������D�����������D�������D�����������D�������D�����������D�

in the initial establishment of the Thar

d (TCEB)

n development of 1200 MW Integrated

ergy Coal Mining Company.

documents i.e. IA, PPA for Coal based

ent of RFP documents for 1200 – 2400

ct near Karachi through ICB.��

Number ofProjects

� Oil Based 8

� Gas 9

D�������������D�������������D�������������D�������������D�������������D�������������D�������������D�������������

� Gas 9

� Coal 1

� Hydel 17

� Total 35

Capacity Investment(MW) (Million US$)

1,465 1,693

1,858 2,098

�����D���A��E�$%%$�����D���A��E�$%%$�����D���A��E�$%%$�����D���A��E�$%%$�����D���A��E�$%%$�����D���A��E�$%%$�����D���A��E�$%%$�����D���A��E�$%%$

1,858 2,098

1,200 2,011

5,110 8,434

9,633 14,236

�D����������D��D�B�D����������D��D�B�D����������D��D�B�D����������D��D�B

NumPro

� Project prior to 1994 Power Policy 1

� Projects under 1994 Power Policy 14� Projects under 1994 Power Policy 14

� Projects privatized from public sector 1

� Projects under 2002 Power Policy 9

� Total 25

D�B�����������D�����D�B�����������D�����D�B�����������D�����D�B�����������D�����

mber of Capacity Investmentrojects (MW) (Million US$)

1 1,292 1,608

14 3,048 3,47914 3,048 3,479

1 1,638 1,583

9 1,900 1,879

25 7,878 8,549

�A

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Altern Energy Ltd, Attock 29 Jun 2001

Japan Power Generation, Lahore 120 Jan 2000

Kohinoor Energy Ltd., Lahore 131 Jun 1997

Southern Electric Co., Lahore 135 Jul 1999

Saba Power Company, Lahore 114 Dec 1999

AES Lalpir Ltd., Multan 362 Nov 1997

AES Pak Gen, Multan 365 Feb 1998

Fauji Kabirwala Co., Multan 157 Oct 1999

Rousch Power, Multan 412 Dec 1999

KAPCO, Muzaffargarh 1638 Jun 1996

Attock Gen, Rawalpindi 165 Mar 2009

Atlas Power Ltd., Sheikhupura 225 Nov 2009

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Nishat Power Ltd., Lahore 200 Nov 2009

Saif Power Ltd., Sahiwal 229 Apr 2010

Orient Power Ltd., Balloki, Kasur 229 May 2010

Nishat Chunian Power Ltd., Lahore 200 Jul 2010

Sapphire Electric Co. Ltd., Muridke 225 Oct 2010

Liberty Power Tech Ltd. 200 Jan 2011

Hub Power Project, Hub 1292 Mar 1997

Uch Power Ltd., Uch 586 Oct 2000

Habibullah Coastal, Quetta 140 Sep 1999

TNB Liberty Power Ltd., Dharki 235 Jun 2001

Tapal Energy Ltd., Karachi 126 Jun 1997

Gul Ahmed Energy Ltd., Karachi 136 Nov 1996

Engro Energy Ltd., Qadirpur, Sindh 227 Mar 2010

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DC�FBDC�FB

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SPONORS

Foreign Local

� International Power (UK)

� Congen Technology

� El Paso (USA)� Tenaska (USA)� Mitsui (Japan)

� Nishat Group� Sapphire Textile

Ltd.� Attock Refinery

Ltd.� Engro Chemical� Shirazi Investment

� IFC� Worl� ADB� IDB� US E� AIDE

CDC

����D�������A�(����D�������A�(����D�������A�(����D�������A�(����D�������A�(����D�������A�(����D�������A�(����D�������A�(

����D�������������D�������������D�������������D�������������D�������������D�������������D�������������D���������IPPs IN OPERATION

� Mitsui (Japan)� Xenel (KSA)� TNB (Malaysia)� AES Corporation� AEB� IFC� Oman Oil� DEG Germany� GE Capital

� Shirazi Investment� Fauji Foundation� Saif Group� Liberty Mills� Descon Group

� CDC� EDC � SACH� ANZ

(Aus� ABN � Jexim� Bank� Toron� DEG� EMO� PRO� SWE

LENDERS

Foreign Local

orld BankB

Exim BankDECC (UK)

� National Bank of Pakistan� Habib Bank Ltd.� United Bank Ltd.� Muslim Commercial Bank� Allied Bank Ltd.� Askari Bank Ltd.

Faysal Bank Ltd.

A�(�A���A�����D����A�(�A���A�����D����A�(�A���A�����D����A�(�A���A�����D����A�(�A���A�����D����A�(�A���A�����D����A�(�A���A�����D����A�(�A���A�����D����

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C (UK)C (UK)CHE (Italy)Z Banking Group

ustralia)N Amro Bank

xim (Japan)nk of Tokyo Mitsubishironto -Dominion BankG (Germany)O (Netherlands)OPARCO (France)EDFUND (Sweden)

� Faysal Bank Ltd.� Meezan Bank Ltd.� Bank Al Habib� Habib Metropolitan Bank

Ltd.� The Bank of Punjab� Soneri Bank Ltd.� NIB Bank Ltd.� Pak Oman Investment Co.� Pak China Investment Co.� Sauki Pak Industrial and

Agricultural Investment Co.

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MW %

Public Sector

Public Sec6703

Public Sector

WAPDA/SHYDO

/NA/AJK 11603 54

PAEC 462 2

Sub-Total 12065 56

Private Sector

IPPs 7878 36

KESC 1756 8

Sub-Total 9634 44

G. Total 21699 100

Private power generation n

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Public SectorThermal4900 MW

Nuclear462 MW

ector Hydel03 MW

IPPs9634 MW

n now playing dominant role in power sector��

PAKISTAN POWER SEPAKISTAN POWER SE

Ministry ofWater

& Power

GOVERNMENT O

WAPDA AEDB PEPCO PPIB

Mega Dams WaterProjects

GENCOs DISCOs NTDC

New

ECTOR ECTOR –– KEY PLAYERSKEY PLAYERS

PakistanAtomic Energy

Commission

NEPRA

OF PAKISTAN

PrivateSector

CHASNUPP KANUPP IPPs SPPs/CPPs KESC

ew institutions handling private power projects

��

� Power demand growing at a very fac

� Public sector has limited funds and

� Private sector to come forward to me

� Pakistan has successfully attracted

private sector for power generation.

� World renowned power players are a

����AC����AC����AC����AC

� World renowned power players are a

� One-Window facility provided at Fede

� Federal Government guarantees the

provinces.

� Federal Government provides prot

change in law.

� Concessionary import duties and

under the policy.

act pace – 186,228 MW demand by year 2035.

is being restructured.

meet fast growing demand:

ted investment worth billions of dollars from

already operating in Pakistan .

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already operating in Pakistan .

deral level by PPIB for projects above 50 MW.

the performance of the power purchaser and

rotection against Political Force Majeure and

tax free regime for power plants developed

��