MESSAGE FROM CEO
Mobilizing and generating
affordable and environment-friendly energy resources is one of the key
challengers for any nation in today's world. Today the top priority for Pakistan
is Energy and Power Generation. Presently, Out of around 162 million population
only 65-70% has access to electricity.
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To Enter into power generation business is one of the
diversified decision of Nishat Group with the vision to enhance its Investment
into Energy Sector. Nishat Power Ltd. (NPL) a public limited company was
incorporated in February 2007 under the Companies Ordinance for setting up power
plant under the Power Policy 2002 on Build, Own and Operate ("BOO") basis. Its a
200 MW Combined Cycle Power Plant based on Reciprocating Engine Technology. The
primary fuel of the Plant is Residual Furnace Oil ("RFO") and its uninterrupted
supply is guaranteed by SHELL Pakistan. The Plant Configuration is eleven (11)
proven Engine sets of type 18v46 manufactured by WARTSILA of Finland and eleven
(11) generating sets, One (1) Heat Recovery Steam Turbine with generator.As per
the Power Purchase Agreement, the NTDC has contracted to purchase the total net
generation capacity of 195.26 MW produced by NPL for a period of 25 years at US
cents 12.1253 per KWh. As the plant will operate on residual furnace oil, a Fuel
Supply Agreement ("FSA") has been signed between the Company and Shell Pakistan
Limited for a period of ten years after the commencement of commercial
production.The entire plant, machinery and equipment required for the project
has been procured from Wartsila Finland Oy. Whereas, Wartsila Pakistan (Private)
limited has been appointed for the construction, erection, installation testing
and commissioning of the entire project. We have also awarded Wartsila Pakistan
an Operations & Maintenance Contract for our Plant.The total cost of the project
including interest during the construction period is around PkR17.704 billion.
Major
Consideration of the Project were:
The Project
would offer significant relief locally in the transmission system of Lahore, as
it would bypass long transmission lines and potential stepdown transformer
bottlenecks. There is currently no significant power generation inside this area
The plant
generation would be consumed very close to the generation site, thus also
reducing substantial transmission losses
The Project
has been finalized and commissioned on a fast-track basis within 18 months as a
power generation plant based on reciprocating engine single fuel RFO fired
technology
It is hoped
that NPL's power project, the RFO based power plant under Power Policy 2002,
shall serve as role model for others to follow.