1 |
Project Name |
Kandra Power Project. |
2 |
Project Location |
The Thermal Power Complex will be located near the Kandra Gas Field in Sindh Province, Pakistan. |
3 |
Project Brief and Configuration |
120 MW Combined Cycle Power Plant (CCPP) on BOO basis utilizing low Btu processed Kandra gas for two (2) Gas Turbines (2x40 MW); Two dedicated Heat Recovery Steam Generator (HRSG) and one Steam Turbine of 40 MW each (total 40 MW* 2 + 40 = 120 MW) where sovereign guarantee of Government of Pakistan is in place. |
4 |
Project Statistics |
An area of approx. 30 acres is being acquired for the project. Water for the power plant will be taken from the subsoil water aquifer and also from a nearby perennial canal on the Indus River. Power dispersal will be achieved through the nearby 132 KV transmission line. Pipeline gas for blending will be obtained from the nearby High Pressure system of Sui Southern Gas Co Ltd (SSGCL). |
5 |
Project Costs in US$ |
US$ 120 million approximately for a 120 MW power plant. |
6 |
Time Line |
36 months from the grant of a Letter of Support (LOS) by PPIB (Private Power & Infrastructure Board), Ministry of Water and Power, Government of Pakistan and after achieving financial close. |
7 |
Internal rate of Return (IRR) / Return On Equity |
16.25 % IRR and 15 % ROE. |
8 |
Project Partners |
Petroleum Exploration (Pvt) Ltd PEL (main sponsor) with Frontier Holdings Limited (FHL) a Canadian Energy firm, as JV partners |
9 |
Power Purchaser |
National Transmission and Dispatch Company (NTDC)/WAPDA shall purchase electricity according to a PPA from KPC on a Tariff approved by NEPRA. |
| 10 |
Implementation Agreement (IA) |
Government of Pakistan is providing sovereign guarantee according to Implementation Agreement (IA). |
