LEPCL – Karachi Coal Fired Power Plant 660 MW – Sindh - Project Profile
"LEPCL – Karachi Coal Fired Power Plant 660 MW – Sindh - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Lucky Electric Power Co. Ltd (LEPCL), a wholly owned subsidiary of Lucky Cement, is undertaking the construction of a coal-fired power plant in Sindh, Pakistan.
The project involves the construction of a 660MW power plant on 101ha of land.
The project will include the construction of a substation, a powerhouse, a control room, gas storage tanks and related infrastructure, the installation of turbines, generators and transformers, and the laying of transmission lines.
On July 15, 2014, the Board of Directors (BoD) of Lucky Cement recommended a proposal from its shareholders for an equity investment of US$200 million in the project. The project will be financed with a debt-equity ratio of 75:25.
In September 2014, BoD of Lucky Cement Ltd decided that LEPCL will be a wholly-owned subsidiary of Lucky Cement Ltd, instead of LHL.
On February 11, 2015, LEPCL secured long-awaited Letter of Intent (LoI) from the Private Power and Infrastructure Board and is planning to file a tariff petition as well as a power generation license from Nepra by April 2015.
In February 2015, LEPCL was in the process to initiate preliminary negotiations with short-listed EPC contractors from China and Republic of Korea.
In January 2016, LEPCL appointed Fichtner GmbH & Co. KG as technical consultant.
In March 2016, LEPCL received the power generation license from National Electric Power Regulatory Authority (Nepra).
In July 2016, LEPCL was accorded a letter of intent by the Private Power & Infrastructure Board (PPIB) to sell the generated electricity to the National Transmission & Dispatch Company (NTDC) under a 30-year power purchase agreement. Assuming a 27% return on equity on the 30-year PPA and a debt to equity ratio of around 75:25.
The coal required for the project will be obtained from Thar coalfield.
On December 23, 2016, LEPCL signed an EPC contract agreement with SEPCOIII Electric Power Construction Corporation.
Pre-construction activities are underway, and the financial closure is anticipated in December 2017. Construction work is scheduled to be completed by June 2020.
The project involves the construction of a 660MW coal-fired power plant on 101ha of land in Bin Qasim Town, Karachi, Sindh, Pakistan.
The US$1,080 million project includes the following:
1. Construction of a substation
2. Construction of a powerhouse
3. Construction of a control room
4. Construction of gas storage tanks
5. Installation of generators
6. Installation of transformers
7. Laying of transmission linesReasons To Buy