AVN 65.31 Decreased By ▼ -0.86 (-1.3%)
BAFL 30.25 No Change ▼ 0.00 (0%)
BOP 4.63 Decreased By ▼ -0.10 (-2.11%)
CNERGY 3.89 Decreased By ▼ -0.12 (-2.99%)
DFML 13.50 Decreased By ▼ -0.60 (-4.26%)
DGKC 42.15 Decreased By ▼ -1.54 (-3.52%)
EPCL 46.13 Increased By ▲ 1.48 (3.31%)
FCCL 11.45 Decreased By ▼ -0.38 (-3.21%)
FFL 5.19 Increased By ▲ 0.22 (4.43%)
FLYNG 5.82 Decreased By ▼ -0.28 (-4.59%)
GGL 10.04 Decreased By ▼ -0.34 (-3.28%)
HUBC 63.21 Increased By ▲ 0.91 (1.46%)
HUMNL 5.73 Decreased By ▼ -0.12 (-2.05%)
KAPCO 27.81 Increased By ▲ 0.26 (0.94%)
KEL 2.15 Decreased By ▼ -0.06 (-2.71%)
LOTCHEM 25.37 Decreased By ▼ -1.23 (-4.62%)
MLCF 21.65 Decreased By ▼ -0.87 (-3.86%)
NETSOL 84.95 Decreased By ▼ -1.25 (-1.45%)
OGDC 86.64 Increased By ▲ 0.37 (0.43%)
PAEL 10.96 Decreased By ▼ -0.31 (-2.75%)
PIBTL 4.21 Decreased By ▼ -0.07 (-1.64%)
PPL 78.65 Decreased By ▼ -1.43 (-1.79%)
PRL 13.61 Decreased By ▼ -0.05 (-0.37%)
SILK 0.88 Decreased By ▼ -0.02 (-2.22%)
SNGP 41.00 Decreased By ▼ -0.75 (-1.8%)
TELE 6.01 Decreased By ▼ -0.20 (-3.22%)
TPLP 16.02 Decreased By ▼ -0.25 (-1.54%)
TRG 111.89 Decreased By ▼ -0.66 (-0.59%)
UNITY 14.01 Decreased By ▼ -0.34 (-2.37%)
WTL 1.14 Decreased By ▼ -0.06 (-5%)
BR100 4,026 Decreased By -48.6 (-1.19%)
BR30 14,402 Decreased By -123 (-0.85%)
KSE100 40,451 Decreased By -396 (-0.97%)
KSE30 15,110 Decreased By -101.7 (-0.67%)
Follow us

ISLAMABAD: National Power Parks Management Company (Pvt) Ltd (NPPMCL) has cautioned the Private Power & Infrastructure Board (PPIB) that its 1230-MW RLNG-fired Haveli Bahadur Shah power plant will stop operation if State Bank of Pakistan (SBP) does not approve its four transactions to import equipment/ spares.

Chief Executive Officer (CEO) NPPMCL, Akram Kamal in a letter to Managing Director PPIB Shah Jahan Mirza shared the situation of RLNG power plants.

NPPMCL is owned by the Government of Pakistan and it owns and operates two power plants namely 1230-MW CCPP Haveli Bahadur Shah (HBS), Jhang and 1223-MW CCPP Balloki, Kasur under the Power Policy 2015.

For smooth and continuous operation of power plants to ensure supply of electric power to the national grid, maintenance activities during scheduled and unscheduled outages are required to be performed in a timely manner for which availability of requisite spares/ parts and consumables is essential.

Import of spare parts, consumable items: NPPMCL seeks PPIB’s help for LCs opening

On May 20, 2022, SBP through its EPD Circular Letter No. 09 of 2022, instructed banks (i.e., authorized dealers) to seek prior permission from SBP’s Foreign Exchange Operations Department (FEOD) before initiating transactions for import of machinery and parts for 25 specific HS Codes under customs tariff, which also pertain to power generating machinery. Later, in continuation of the circular, SBP vide its EPD circular 1 of2022 of July 05, 2022 expanded the scope of restricted items by including all HS Codes falling under Chapter 84 and 85 of customs tariff.

NPPMCL, in its letter, further stated that O&M Contractor of 1230-MW CCPP Haveli Bahadur Shah (HBS), Jhang namely M/s SEPCO-III Electric Power Construction Corporation, China (SEPCO-III) initiated four transactions for import of equipment/ spares/ consumables for which applications for seeking prior permission of SBP were submitted through their bank/ authorized dealer to be the SBP in line with the circular.

However, none of these applications has so far been approved by SBP. The delay in approval will impact the availability and operation of power plant. If SBP approval is not granted on most urgent basis, 1230-MW Haveli Bahadur Shah, Jhang will not be in a position to operate and remain available which will result in shortfall of generation for the national grid and wide-spread power outages.

Copyright Business Recorder, 2022

Comments

Comments are closed.

Delay in import of spare parts: Haveli Bahadur Shah power plant faces closure

Imran Khan to contest by-elections on all 33 NA seats: Qureshi

Ishaq Dar announces 35-rupee hike in prices of petrol and diesel

FM Bilawal arrives in Moscow on two-day official visit

India's Adani Group: Hindenburg report intended to create false market

Gulf stocks rise on hope of slower Fed rate hikes

At least 41 killed as passenger coach falls into ravine in Lasbela

6.3 magnitude earthquake jolts Islamabad, surrounding areas

Ten children killed in northwest Pakistan boat capsize

Blinken arrives in Egypt as Middle East violence erupts

Former UN chief calls for climate action over ‘visions’ at COP28