BAFL 51.82 Decreased By ▼ -0.69 (-1.31%)
BIPL 22.37 Decreased By ▼ -0.43 (-1.89%)
BOP 5.63 Decreased By ▼ -0.05 (-0.88%)
CNERGY 4.96 Decreased By ▼ -0.13 (-2.55%)
DFML 18.84 Decreased By ▼ -0.51 (-2.64%)
DGKC 79.66 Decreased By ▼ -1.14 (-1.41%)
FABL 32.51 Decreased By ▼ -0.59 (-1.78%)
FCCL 19.84 Decreased By ▼ -0.39 (-1.93%)
FFL 10.61 Increased By ▲ 0.04 (0.38%)
GGL 13.53 Decreased By ▼ -0.09 (-0.66%)
HBL 124.52 Decreased By ▼ -5.65 (-4.34%)
HUBC 119.55 Decreased By ▼ -3.07 (-2.5%)
HUMNL 7.92 Decreased By ▼ -0.13 (-1.61%)
KEL 4.49 Increased By ▲ 0.04 (0.9%)
LOTCHEM 27.82 Decreased By ▼ -0.10 (-0.36%)
MLCF 41.76 Decreased By ▼ -0.94 (-2.2%)
OGDC 125.24 Decreased By ▼ -0.37 (-0.29%)
PAEL 22.04 Increased By ▲ 0.69 (3.23%)
PIBTL 6.25 Increased By ▲ 0.13 (2.12%)
PIOC 116.05 Decreased By ▼ -1.95 (-1.65%)
PPL 113.96 Increased By ▲ 0.11 (0.1%)
PRL 30.11 Decreased By ▼ -1.69 (-5.31%)
SILK 1.25 Increased By ▲ 0.15 (13.64%)
SNGP 70.12 Increased By ▲ 0.72 (1.04%)
SSGC 13.56 Decreased By ▼ -0.16 (-1.17%)
TELE 9.51 Increased By ▲ 0.27 (2.92%)
TPLP 15.13 Increased By ▲ 0.38 (2.58%)
TRG 97.42 Increased By ▲ 4.57 (4.92%)
UNITY 28.26 Increased By ▲ 0.76 (2.76%)
WTL 1.71 Increased By ▲ 0.05 (3.01%)
BR100 6,781 Decreased By -34.3 (-0.5%)
BR30 23,966 Decreased By -279.4 (-1.15%)
KSE100 66,012 Decreased By -211.3 (-0.32%)
KSE30 22,048 Decreased By -75.1 (-0.34%)

ISLAMABAD: The Alternative Energy Development Board (AEDB), an arm of Power Division, has sought approval of revised Request for Proposal (RFP) from National Electric Power Regulatory Authority (Nepra) drafted on the basis of amendments recently approved by the Economic Coordination Committee (ECC) of the cabinet.

In a letter to Registrar Nepra, Director (Policy/ IC) AEDB, Syed Aqeel Hussain Jafri referred to AEDB’s letter dated November 21, 2022 whereby the former submitted Request for Proposal for competitive bidding of 600-MWp solar PV project at Muzaffargarh along with Security Package Documents (SPDs) comprising an Implementation Agreement (IA) and an Energy Purchase Agreement (EPA) for approval and determination of the benchmark tariff.

AEDB, in its letter had informed the Authority that Economic Coordination Committee of the Cabinet, in its meeting held on November 14, 2022, had approved the SPDs subject to the following: (i) the new payment mechanism proposed under the Security Package Agreement (SPAs) for settlement of invoices through bank debit from a dedicated solar account to be maintained by the purchaser be deleted and replaced with the standard payment mechanism given under the earlier ECC approved agreements; and (ii) the tariff will be indexed annually rather than quarterly based on exchange rate variation (USD/ PKR).

Solarisation of buildings: NHA authorises AEDB to conduct bidding

Accordingly, AEDB made the necessary amendments in its RFP and SPDs to make them consistent with the decision of the ECC which were submitted to the Authority in the letter of November 21, 2022.

The AEDB further noted that the ECC, in its meeting held on January 17, 2023 while considering its decision approved the following for incorporation in the standardized SPDs approved by the ECC on November 14, 2022: (i) 70 per cent of the total tariff will be annexed on quarterly basis with exchange rate variation (USD/ PKR) ; and (ii) in addition to the GoP guarantee, the payment under the EPA will be ensured on 60th day after invoice through bank debit from a dedicated solar account to be maintained by CPPA-G.

The AEDB has requested Nepra to process the approval of the RFP and determination of the benchmark tariff in light of the recent decision of the ECC. The revised RFP along with the SPDs incorporating the necessary amendments to make them consistent with the ECC decision has also been shared with the regulator.

Copyright Business Recorder, 2023


Comments are closed.

Revised RFP: AEDB seeks approval from Nepra

SBP seen as holding key policy rate as monetary policy committee meets Tuesday

Inter-bank: rupee settles lower against US dollar

Banks in the red as KSE-100 loses some steam

Market cap: Pakistan’s energy giant Mari Petroleum joins billion-dollar club

Open-market: rupee unchanged against US dollar

Roshan Digital Accounts: inflow clocks in at $137mn in November

Mari Petroleum successfully drills development well in Sindh

IIOJK special status: Pakistan rejects Indian SC verdict on Article 370

India’s top court upholds end of special status for IIOJK

Zulfikar Bhutto’s death sentence: Bilawal moves SC for live streaming proceedings