National Electric Power Regulatory Authority Islamic Republic of Pakistan
NEPRA Tower, Attaturk Avenue (East), G-511, Islamabad 468,515 Ph: +92-51-9206500, Fax: +92-51-2600026 Registrar Web: www.nepra.org.pk, E-mail: [email protected]
No. NEPRA/TRF-193/MPCL-2011/3149-3151 February 22, 2019
Subject: Decision of the Authority in the matter of Tariff Adjustments at Commercial Operation Date of Metro Power Company Ltd. (Case No. NEPRA/TRF-193/MPCL-2011)
Dear Sir,
Please find enclosed herewith the subject Decision of the Authority along with Annexure-I & II (24 pages) in Case No. NEPRA/TRF-193/MPCL-2011.
2. The Decision is being intimated to the Federal Government for the purpose of notification in the official gazette pursuant to Section 31(7) of the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997.
Enclosure: As above
( Syed Safeer Hussain )2:2-ch-15
Secretary Ministry of Water & Power `A' Block, Pak Secretariat Islamabad
CC: 1. Secretary, Cabinet Division, Cabinet Secretariat, Islamabad. 2. Secretary, Ministry of Finance, Islamabad.
Decision in the matter of Metro Power Company Limited tariff adjustments at commercial operation date (COD) Case No. NEPRA/TRF-193/MPCL-2011
Subject: DECISION OF THE AUTHORITY IN THE MATTER OF TARIFF ADJUSTMENTS AT COMMERCIAL OPERATION DATE OF METRO POWER COMPANY LIMITED 1. Introduction
1.1 The Authority issued the tariff determination of Metro Wind Power Company (hereinafter referred to as "MPCI,") dated May 15, 2012, wherein, the Authority determined a cost plus levelized tariff of Rs. 12.7445/kWh, US cents 14.5236/kWh against the tariff petition of MPCL.
1.2 1,ater MPCL attained its commercial operations with effect from Sep 16, 2016. As per the tariff determination, MPCL is required to file application for onetime adjustments in tariff components within 90 days of COD. MPCL through their letter dated Dec 13, 2016 requested the Authority for extension of 180 days (from the actual tariff true-up application filing deadline) for filling onetime adjustment. Later MPCL through its letter no. F-NEPRA-L17-00180 dated April 13, 2017 submitted its request for adjustment of relevant components of its tariff and also submitted documents in support, thereof.
1.3 The summary of project cost allowed to MPG, in tariff determination is as under:
Project Cost Heads US$ in millions Offshore EPC contract 88.248 Onshore EPC contract 20.594
Total EPC contact 108.842 LC opening/confirmation charges 1.045
Total EPC cost 109.887 Non EPC cost Project development cost 3.916 Duties and Taxes 0.750 Pre COD insurance 1.483 Financial charges 2.611 Interest during construction 6.589
Total Project Cost 125.236
Reference Values: Rupee-Dollar Parity Rs. 87.75/USD US CPI (All Urban Consumers) 226.889 WPI (Manufacturers) 209.470
Decision in the matter of Metro Power Company Limited tariff adjustments at commercial operation date (COD) Case No. NEPRA/TRF-193/MPCL-2011