Pakistan’s National Assembly informed that first Thar Coal project of 50 MW will complete within next one year. Minister for Water and Power told the House in response to a Calling Attention Notice that work has been awarded for this project and ‘we hope it is completed within next one year.’
Members Abdul Majeed Khan Khanan Khel, Raja Muhammad Asad Khan, Nighat Parveen Mir, Malik Shakir Bashir Awan and Syed Javed Ali Shah had drawn the attention of the Minister towards recent increase in prices of electricity.
The minister said that use of furnace oil by power plants due to shortage of gas, resulted in power price hike and clarified that increase in tariff is not decided by the Ministry but National Electric Power Regulatory Authority. The Ministry has to implement the recommendations of NEPRA under obligation.
He described the recent increase as tariff adjustment to meet the extra generation cost due to use of furnace oil. He explained that “Prices are reviewed every month and when the oil prices go up or down, the tariff is revised accordingly. In August, the price was reduced by 13 paisa per unit and in September by two paisa. But, in January the tariff was revised upward by PKR 1.02 per unit that is actually 62 paisa increase and is due to use of furnace oil.”
He said in January the hydel power generation slashes to zero and we have to mostly depend on furnace oil. But, with more water coming to dams and more hydel power coming to our energy mix, the tariff will decrease.
To a question, the minister said, power generation with gas cost PKR 4.05 per unit and with furnace oil PKR 10.05 while the hydel power generation cost just PKR 1.02. He said that “We do not have gas this moment and for further going to hydel, we need eight to ten years for construction of more dams.”
He said out of around 17.5 million consumers, 5.5 million are lifeline consumers who are provided subsidy and are made to bear minimum of tariff increase.
(Sourced from http://www.steelguru.com/news/index/2010/03/15/MTM2NzUy/First_Thar_coal_power_project_within_one_year.html)
Sunday, March 14, 2010
First Thar coal power project within one year
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