NEPRA approves tariff for wind power projects
2:09 AM
KARACHI: National Electric Power Regulatory Authority (NEPRA) has set upfront tariff for wind farm projects along with cutting down paper work in order to attract investment in energy sector in the country.
This upfront tariff will be applicable to those wind power projects of 1,500 Megawatts (MW) that would be commissioned first within the next three years. Gharo wind corridor in Hyderabad has potential to generate 50,000 MW, according to Alternative Energy Development Board data. Around 30,000 acres of land has been allocated for wind power plants in the area.
NEPRA says Rs 12.61 per kwh upfront tariff for foreign financed wind farm projects and Rs 17.28 per kwh for locally financed wind turbines projects has been submitted to Water and Power Ministry for approval which will finally notifying the tariff for implementation. Upfront tariff was main demand of foreign and local investors as reverse calculation mechanism adopted by NEPRA was quite expensive for investors.
The approved feed in tariff will be applicable for wind farm projects, which will complete their financial closure before December 2012. However, the government has decided not to offer wind risk guarantee to investors, as the required data will take four years for completion.
Initially wind farm investors are planning to invest for 300 MW wind power projects within coastal belt of Balochistan and Sindh, since these are termed ideal. This initiative will also attract investment for manufacturing of wind turbines in the country. ppi
(source)
This upfront tariff will be applicable to those wind power projects of 1,500 Megawatts (MW) that would be commissioned first within the next three years. Gharo wind corridor in Hyderabad has potential to generate 50,000 MW, according to Alternative Energy Development Board data. Around 30,000 acres of land has been allocated for wind power plants in the area.
NEPRA says Rs 12.61 per kwh upfront tariff for foreign financed wind farm projects and Rs 17.28 per kwh for locally financed wind turbines projects has been submitted to Water and Power Ministry for approval which will finally notifying the tariff for implementation. Upfront tariff was main demand of foreign and local investors as reverse calculation mechanism adopted by NEPRA was quite expensive for investors.
The approved feed in tariff will be applicable for wind farm projects, which will complete their financial closure before December 2012. However, the government has decided not to offer wind risk guarantee to investors, as the required data will take four years for completion.
Initially wind farm investors are planning to invest for 300 MW wind power projects within coastal belt of Balochistan and Sindh, since these are termed ideal. This initiative will also attract investment for manufacturing of wind turbines in the country. ppi
(source)
