ISLAMABAD: The Nationwide Electrical Energy Regulatory Authority (Nepra) on Thursday cancelled the era licence for a $600 million coal energy plant being constructed by a Chinese language firm in Jhelum district.
The era licence was issued by Nepra to China Equipment Engineering Company (CMEC), and the era tariff was set at Rs8.fifty five after settlement with CMEC.
The coal powered plant was to have a producing capability of 330MW.
Nevertheless, CMEC said that the tariff Nepra proposed isn’t agreeable to banks, the coal current within the area is sub-commonplace and railway infrastructure is just not current within the space.
Based on Nepra officers, the plan for the coal powered plant has not been shelved after the cancellation of the licence.
The corporate which can also be a key contractor within the $four billion 969MW Neelum-Jhelum Hydropower Undertaking in Azad Jammu and Kashmir had been lobbying for Rs11.sixty seven to 12.four per unit tariff that was far larger than upfront tariffs for tasks on Thar coal and imported coal. Nepra allowed a 30-yr levelised tariff of Rs8.fifty five per unit.
The undertaking envisaged energy era together with coalmining challenge within the space of Choa Saden Shah with a mean manufacturing of about 6,000 tons of native coal per day.
The CMEC had promised to introduce semi-mechanised mining method for the primary time within the area with an funding of $200 million.
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