Govt plans 747MW power generation worth Rs 59.775 billion

[LahoreEstate]

ISLAMABAD: With the assistance of US and China, the government plans “747MW Combined Cycle Power Plant at Guddu” with a cost of Rs 59.775 billion with Rs 45.472 billion as Foreign Exchange Component (FEC).

Sources in the Ministry of Water and Power told Daily Times that “Export Credit Agency (ECA) Financing Consortium” would finance the project. The Chinese Exim Bank and US EXIM BANK would finance the 85 percent of cost of the project (for respective country’s origin equipment) whereas 15 percent of engineering, procurement and construction cost and local component would be arranged by the GENCO-II.

Installation of 747MW gas turbine combined cycle power plant at Guddu comprises of two gas turbines 261MW each, two heat recovery steam generation and one steam turbine unit of 225MW. This plant would operate on gas by diverting gas quota of 120 mmcfd of existing steam units (1-4) of power complex at Guddu. The gas turbines were improved design and have higher efficiency with combined cycle up to 56 percent, the sources maintained.

The project would be completed in 36 months and an amount of Rs 22.967 billion has been earmarked for the year 2009-10 under Public Sector Development Program (PSDP). The existing power generation capacity was not sufficient to meet the ever-increasing demand of the country. The power demand projection based on growth rate shows that power demand would increase from 15,183MW in 2007-08 to about 20,000MW in 2010-11 in the WAPDA system and severe shortage of power was expected in the next two years.

A strategy has been developed to meet the growing demand of power by exploitation of indigenous resources i.e. hydro, coal, natural gas and nuclear (through indigenization of nuclear power technology). It was planned to add about 1260MW from hydel generation, 880MW from alternative energy, 4860MW from gas, 900MW from coal and 160MW from oil in the system by the year 2010. A 325MW nuclear capacity is also expected to be added in the system by the year 2011 while the total nuclear capacity is planned to be 8800MW by 2030. ijaz kakakhel

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