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From thermal efficacy and heating value of local coal we the calculated
consumption of coal as 262 tons/kW
GIVEN PARAMETERS FOR COST EVALUATION
Capital Investment = 767.868 Million USD
Customs Duty = 30.497 Million USD
Fuel Cost = 4.29 Rs/kW/hr
Lime Stone Cost = 0.09 Rs/kW/hr
Ash removal Cost = 0.22 Rs/kW/hr
O&M (Fixed) = 0.287 Rs/kW/hr
O&M Cost (Variable) = 0.114 Rs/kW/hr
Working Capital Cost = 0.2276 Rs/kW/hr
Insurance Cost = 0.1021 Rs/kW/hr
Debt Repayment = given against each year (10 years)
Interest Charges = given against each year (10 years)
Tariff set by NEPRA = 8 Rs/kW/hr
OTHER FACTORS
Interest Charges
Cost of Working
Total Limestone
Total Fuel Cost
Present Worth
Insurance Cost
Variable O&M
Total Cost of
Total Cost of
Fixed O&M
No of Years
Production
Total Ash
Purchase
Capital
Taxex
Cost
USD USD USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD USD USD
0 -767868000 -30496837 -798364837 -798364837 -798364837
1 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 -61906586 -37482154 476341916 -719938916 -642802603 -1441167441
2 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 -65026626 -34362115 476341916 -641512994 -511410231 -1231349147
3 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 -68307431 -31081310 476341916 -563087073 -400794256 -1042307250
4 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 -71749001 -27633785 476341916 -484655197 -308007139 -871094212
5 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 -75369200 -24019541 476341916 -406229275 -230505400 -715160597
6 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 -79168026 -20220714 476341916 -327803354 -166075381 -572304656
7 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 -83157390 -16225396 476341916 -249371478 -112802992 -440606346
8 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 -87355153 -12033588 476341916 -170945556 -69042043 -318413521
9 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 -91755361 -7627424.9 476341916 -92513680.2 -33361361 -204306917
10 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 -96387787 -3000954.1 476341916 -14087758.6 -4535881.2 -97049561.4
11 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 163726903.7 47067572.4 32979813.86
12 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 341541566 87665213.2 251392116.9
13 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 519356228.3 119023043 460564609
14 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 697170890.6 142654977 662011205.3
15 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 874985552.9 159856589 857027479.8
16 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 1052800215 171734521 1046720074
17 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 1230614877 179232093 1232032308
18 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 1408429540 183151600 1413766478
19 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 1586244202 184173702 1592603241
20 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 1764058864 182874276 1769118478
21 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 1941873527 179739060 1943797924
22 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 2119688189 175176353 2117049880
23 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 2297502851 169528039 2289216228
24 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 2475317513 163079124 2460581975
25 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 2653132176 156066007 2631383521
26 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 2830946838 148683619 2801815795
27 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 3008761500 141091598 2972038436
28 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 3186576163 133419610 3142181111
29 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 3364390825 125771947 3312348109
30 -255518089 -5358847 -134906.3 -6787872 -17088766 -13551927.5 -86845.8516 476341916 3542205487 118231465 3482622290
USD = 97.1PKR as of 2015
DISCUSSION ON CASE 1 *Tariff = 8.8014 Rs/kW/hr first 10 years
= 6.8377 Rs/kW/hr after 10 years
As per the conversion rate of 2015, the tariff rates calculated seam feasible
3500
3000
2500
Net Present Value (Mio USD)
2000
1500
1000
500
0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
-500
-1000
-1500
-2000
Number of Years
* By NEPRA (Reference Attached)
USD = 141.6PKR as of 2019
CASH FLOW CHART (CASE 2) Tariff = 8 Rs/kW/hr (NEPRA)
Income by Energy
Debt Repaymemt
Custom Duty and
Interest Charges
Cost of Working
Total Limestone
Total Fuel Cost
Present Worth
Insurance Cost
Variable O&M
Total Cost of
Total Cost of
Net Present
Fixed O&M
Production
Total Ash
Purchase
Capital
Taxex
Value
No of Years
Cost
USD USD USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD USD USD
0 -767868000 -30496837 -798364837 -798364837 -798364837
1 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -42451480 -25702805 359365637 -792202461 -707323625 -1505688463
2 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -44590998 -23563286 359365637 -786040084 -626626342 -1418828803
3 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -46840759 -21313525 359365637 -779877707 -555101547 -1341141631
4 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -49200763 -18949439 359365637 -773711247 -491707485 -1271585192
5 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -51683258 -16471027 359365637 -767548870 -435527842 -1209239089
6 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -54288244 -13866041 359365637 -761386493 -385742093 -1153290962
7 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -57023888 -11126314 359365637 -755220033 -341623189 -1103009682
8 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -59902439 -8251845.8 359365637 -749057656 -302531824 -1057751857
9 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -62919814 -5230388.1 359365637 -742891196 -267894013 -1016951669
10 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -66096427 -2057857.6 359365637 -736728819 -237206962 -980098159
11 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 -571298353 -164234625 -900963444
12 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 -405867888 -104176178 -675474531
13 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 -240437422 -55102051 -460969939
14 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 -75006956.1 -15347909 -255785331
15 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 90423509.62 16520037.1 -58486919
16 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 255853975.4 41735325.7 132158835.3
17 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 421284441.2 61357694.8 317211670.2
18 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 586714906.9 76296166 497580607.2
19 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 752145372.7 87329175 674044081.9
20 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 917575838.5 95122118.9 847267491.6
21 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1083006304 100242643 1017818481
22 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1248436770 103173949 1186180253
23 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1413867236 104326373 1352763143
24 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1579297702 104047454 1517914690
25 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1744728167 102630680 1681928381
26 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1910158633 100323078 1845051245
27 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 2075589099 97331803.1 2007490436
28 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 2241019565 93829848.1 2169418947
29 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 2406450030 89960982.6 2330980547
30 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 2571880496 85844031.4 2492294062
DISCUSSION ON CASE 2 USD
*Tariff
= 141.6PKR as of 2019
= 8.8014 Rs/kW/hr first 10 years
= 6.8377 Rs/kW/hr after 10 years
As per the conversion rate of 2019, the tariff rates as per 2015 the
project are partially sustainable only after 16 years
Income by Energy
Debt Repaymemt
Custom Duty and
Interest Charges
Cost of Working
Total Limestone
Total Fuel Cost
Present Worth
Insurance Cost
Variable O&M
Total Cost of
Total Cost of
Net Present
Fixed O&M
Production
Total Ash
Purchase
Capital
Taxex
Value
No of Years
Cost
USD USD USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD/year USD USD USD
0 -767868000 -30496837 -798364837 -798364837 -798364837
1 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -42451480 -25702805 436886441 -714681657 -638108622 -1436473460
2 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -44590998 -23563286 436886441 -630998477 -503028122 -1217709780
3 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -46840759 -21313525 436886441 -547315297 -389568217 -1020566694
4 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -49200763 -18949439 436886441 -463628033 -294643997 -841959293
5 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -51683258 -16471027 436886441 -379944853 -215590913 -679218946
6 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -54288244 -13866041 436886441 -296261673 -150095383 -530040236
7 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -57023888 -11126314 436886441 -212574409 -96157867 -392419540
8 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -59902439 -8251845.8 436886441 -128891229 -52057006 -264631415
9 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -62919814 -5230388.1 436886441 -45203965.6 -16301003 -145192232
10 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 -66096427 -2057857.6 436886441 38479214.7 12389277.3 -32814688.3
11 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 203909680.5 58619160.5 97098375.22
12 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 369340146.2 94800416.4 298710096.8
13 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 534770612 122555622 491895768.1
14 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 700201077.8 143275013 678045625.3
15 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 865631543.5 158147647 858348724.4
16 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1031062009 168188548 1033820092
17 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1196492475 174262358 1205324367
18 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1361922941 177103901 1373596376
19 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1527353407 177336081 1539259022
20 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1692783872 175485428 1702838835
21 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 1858214338 171995598 1864779470
22 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 2023644804 167239087 2025453425
23 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 2189075270 161527389 2185172193
24 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 2354505735 155119790 2344195060
25 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 2519936201 148230980 2502736715
26 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 2685366667 141037631 2660973832
27 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 2850797133 133684083 2819050750
28 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 3016227598 126287241 2977084374
29 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 3181658064 118940798 3135168396
30 -255518089 -3674746 -63437.23 -4654678 -11718356 -9293023.73 -126646.474 450479441 3347088530 111718866 3293376930
DISCUSSION ON CASE 3 USD
*Tariff
= 141.6PKR as of 2015
= 8.8014 Rs/kW/hr first 10 years
= 6.8377 Rs/kW/hr after 10 years
As per the conversion rate of 2019, the new tariff should be at least
10.7rs/kW/hr in order to make the project feasible after 10 years operation
4000
3000
Net Present Value (Mio USD)
2000
1000
0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
-1000
-2000
Number of Years
CONCLUSION
To make the project feasible new tariff structure stated by NEPRA in
2015, has to be re-evaluated for project feasibility.
Since the construction of project started in 2015 and it is completed in
2019 the conversion rate of PKR to USD has drastically increased.
Therefore, new tariff structure should be incorporated . Otherwise, the
plant will be running in loss thus a burden on the country’s economy.
REFERENCES
National Electric Power Regulatory Authority NEPRA,(Pakistan)
https://nepra.org.pk/Tariff/IPPs/Huaneng%20Shandong%20Ruyi%20(Pakistan)%20Energy%20(Private)%20Limite
d/TRF-308%20HUANENG%20UPFRONT%20COAL%20DETERMINATION%2031-03-2015%204385-87.pdf