ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has dismissed review motions filed by the Central Power Purchasing Agency Guarantee Ltd (CPPA-G) against the award of upfront tariff, 2013 to 12 baggasse cogeneration projects.

The Authority also considered the request made by the project developers that the date of COD should be reckoned from the date of decisions of instant review motions and observed that there has been no delay due to any act of the Authority. Therefore, the Authority has decided not to make any change with respect to the date of COD.

In pursuance of the CCI and ECC decisions, the Authority initiated suo motu proceedings under Nepra Upfront Tariff (Approval & Procedure) Regulations, 2011 for determination of upfront tariff for baggasse-based cogeneration power projects. The Authority after following due process of law and holding a public hearing issued an upfront tariff determination dated May 29, 2013 whereby upfront tariff along with the terms and conditions for power projects based on high pressure boilers (60 bars and above) was approved.

Published in Business Recorder, 19th April, 2018

https://epaper.brecorder.com/2018/04/19/12-page/711520-news.html