In addition, the seller will be entitled to receive an additional cash payout of up to $560,000 ([euro]500,000) based on net cash proceeds received by the park over and above a set annual power output of 10,865
megawatts per hour.
The operationalisation of 960
megawatt NelumJehlum hydropower plant and 1400
megawatt Tarbella extension have not tilted the balance towards hydel electricity in the overall energy mix.
The meeting was briefed about the progress on 15-Megawatt Hanzal Power Project, Shigar Thang Hydle Project of 26
Megawatts, Harpo Power Project with capacity of 34
Megawatt, Chillas Power Project of 4
Megawatt, Naltar-3 Power Project of 16
Megawatt, Ataabad Power Project of the capacity of 30
Megawatt, Gilgit Cardiac Center and other projects.
The people of the area claimed that total requirement of upper Chitral was about nine
megawatt but currently it was being supplied three
megawatt.
At the beginning of June, the hydel power production came down from 6000 to 3000
megawatt, 1200
megawatt Port Qasim Power plant developed fault, load on transmission lines affected the grid stations and 1000
megawatt Biloki power station stopped operation that led to spike in load shedding, he said.
The plan envisions buying 120
megawatt of electricity from Israel, which currently stands at 70
megawatt, raise the electricity generated by the Palestinian power plant to 80
megawatt from its current 50
megawatt and increase the supply bought from Egypt from its current 23
megawatt to 30
megawatt.
* New Hampshire only allows systems with under a
megawatt to sell power back to the grid, with a total capacity of 50
megawatts, to be apportioned by load among the utilities.
A fee of Dh600 will be charged for production of each additional
megawatt, payable from the date of actual electricity production.
In Dhofar region, which covers around 77,000 electricity customers, peak demand is expected to grow at 10 per cent per year, from 420
megawatt in 2013 to 800
megawatt in 2020.
"The new project is part of an overall plan to raise the share of the private sector in generating wind power to 67 per cent of a total 7,200
megawatt capacity by 2020," he added.
"Pakistan is keen to import electricity from Iran and at least 1,000
megawatt will be exported to Pakistan and 6
megawatt will be exchanged between Iran and India, as well," he said.
The contract is to add around 132
megawatts of renewable energy for utility customers during the next 20 or more years.