24 PO 9212024 Tariff Petition FMSP

User Manual: 24 PO 9212024

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FRONTIER MEGA STRUCTURE & PO VER (PRIVATE

) LIMITED

2.4 M« GH

ANOOL

HYDROPO' ER PROJECT

TARIFF PETITION

LETTER OF INTEREST (LOI) BY SARHAD HYDEL DEVELOPMENT

ORGANIZATON (SHIDO)

ATTACHMENT T - 1

TECHNICAL CONSULTANTS

FINANCLAL

CONSULT

ANTS

F: E f J ^^.17 i,•J

n,^ ^Ll, ic^l r

{, '11r)A Nor

I',I~L^ 1^ I.^^rsV lA

^. ,1i1 ^^

S H

Y D

SARHA,D N't'L)E^- L.'E^Urt,ntttiT ORGANIZATION

Government

N.W.

F.P.

Peshawar

To ^

M:S GLOBEZ

i7-, Shiekh A4altoon Tovrn,

Mardan

NWFP

Phone

0937-865113

No 2-o - -Xj:SITYDO;OPP:Globez

Dated

, P

esha

•.. r thiu 22 + 3J20 I D

}

Subject

: LETTER OF INTEREST (LOt) FOR DEVELOPMENT OF 1.40 MW

HYDEL POTENTIAL PROJECT AT RAW SITE AT GHANOOL NALA,

NEAR BALAKOT, MANSEHRA

PPgis;rj!,or, No S1^Y0J,'PP/2004x_

n0irooi

lv';^!o-Crl drlfoJ 6 7

2009

Ref rc'ricd

rlus o'r'e tvCC rssU

ed was No

110.14

S!-fYD0

DPP/GL

08EZ d sled

7 2.2010

end 'UbsCquc

;t!;'y

you'su^m's

.cror

: i)fUic.s:i,r!r'i;)

Gi:ii:;iriIv.

No.62)04

cf:rfr.'d

S 3 2010 .^r,t^unrrr

. !,•, Rs: 7,00

.oLia.'-

in )C:n'., Of iho prov,--ILr:; of lho Provincvai Policy for Po';:cr Generation

Projects, 2006 ;the 'Pokey" ), the Government of NV FP hereby confirms its interest rn your

proposal for developing the :A•.v site at GHANOOL NALA near

Balakot

Mansohra for

pourer potential of 1.40 MW approxirnatety ithe "Project',).

As per the policy

under cla

',;

se 44, you are hereby

ssued the LOt for

conducting the feasibility study for the subject project

at no risk and cost or arty obligation

On part of GoNWFP

.,SITYDC)

or any other agency

v:ilh:n maximum first 1welvv (12) months

and subsequenlty ccnstruc.on : t%ic:t en

of p(-

)

v:er

pizint and bring it into power production

within rem:!in

nrl rn;a

: imL.-,i tr.•t9:r ', 1:'.i: f2.f inenthe of 1f-,e

totol grace, ptriiod of thing six

(36) months

\'ou v:::i :-) r c to carp uut ttit: fuasib fa; study accoidiiry to the spec.list

milestones

; time :;chedu`u to Lr•u piovide'd by you to SHYDO and subinit the montnty

progress

report accolJin J!y

SHYDO v:ifi ip o:nt

i Ponel of t=xperl (POE) 10 monitor the fua3rbittly study

progress according

io he 6rq;u:cr1 ina_ ;

lungs and to ensure thta rrnptunlcntation of the

project consi

tent With lc: a ii Bill: :JI,u

tcd lot tire 'grace

criDd of lhl%i c

years

for 11w COrttitru

•

ct,on u' the scncmc o;, per Poi'.-el Pu

rcy 2006

Is_;u iii c trig

L0; c

., th t p

:,.i:I`q nt Is .ala

i,' Or you: c4r

cluCliny fujsibihly

study there, under Carr

nci ;orrn ti 1e Jacii• ;

f ;lily :i:r,ill (or c:mpen_ut'on Jr di mo9c5 by the

spans-or or th

p:C;t-C' Clumng ihlcc:gt

;

U '_ 1 agD nz.I t:te

Go ^; !F P,

_ ,

H'i'DC

or cl it`'. d]i:n.. i:5 C

n ^rl'y g ot:nls ^

t',als:)@:ur, diirir 3 or after the

U;.

y' _ r b:^5^K•1"`i .^

ham, - ...^.

Subsequent to the approval of the feasihility study by PoEISITYDOllrrrgatron

,artment, you will be issued

LOS of

Iihe construction of the project.

In case you fail to comptute the feasibility study within prescribed period of

issuance of this LOI according to me given milestones and other clauses of the GoNWFP

power Policy 200G. SHYDO n nay terminate this LOl and encash the Bank Guarantee.

This

LO! has been issued

in dupticafe on dale hercof, and it shall

come info

effect

when

one copy

hereofis

received by SHYDO afterhovirag been duly countersigned

by you. Neverlheless, this LOT shall lapse if

the

countersigned copy is

not received

SHYDO within thinly (30) days of

issuance.

For and on behalf of

(Nanme& Signature of Sponsor)

cc.

t. Managing Director

^. The Secretary. Energy & Power Department, Peshawar.

2. The Secretary, Irrigation Department, Peshawar.

Managing Director

;

\,^\r

FRONTIER MEGA STRUCTURE & POWER (PRIVATE) LIMITED

2.4 MW GHANOOL HYDROPONXER PROJECT

TARIFF. PETITION

TRANSFER OF LETTER OF INTEREST (LOI) TO

FRONTIER MEGA STRUCTURE. & POWER

(PRIVATE) LIMITED

ATTACHMENT T - 2

TECHNICAL CONSULTANTS FINANCIAL CONSULTANTS

n'r

,:E: ''J.._ P-^

S IT Y D Q

SARHAD HYDEL DEVELOPMENT ORGANIZATION

Government of Khyber Pakhfunkhwa,

Peshawar

No 1254-65/SITYDO/DPPIGiobez

Dated Peshawar

the 08 112 12C10

MIS GLOBEZ

79-A, Shiekn Maltoon Town.

Mardan, 23200 KPK

Phone 0937-881128

Subject: Ghanool

Nala near Balakot

(1.40 MW).

With referen;e to your re;;uest vide lettei No nil dated 26.11.2010, Managing

Director SHYDO has given approval for chanoe of name from M/S Globez to M/S

Fronlier Mega Structure & Power (Pvt) Ltd, with the condition that the above referred

_CI

trims

cord ;Inns

for

Glu IFCt

prcjec

will rerr:iin

Intact.

-Pi

bank

uarantee

already provided will be replaced with a new company name mentioned in your letter

with

same

validity

time period Also you are to provide an undertaking, signed by both

original owner/sponsors of

companies that newly submitted Bank Guarantee would

b.: encashed if any

terms

5 can +^1 ors

01 are violated

On providing

the above. an addendum will be issued for chance

of co npony

ran}_ and registration No r.t; and the

old Bank guarantee ,will be returned duly

released.

(Private Power)

(:C

PS to Managing Director SHYDO

, Peshawar

Director

(Private Power)

FRONTIER MEGA STRUCTURE & POWER (PRIVATE) LIMITED

2.4 MW GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

FEASIBILITY STUDY APPROVAL NOTIFICATION

FROM SITYDO

ATTACHMENT . T - 3

TECHNICAL CONSULTANTS

FINANCLAL CONSULTANTS

RIAZ AHMAD & COMPANY

Cnan;redAccountants

RENCON

- -1

NEX1A

S IT Y D O

SARHAD HYDEL DEVELOPMENT ORGANIZATION

l.nri i r.,... ..

^ ,.l

R err

^ri'r ^nhht1

/11ka<111'[!

'.^heiN

'1ir

I).it Ca.t I'^:ha ^

.:rr the I i

L1 S Flo!-,e. (main company

tv1,^ 'rr^,

i tip' t:teaa Structu

e & Power

(Pvtj Ltd

, (sister ccn11.^:

!own

Subject

Approval

of Feasibility Study for Ghanool Nala HPP (2 a MV1r1 at

Batakot

09;SITYDOIUPP!G!^'^er fated

est LOI` 2070

a! seasibil r study for the subject pro

ect was sunmlaeci ':(de

iener

Nc E2E4

gated 8 3.2011

Ltea,

SITYDO

is pleased to communicate the following de(:,^,,(s taken

P-; e' c,f Experts (

POE) meeting held on 24 3.2011

',;u rn,^ t h7

,- .. 'nr ("ha

n^0! Naia F7 r

: F' tv`VV

nas been completed by MIS FMr;c

1.1a _; t ^_ m Ir51C c5 oivrn !N: Letter of L

,lcl r. ,

Lto

e: i;lllfv

'fustify the assumptions made regarotna

!-oj;.•c! costs

.v"iie m:lina the

tariff petition to NEPRA

FOE certifv only

the completion of the Feasibility Study h

•CWev?' d

ue to

natu,e of data and resultant conclusions

Panel of Experts

r.intlt' and/or

end Rio :al'v -will

not be responsible for reliability of data

c.urtt:i t and

conclus ins :Wren n

the feasibility study

the Erlvirollmenia' clearance 1'(:'" the

Govt of K-..),bei Pakht,ink;i•..:t ^...,

.i....'. FX.4'! I 11

1 I-r^ I (r?':'

) l f '

ii. a- : -,::ranee w

th the provisions of the Policy for Power Generation: Piole:.ts

o' Khyber Pakhtunkhwa and its subsequent amendments upon the

:hr feasibility study by the POE the sponsors are required

n apfl each

^1i"r'•': - P SCO

f,-)t tariff negotiation and finalize their tariff within thr,-^t• •nnni`'s

autslEd

to approach

NEPRA PESCO and l u•

'doff

.,••.a r,+r,li ^) within three i3• months starting

t,-or

Vve appreciate your efforts for completion of the feasibility study and txpec.t the

Sandi pace and spirit for negotiation

and filling the tariff petition

with NEi

Yours Sincerely

Managing Director

SHYDO

Copy to

a; AAanager (WPPO)

JJhr'O+r rouse I ahore

Chief Executive PESCO

WAPDA House

Peshawar

The Chairman NEPRA

OPF building.

G-5/1 Islamabad

PS to Secretary

Energy & Power Department

Govt of Khyhei

?ab.htunkhwa Peshawar

..If P14w.ri SHrIY

'^f th

apdaHouse Shan Road Peshawar PH j091) 9211558 1 1

1:,*

FRONTIER MEGA STRUCTURE & POW-ER (PRIVATE LIMITED

2.4 MW GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

Noc FOR TARIFF PETITION APPLICATION

FROM PESHAWAR ELECTRIC SUPPLY COMPANY (PESCO)

ATTACHMENT T - 4

TECHNICAL CONSULTANTS FINANCIAL CONSULTANTS

t,JCC.I'

p 7 L f, er, rnti,v ,`^,

"'03-

P -i NU. : 0O92^ 1 X21 _\323

PH#r 091-9212334

Fax 09) 9212024

Ivi/s Frontier tits ^

✓

9a Strtjr e

179=A. Shc

kh Matto

own.

d Power (P ) Ltd.

L V

"Ref:

your

letter No. Ni dam-

Jun. 01 2011 10:^2Ari P1

PYC

OFFICE O

CHlEf

F THE

EXECUTryE PESCO

WAPDA HOUSE. PESHAWAR

AES-o rote, p •-2011.

-Axcheae

Pier from 2-4

A.NV

Balakot subject to

t e Gnool

Hydropower project

If the above

temisand c+ ors i

ebb b ^e

frm• cow

of tar•IfT petition be

submitted to this office before apprpa.iir, U* PRA th debermrntbn.

ons:

frl If the tart? tleterrvrW

lr it

ebb to PESC.O.

2) - Metering wig be dome at 132kV OSS

3) The inter onnectxRy

and ft t lwd to B.

decided later on

copy to:

I 2h ief o

p ar Cpp

2) Man

aging

r^clor

F'PB,

Road

. F-714.

Fstemebad t.

FRONTIER NZEGA STRUCTURE & POWER (PRIVATE LIMITED

T-% -r' r r Ti ^

-'r' r) T) T) C-) T-' ('T

Z.` Al^'V VI1:^1\VVLiiiLnVl

" jv L_1^t

t^vji.^.^

%'%'7

TARIFF PETITION

Noc FROM ENVIRONMENTAL PROTECTION AGENCY

ATTACHMENT T - 5

TECHNICAL CONSULTANTS FINANCIAL CONSULTANTS

1111±

III' ICn

t'() Ie•(ii(,

t .1!u

nC\

-nvironntcnl I)clla

•llncttl

.. . ,,, .'. n 1 t'ul,

lrtrrrrltlr„';r

ri 7eeshan rr,an:aaa Khan.

Ct el l xecut;ve.

F-ont,er Meca Structure 8 Power (Pvt) L,mitec

Mardar,

;'hone Nc• 35,.,T-S 2

ISSUANCE OF NOC FOR GHANOOL HPP (2.4 MW) BALAKOT.

nciose

;-egal Environmentai Aparoval;

Ghanool

f iv:iro

Power Pro;ec,

Balakct D

slr c:

1Jt.n, d t(! vojr irltj

r-atlcn an

urtner

mplem

a;,o

plea

De J

ector A

1rii F 100r-, Old Courts

Building

. Kh her Road. l'csh,m;ir

(':,ntt.

I c I : '1,, ( ` t l l `)2 10?63-92 1 0 l 4S. 1 ;, \ : 92 (91) 9)? 1O2 8O

SCHEDULE-VI

Decision on TEE

1. Name, address of proponent

: Zeeshan Khanzada Khan

Chief Executive

F-owner Mega Structure & Power

(Pvt) Ltd. FMSP.

Phone No. 0092937881128

2. Description of project. Ghanool Hydro Power Project is proposed

to be built on Ghanool Nullah at Ghanool

village. The site is located 16 Km

upstream of Balakot in Distt. Mansehra.

The project is to operate on Run-off river

basis. The flow in Ghanool Nullah shall be

diverted downstream. The channel will run

up to Dhamdar village where Forebay will

be built. A steel penstock shall be installed

to take water from Forebay to

Power House. The water from Power

House will be discharge into Ghanool

Nullah.

3. Location of project

The project is located in Balakot

District Mansehra.

4. Date of filing of !EE

, 09-05-2011

(Ref. EPA Diary No. 376)

5. Attcr careful r

ev c.•., the Environmental Protection Agency, Govt

of Khyber

Pakhtunkhwa has.::ecided to accord approval of the Initial Environmental

Examination

for Gh

inool Hydro Power Project

Balakot

District Mansehra, in

line with the guic _

-lines

issued by Pak

EPA and IEE

EIA Regulations, 2000

Subject to the follor:,ing

terms & conditions:-.

a) Inc proponeril

will adopt all precautionary and mitigatory measures

identified

in lEE report as well as

any

un-anticipated impacts during the

construction

and operation phases of project.

h) Land compensation

agreement with land owners

houses and flour mill

owner, should b'' provided to this Agency before starting activities on the

Site-

c) Debris

excavated material should be disposed off in designated areas.

d) Non technical jobs should be provided to the local community.

c) Compensation )f the land should be paid on market rate

as per govt.

policy.

t) Afforestation pi•.^gramme should be planned and communicated to this

A(lenc:y.

g) Renolar dischL•-je of water should he ensured for the: use of present

dependents on ::ownstream river.

n) ..GnStr^J:.iiOn o:tl.:)' Sf1G^IJ not be cameo Out curinng the nest1-.91' tcrung

s(iL^Sn)n of l:•Ilo an'

`c'ty cif !S-

S .--Ia:!0

cs .. _

a`ter

mForm Ing

he local

)Crn!n^;rr[^;!O ; so -nunr,y

Health and safet\ •neasu-es (

PPEs

)

should

be provided tc the staff during

pnctruCti^n '

-id - e-ation stage.

rhu proponent shale : c IiaS''

e `or correctness and val dity of the mformaticn

supp' ed by the envi

nmental consultant.

i he proponent

shale liable for cornol ancc of sections 13, 14, 17 and 18 of

ICI-'CIA I:e_ulations 2000, regardi

ng approval

c;.nfirmation of compliance,

unlry, inspect'ons aT mon!:Or•na.

rt!.S

a J(>^ 0^^: S

uc: Oed C- y for the

i stc Marion/ Construction phase of the

pruiect Thy: pmnor

it w,ll obtain approval for operation of the project in

:sccorduncc w! Section 13 (2) (5)

and Section

8 of the IEE/EIA

^,ny C^.an t v^ ect Se commur!Cated to EPA, r;h.,oer

ctintu kSv a a^d c -n enced a':er ebta!ninc the approval.

.'u u e i. CS ^u:l and void if all pr ary of the conc!t!pns

rcn:ion('d anon e 'S, e not c.,mpliea v,, th.

apprcval does : boo-.a the proponent Of the uuty

to oDtain

ony other

upprova. car C caracc :~at may

ae recu

rec uneer any law

n force

-.:u!nst the pr ^.t

in crc s( of -nu ,tier under Section

12 of the Pakistan Environmental

A-t, 1,99 the e

cersgned is pleased to approve the IEE Report

f(r corst ru, t on o . ,_ of ,ne Droicct

with above mentionCd terms and

conC^t!on-

ISutud:

l^ushawcir

`^- 7- ? n /1 ^+

I rack

nq/ Hlc.No. ! I'A

/it C/: :puol •1.PF/ qpZ-

DIRECTOR GENERAL

^ll I I

EPA, Khyber Pakhtunkhwa

3`° Floor

SDU Building

Khyber Road,

Peshawar.

11 S.

FRONTIER MEGA STRUCTURE & PO\'ER (PRIVATE) LIMITED

GHANOOL HY

DROPOWER PROJE

TARIFF PETITION

LETTER FROM NATIONAL ELECTRIC POWTR REGULATORY

AUTHORITY (NEPRA)

ATTACHMENT T - 6

TECHNICAL CONSULTANTS FINANCIAL CONSULTANTS

P,Ef'JC^ r'J

,I Its

National

Electric Power Regulatory Authority

[18 1d

Islamic Republic of Pakistan

REGISTRAR

rioor, OFF 5utidtng, G-5i2, 5hanran e :amhurat, ;s a:;;ouu

Phone

: 9207200,

Fax: 9210215

Wehsite

: www.nepra.orq [Ak,

Email: info

(a)nepraorq.,, k.

) :\ Sheikh \lulloon

to I1

irdtn

'^ulljeet: ^I'YflO^

al. OF } F:AStRII ITY STtTDY FOR CHANOOL

ALA HPP

(

2.1 !tlWf AT l3a}

.A}:(YI

I'le:,u• :ite: 1„ IL:t:r \'' _-22S SH'i

DO'DDP:'FMSI' date) 1'-04.2011 of Sirhad Iltdrl De i

^pntini

,t1VI)i_)I just

e....: :o M F-ontter Mega Structure

Power (Pet

) Limited il=\1..1'i

the FMSP

bus been advised

to apnr(1Jcn

^1_I^li `t IUi

li 1111 iuf

'ICI_i :)ro)CC:

N'EPRA'

guidelines for

submission

{)r ll^.:'iu: !UI' 1J1;',

:,j

etc.=-nati

ofTariffare

detailed hereunder.

I Ice

nce

can he

suhn

111ned pursua

ctiu:l

111

^I:I'

{^.•^ \i

:I lid

^^...in:i ^^;.•

Me pr

uiedure set out in

the

Reet

at ions' alone

\\11h

pil'<:

:'Ihc^l

!ce :5 Iii:

,i of the Regulauvns Copies

ui E}'li , :;i..` :hi 1 _.Ilal iu;. .: i

)CiIi un or :ar 11 Jete:-n,1-tation c

an he

filed as per Tariff Rules alone with applicable

ICC. a-

., i rc ;air; rn n' , Rote ?t i) of Tariff Rules' Copt of"farifi Rules is enclosed

1'ii^.^: a to h t inc L. i.cnie A.PpltcauonTariff Petition fees are linked Huth C'P1 ret: ed on monthl\ bust..

i:r: n:n: „t•;,;) !,cubic lee :na.v be confirmed from this office at the time of filing Generation Licence

i): i,l:i•^,Y I.I flit P tit: ln.

I ncI: :\I .Ih,•. i

(Seed Safeer

1 ussaut)

icclor

. SHY DO. _,(

16-'>VAPDA House

Shame Road

Peshatear

jtiI

FRONTIER MEGA STRUCTURE & POWER (PRIVATE) LIMITED

2.4 MW GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

LOCATION PLAN

ATTACHMENT T - 7

TECHNICAL CONSULTANTS FINANCLAL CONSULTANTS

K. AZ AD &: COMPANY

0 S

FRONTIER MEGA STIWCTURE & POWER (PRIVATE) LIMITED

2.4 hMW GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

SECTION °- 8

TECHNICAL CONSULTANTS

FINANCIAL CONSULTANTS

RIAZ AHMAD & COMPANY

X1A

C n3rlerec ,ycfoui:ani

RENCON

(Ii,

wain " w In

(frontier Mega Structure

& Power

(Pvt) Ltd.

BEFORE THE NATIONAL ELECTRIC POWER

REGULATORY AUTHORITY

TARIFF PETITION

ON BEFLhLF OF

FRONTIER MEGA STRUCTURE & POWER (PRIVATE) LIMITED

FOR

DETERMINATION OF FEASIBILITY STAGE REFERENCE TARIFF FOR SUPPLY

OF ELECTRICITY POWER SERVICES

FROM 2.4 r W HYDROPOWER PROJECT AT GHANOOL, DISTRICT MANSEHRA,

K IYBER PAMTUNIH-IWA

BEFORE TI-IE NATIONAL

ELECTRIC POWER

REGULATORY AUTHORITY

TARIFF PETITION

ON BEH

ALF OF

FRONTIER MCA STRUCTURE &

POWER (PRIVATE

) LIMITED

FOR

DETFRMIN.1TION OF FF.\SIBILITY STAGE REFERENCE TARIFF FOR SUPPLY

OF ELECTRICITY POWER SERVICES

FROM 2.4 MW Hsi DROPO`VER PROJECT AT GHANOOL, DISTRICT MANSEHRA,

I^I-[YBER PAKHTUNKHWA

FRONTIER MEGA STRUCTURE & POWER (PRIVATE) LIMITED

House No. 179, Sector A

Street No. 4 Sheikh Maltoon Town

Mardan, Khyber Pakhtunkhwa

FRONTILP, MrIC_'. STRU,criu t & POWER (PRIVATE) LIMITED

2.4 My

Gi-LANNOOL

HYDROPOWER PROJECT

TARIFF PETITION

DETAILS OF THE PETITIONER

1. Name and Address:

rontier Iviega Str

cture & Power

(

Private

)

Limited

I louse

No. 1-9, Sect:-,:- -^

`treet

No. I sheikh '.1 ,lrc.on Town,

Mardan, h

1, beg P i l:rar.:^^rya

C^O,Ci319

Company Reis rade n

No.

Phone

: 093- - SS 1 1 ,8

Fax: 1193- - S6,-, 113

Email:

zkzau

1^;_,

rm u.com

Project Sponsors

i. ^1r. Zeeshan ILnanza is

.Authorized Representatives of the Petitioner

'vIr. Zeeshan

Ch e e

n -„

r:onm

Ic a S ucture

& Powe= Pd

vate

) Jun tee

H oust N

o. 1 -9. Sector A

Street No.

Sheikh Maltoon Town.

Mardan. Khyber Pakhmn.khwa

Phone - 8811 28

Fax : x:193- -

8681 1 3

Email : zkz(Ft hormail.com

_'. 'vL. Muddassar Mchmoo Z(-A

Partner

Riaz Ahmad & Company

Chartered

ccountants

2A. _118 Centre. 30-West

Fazal

u11-IHay Road

Blue Area

Islamabad, Palastan

Telephones

(

92-31)

1 21-2

Mobile :

(92-333)'

4223

41 49

Fax :

(92-5

88 59

Email :

md(a

racopk.com

8.1

} RON'TIER M

EGA STRUCTURE & POWER (PRIV

=^.T1:) L i it i }. J,

2.4 Mw GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

_n, ,u.Fazal Mahrnood Qureshi Technical

Consultant

- Renewable Ener ;\

(RE's CONS

-4. _\Lr. _ mmad A

hmed Financial Consultant

- Raz Ahmad & Co,r

11p,

Chartered Accountants

GROUNDS FOR PETITION

1_-rider the "Regulation

of Generation

Transmission and Disrribu

.:ion

Power _^ct

(

1I_ of 1990 hereinafter referred to as

the

EPR-^

Act, NEPR^ (the ";:,~

' 1

ec _r}c

Power Regularon

- A

uthorin

) is responsible

inter-alia

to determine to it

tether terms

and conditions for the supply of electric power services

by the ronc^.

ua.t srn:

ssion and distribution companies and to recommend them to tlx:

(0cv-e

r;irnent for noutication. PRA is also responsible for determining

the ^,r^_=cep

procedures for reviewing

and approving tariffs and tariff adjustment

s, etc.

Frontier Mega Structure-& Pose

r (P '-,-ate

) Limited ('FMSPL"j is a ?tit ;_:

c ompany and registered

under the Companies

Ordinance, 1954. Sponsors of F^l^ '

,e up, on BOOT

basis

,•

a 2.4 '\. W Hydropower Pruiect at about

:6 Itims ut, rr;

I t, over a narrow `orge 'uf Ghanool N; llah ,ha:ha;:

B_ lak(^t-N.._

i^a tier Pa'!-lhrunLhwa Province

of Pakistan.

Feasibdin- report

tar the project has been approved

H the SHYDO , I'.

convF

yet

h` )(_.)

vide

letter

No.

~,'_'^`

\I-I

I 1( ,) DPP F\ IS v.... _ _.

AOC from Pesha\yar

Elee:ric

Supply

Compan

y vide letter

date- 2 'play "011

has been received.

`.OC from Env

ironmental

Protection

gency

, E

nvironment

er: nenr of Khyber Pakhrunkh^wa

vide

Icrter No. EPA. IEE, Ghanool; 9(.

ui, -,,I1 has also

been obtained.

National Electric Power Regulatory- Authority (, EPRA) vide letter

NF_PR_ 'R/ L_AG-30/FMSP,' 285-S6 dated 6 Mar 2(111 has advised the nha,ri^t 1t

1 r.!>n ier Mega Structure & Power (Private) Limited to approach NEPRA for a ^; :• .,

tariff determination for the project.

In accordance with the policy of the Government of Khyber Pakhrunki-jo

Government of Pakistan. F'vISPL'is submitting this petition for determination of Fe o _,:

taee Reference Tariff for the Project based on the technical data and cost estimates

t_le^feasi'bilitt report in order to facilitate its financing and impicmcntat on. F'\ISPI_ ^.._

submi-,ed an application separately for grant of Generation License for the project.

(?31)

F'RON I [AZ INIEGA'STRUCTt

RE & POWER (PRIVATE

) LIMITED

2.4 h1\, GI

-L',NOOL

1-I-DROPOVER PROJECT

TARIFF

PETITION

11. In accordance

«-irh the

requirements

of NEPRA

Act and Rules and Regulations

made

there under, FMSPL

he_-eby

submits d1

is Peridon, in accordance with the YEPRA

(Tariff Standards and Proced

Mire; Ru]

cs 1998, for determination approval of the Feas:biLm-

Stage Reference Iariff and rs Adiustlmenr Indexation provisions and other terms and

conditions for the project.

INTRODUCTION

1?. The project sponsors as

listed above have formed consortium comprising of

Renewable

Energy Consultants (RENCON)

and Riaz Ahmad & Company

Chartered

Accountants

(RACO) to und.r:r:l;e

the feasibtbn

" study of 2.4 MW

Hydropower Project.

13. Prolect was offered by the SI-IZ-DO for implementation in the private sector

pursuant to the Sar}aa d Hvdel De:-veloprient Organisation Polies 2006 and GOP's Policy for

Power Generation Projects _, -2 "Policy").

14. The spons:,:-s \vere ; rc gummed and a Letter of Interest '

,LOT) for canduct"_1110,

feasibihn study of the said pioiect u-as issued to M;'s GLOBEZ (An associated

u_lder"taking: by Sri r DO lets r tic,. ^i i, -DO, DPP, Giobez dared 22 March

010 (Attachment T- 1). ' ill ryas u ans te:"red the name of \1, s Frontier Mega

Structure & Power :Pr:vane i..r.Zr d vide letter no. 126

-65 .%_

',H1 DO,"DPP,Gobez dared

S December 2011 (Attachment T- 2) as special ucpose company was fanned for this

projccr.

13.

The

work ,r,:

rcass_^_i

.,dy cutn^e:,ced ;11 March 2010. The assienmenr included

site roves aeons,

i':1

nra n .r 1

s:,ady, t

ccjl]ecIIon and review of

ious studies

and eVsung data,

op:11m_ zatI In

oject

arame

rs.

cost

es-±mates

and economic and

financial analysis.

h(: consulranrs

submitted

reports

core

acu

aes

of the

study

and

gave

presentations to the S1^ .-DO's Panel of Experts (POE; from time to time. POE's valuable

observations and comments were duly acknowledged, evaluated and suitably incorporated in

the feasibility report. By the Trace of _dlrrughn- Allah. the feasibilin- study of the project was

completed within the supulared period and the draft Feasibility report was submitted to

SITYDO on March (1S. _011 and presentation thereon was given to POE on 24 March 2011.

Feasibility. report for the project has been approved by the SH\-DO's Panel of Experts as

conveyed by SHYDO vide letter No. =2 _S, ^H^ DO, DPP;'F \I^P dated April 13,

2 0l 1.(Attachment T- 3)

16. NOC from Peshawa- Electric Supply Company vide letter No.64--49 dated 28 May

2011 (Attachment

T - 4) and NOC from Environmental Protection Agency- Environment

Department, Government of hhv ber Pakhtunklawa vide letter no. EPA/IEE,'Ghanool/ 96_'

dared 0- July 2011 (

Attachment

T - 5) has also been obtained.

s.3

'10:^TlER MEIGA

STRUCTURE

POM'ER

(

PPI

VATL-

)

I .I\la-[

2.4 MwGHANOOL HYDROPOWER PROJECT

TARIFF PETITION

-<anonal Electric

Power Regulator

t• Authr

_,_in 1EPR`,) tide

dared 6

ar 2011

(

Attachment

T - 6) has,

rhE t;.:tnagement

of Frontier Mega Structure & Power

(

Pi ate

) Limited r: a

Ii1 R_\ for approval

of tariff determination for the project.

Pursuant to the

directions of the SM

DO. this Tariff Petition

has beenrc

anal ^ ind by the

management of Frontier 'Mega Structure

& Power (Prig at()

ace rdance with the

requirements

of the NEPRA A

ct and

the rules framed the:_

;s a new prospective

Independent

Power

Producer

A(PP), and is cura,.:,,:i,

lrc: ns:. e: under the EPR^ Act. F''1SPL

has, therefore

simultaneously

tiled

apuhcation with NEPRA for the

grant of Generation License.

S The Reference Tariff as determined by NEPRA pursuant to this Pc .-

lin(" a part of the Power Purchase Agreement (PPA) to be executed between 1

1 Structure & Power (Private) Limited and the Power Purchaser i.e. CPP_

:i the l'PIB's standardized PPA format and as mutually agreed to by

cot

err

the project specific reduiremenrs.

11 ll the pe. anent information

about the proiecr r

.e. sponsors inform

csc, t:aon, the Envuonrnental.

and Social Impact

Assessment .L- SLao

::1? - aecdhn ran^ements with \TDC'S Grid System, hisanc:al data, an

\v rl.in or attached with this

petition.

:^1ana^^enaent of Frontier 'Mega

Structure & Power

.Pm .lte:Lesuced i l

.. adds no : i Lnfoi

:::

auon as and when

PRO) ICT

DESCRIPTION

The project envisages development, designa. end*ineerin

`, financing. c_a non-.

tesrin & cotnt

russionine, owning, operation

maintenance and transferc. ?.-1 i\FvA I:'

ri;e 1'i, er It^dro^_..^,xer

Plant at 16 I m upstream of Balakot in the

Itihvbcr Paid:n,

,\-MCC of P

akistan on Build

Own. Operate and Transfer

'BOOT`

basis in ac a

ct Sat- tad HIN-del Development Organisation Policy

2')06 and GOP

's PohcI f-;

Gen(--ration

Projects

002, as amended from time to time.

;. The Site

is located at about 16 Kms upstream of Balaks)t

•

a steel

truss b:c:ic

r . narrow gorge of Ghanool

Nullah

(

Kad a) on Balakor

-N .ran road.

=41. Ghanool nullah

is one of the small but perennially flowing left

bank tribuaratn:

C.::n't;ar River that

has its confluence about 16 kms upstream

of Balakc,t

c_rif]uence of Ghanool N

ullah with Kunhar River is almost in

front of Tancaii

a ;ii, t7 is a maior right bank

tributary of Kunhar river

. The '

.mullah flow on< in::

:,i.ici. l melts o_f'' Iakra and

I\lukhair peaks ,vlvch arc part of

a prronunenr

IRON I'l ILK ^^ ;G ^STRt CTt RF 8 POD ER (PRIG )LIMITED

2.4 _N1 v GI--i_^NOOL HYDROPOWER PROJECT

TARIFF PETITION

I. In accordance \vith i e requirements of NEPPLA _Act and Rules and Regulations

made there under, F IS PL hereby submits this Pennon, in accordance with the NEPRA

Tariff Standards and Pr-ocedor(Rules 1998. for determination approval of the Feasibili V

Stage Reference Ta-M-r, aand its Adjustment , Indexation provisions and other temps and

conditions for the project.

INTRODUCTION

12. The r roject sponsors listed above have for

med consortiu

m comprising of

Renewable Energy Consultanrs ,REN

CO--, and Riaz Ahmad & Company

Chartered

Accountants

(RACO to urd.r:ake

the feasibilin- study

of 2.4 '\f\C_ I-Ivdropo\ver

Project.

13. Project was offered by the SITYDO for implementation in the private sector

pursuant to the Sarhad Hydei Development Organisation Policy 2006 and GOP's Policy

for

Power Generation Projects 2 "Policy").

1 I. T]he spons,_,rs were p e qualiticd and a Letter

or Interest

,'LOI) for conducting

feasibility study 'r the scud project

was issued

to M;s GLOBEZ

(An associated

derrala:: SITYDO, DPP, Globez dared Marc!

2010 (Attachment

T- 1)i (=)I was a nslerred r. the name of 'vi s Frontier \Jry3

:'rrucwure

& P

over

P are

1_:: iced

ride letter no. 1264-

65,'SHZ DO, DPP; Gobez

dared

S December

2010 (Attachment

T- 2) as special pu.;-)ose

company

was

rozned for this

rvicct.

The

wyyrk !^ri t -. stud " crimrhe

ced in

'`larch,

2(110. The asst

imnent included

re ln

estiratlons

. :UCr,

the cc'Uecnon and re

ie%v of the previous studies

and eVSIIn, data. opnz /^I project parameters

cost estimates and economic and

t_nancial analysis. Jhe cons

ltants submitted reports on core activities of the study and gave

presentations to the

SI-!'I_DO's Panel of L- t:perts

(POE) from time to time. POE's valuable

observations and comments

ere duly acknow

edged, evaluated and suitably incorporated in

t]he feasibilin- report- By the

grace

or Allrughtv

Uah. the feasibilin

study of the

project was

completed

``;t

hin the snpular d period and the draft Feasibilit

report was submitted to

SITYDO on

arch 1 15. 2011 presentation thereon was given to POE

on 24 March 2011.

Feasibility report for the project has been approved by the SI

IYDO's Panel of Experts as

conveyed

be SHY

DO vide letter

No. 5 3 2S!SITYDO;

DPP!F'^ISP dared April 15,

'(11 1.(Attachment T- 3)

16. NOC from Peshawar Electric Supply Company vide

letter

No.64--49 dated 28 May

ZC 11 (Attachment

T - 4) and 'HOC from, Environmental Protection Agency, Environment

Department, Government or 1^'hvber Pakhrunllhwa vide letter no. EPA; IEE/Ghanool;'962

dared 07 July 2011 (

Attachment

T - 5) has also been obtained.

I Gti1'II R MEGA STRUCTURE & PO1xER (PR1^. "? ^) Litiil

2.=4 Mw GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

National Electric

Power Regulator

Authority

(^EPRA) ride

R/LAG-30/F\ISP/

32'83-S6 dated 6 May 2011

(

Attachment T 6)

via management of Frontier 'Mega Structure & Power (Private) Limited to ah>

^, is Pll_ for approval of tariff determination for the project.

^Tl

`:. Pursuant to the directions of the SHZ-DC), this Tariff Petition has tie

t.led hr the management of Frontier _Mega Structure & Power ;Prig ate; I_i ',.r

accordance with the requirements of the NEPRA Act and the rules =rained 1r, t::

is z n

ew prospective Independent Power Producer

(

IPP). and is Cur

Lcensee un

der the ",EPRk Act. F"-NISPL has, therefore

shnultaneously

tiLc

i a

application -,N-irh NEPP\_A

for the grant of Generation License.

1 I he l

eference Tariff as determined by NEPRA pursuant to this

Peunr;.

b c me

a part of the Power Purchase

kgreement

(

PPA) to be executed bets eel 1 r

Ie :. structure & Po^x

er (Private

)

Limited and the Power

Purchaser i.e. CPP.':

}^as^-d cn the PPIB's standardized

PPA format and as mutually

agreed to by tl,^:-

CJ_ tilt projc-ct

specinc requirements.

All the pertinent information about the project i.e

. sponsors infor-

ma-i

d^ cc-moon, tl,e Envir

onmental and Social Impact Assessment

Repo-:

tic u: n ._._angeIneo

ts h

\TDC's Grid S^-stern. nnThei:l data, etc

:_t.rlained [hill or

at ached this petit7on.

\hana

,ernent of Frontier 'Mega Struct

'r.

ire & Potter

(Trivate: Limited w all

.-_ a^ additional info- ation a....n.d , hen re:;;:ti d b% \ EP

PROJEC

T DESCRIPTION

7 he project

ennsages development

deli m. en^zu2eenna, nrancir2y

, cc=;._,r_: ;.

_ sn commissioning

0%x

rung operation

maintenance and transfer

of 2.-1 \ IV

Y P _ .

the Ilwar Hydropower Plant

at 16 Km upstream of Balakor in the

hhrbct r .hl.,.t_.

aaa : .

Pre,, ;ice of

Pakistan on Build, Own

Operate and Transfer

(BOOT; basis It,

with `.^rhad

Hvdel Development Organisation Policy

2006 and GOP

's Policy rot P

c ;eneraoon Projects

2002, as amended from tisne to time.

^. The Site

is located at about 16 Kms upstream of Balako_, a steel u

-us s hadey a:

narrow gorge of Ghanool N

ullah

(

bath.) on Balakot

-Na_-an read.

11i. Chanool

nt llah is one of the small but perennially flowin- lent bank

uihutari

Kunhar River that has its

confluence about 16 krns upstream

of Balakot tour;

confluence of Ghanool Mullah

with hunhar River is

almost in front or' Tancair '' :^1.

^i^.,r c

1, 2 major right bank

tributa

y of Kunhar liver

. The Nullah tirnc- on

aci i .netts off Makra and Mukharr

peaks

t 121012 are

part of a p_onunenr co ch i"._ _. A ,"

FRO'N-1 iER MEGA STRUCTURE & POWER (PRIVATE) LIMITED

2.4 MvV GIT4NOOL HYDROPOWER PROJECT

TARIFF PETITION

feature in the catch : cnt. The Slo.; is further contributed by a number of arterial seasonal

perennial streamsas the nul'ah descends towards its confluence with hunhar River. The

confluence of Ghanool Nulhh with I1"unhar River is at an approximate altitude of 1200 masl

and the highest cle; on of the nulah ca:chment is about 3800 masl.

'D. From the confluence c,f ,ullah ups

tream. initial stretch

of about 1000

meters is

relatively

narrow a gorge lil.e: A bridge on the main Balakot - Naran highway is over a

nar

w gorge formed by the :lo;; of Ghanucl nullsh. From

the confluence point un

il the

biidge, physical mcu\-emenr through the narrow gorge is possible

but not easy.

Upstream of

this bridge

, the bed slope is rulaovely mild and

the valley starts opening up and remains so

until the outskirts

of Ghanor,! and neighbouring

villages. Average

bed slope

from the intake

down to power house location

is about 8"o. This average bed slope and

availability of

perennial flow offer favourable opportunities of development

for a small run

-off-river

project. Although the surface `eology at some of the

places along

the power

channel does

not appear to be stable, protective Measures shall stabilize the slopes.

^6. Pakistan

v:c-arer

-rich

counter

but. unfortunately, Pakistan's energy marker

Investment in

hydropo,.

a ration has been caught up in confusion and paradoxes for

more than a decalc, at^u :a_. .udcaut prowess has been achieved so far. On the other

hand, the

Government

a t:, ]_?c r-)

acihtarr

private

tnyesrors to

ote

IP:del

put;

generation

the

gain'.-A . H'. circ ^cwer is a primary domestic source of energy. Pakistan is

endowed with a i v icl

notana d.

of ;n(-_)re than :11.009 VW_ most of which lies in the

?m.!. and Puniab

Palate

ia;;

^^c _' coi

. _rC:. .

l I n mu

{._

:ter the c?" 7,C? a tail, the countr- faced numerous prop ems including

dearth of electrical ;,uv, er. i+ : c? cpo;", cr dcveir nmenr in the Indo- Pak subconnnenr stared

in 1925. with the ccinstrucn()r. , •i the Renala 1 \I\\ hydropower station. After a decade, the

1.- \I\\' Malakand-l hedn:pov,-c"r s:axon was built, which was later upgraded to a 20 \I\\

capacity. Subseclue:.1v, in l Ofd. the 26 '\PV Dargai hydropower station Was commissioned.

At the time of independence, Pakistan inherited a veer small power base of only 60 'SPX'

capacity for its 31.5 : iillion people. Ar the tune or creation of \\APDA in 1938. the

country's total h'y d. i potential t ipacin- was enhanced to 119 IV\'. By the Indus Water Treart-

in 19611, it was decided that Pakistan is entitled to 142 MAF (Indus 93, Jhelum 23 and

Chenab 26) of water _irihzano::. Subsequently. '40 \I\\ \\-arsak, 1000 NI\\ Man-M and 34-S

\P\- Tarbela Hydropower Pruiects ;sere consuvcted. The total installed capacit;" of die

hydropower station.; in the co _.nrr is about 6393 \IVI, our of which 3-6- \I\\ is in N\\FP,

1696 \i\\W in Punjab. 1636 \F\\ in Ally and 93 \I\\ in the Northern Areas.

PROJECT LOCATION (

Attachment T- 7)

^S. As indicated in the feasibility report. various sites for the proposed project were

evaluated using a cot nhi;n: or. of ^.isual assessment. surface geological and topographical

mappin. " geomoi^?InC^Iopa l'..rsictf a.-- _.-s:s. sub-surface site Inyes^^'an am and cost-

ON1IER I\IEGA STRUCTURE & POW

ER (P

RIVATE)

2.4 %''1w Gi-LA-NOOL

H) DROPOW

ER PROJECT

TARIFF PETITION

base' on esti

mated energy generation

Seisi-ncitr

of the project

area was aisc

nd taken into account

for design of various st uctures.

d4. I_ogistica':iy he project

site is most conveniently accessible

. irhout anv c :

intcr,t;luon. Except for heat--

spells of rains that cause slides along the main

%101:x, a

road a open Throughout

the year and project works can continue

uninterrupted.

routes to the

project site, which mar be used during

project development

naer.

Islamabad- Abbotabad -

Balakot - Project Site I

-O I ms

Peshawar - _-bbotabad -

Balakot

Project Site

: 24U Kms

Islamabad - M

uzaffarabad

Balakot

Project site

: 1 SS hrns

:). Approximate

time to travel to the Project Site for two

pes of vehicles En:

,,canons is

ven in Table 1.1 as under

4x4

P,ck up or SUV

Loaded Trucks

■

Islamabad to Project site

■

Pcsha%-ar to Pr,,ject

Sire

Muzaffarabad r

-, Project sit;

('a rh 1- minutes sropover on the way

• Islamabad to Project s

• Peshawar to Project site

■

Muzaffarabad to Projecr site

(.^ itlr m-o ?(t minutes stopovers on the ,:,-a,-)

OPTIMIZATION

OF INSTALLED CAPACITY

?. Since he project is

to be developed as a Run

-Off-River scheme, the opr.n-s;

^crcise starts «irh es 'on

of installed c apacin and

energy be,ietits at ari_>u.

. , es. The costs

and benefits of installed capacit

y are then computed for c,:ic':,

dcin discharge.

The installed capacity

costs and benefits are then plotted on r:

c,rder to establish

the optimum point where the difference between benefits and

In the project

is maximum or in other words the NPR- is n-ni

mu:_^.

Project

sizing and power porendal have been computed

on the basis .>:

data. The pattern

of Clow unde

gvrs a cycle of loves

and highs uflu_:::

RON

T LR

MEGA

STRL

'CTLR ;.

yER

RrV'_A,TE)

I_,IMITFD

2.4

My GI-WOOL H

DROPOWER PROJECT

TA-RIFF PETITION

0.18 m s to 1.4 n-, ,s. e mean annual discharge available for power gencraoon in

Ghanool hat-la i esnn:areu be calculated at design discharge (mod 1.0 mis

riven below.

Available

Month Discharge

(m3/s

)

Wat

1 se

er loss t

epage &

cal use

Diverted

Discharge

Power Energy-

I i

all

(i.04

0.16

40^ 0 20-.600

Feb

0.?5

0.05

0.30 1

'00 ! 4

0.400

Mar

1.20

0.15

1.('S

:'400 ! I.- ^.60(I

Apr !_

1. 0 2401( 1.-^'81_^l^U

\Iav 1.40

' 1.23

'' 40 0 I .-S -.hc,n

Jun

l .i l; ('.10

0.05 24'_'9 I .-2S.(inll

Jul

i'tir)

!..1(0

(I.-0 16^'O l .19i ^_ u ^

-Au-

1.i' 1'

f_^.1 tl

X1.90 X29 1' 1.636,590

Sep

1400 1.005.000

Oct

0. 40 _ 650 . 453,600

Nov !

0_;n

0.1`04

j 0.26

400 IBSOr^n

Dec

('.1 S

(1.111

0.14 330 ^ _GO.40(•

Mean

0.09

0.66

1441.67 1 12,662,400

Annual Plant Factor (" ;! 60.2 ;

S.7

ell.

Fis : .

i i iZ I1i I G.1 STRUCTURE &. POWER (PRI\"-vi IL) LI hi i

:.4 N GHANOOL H

YDROPOWER

PROJECT

TARIFF PETITION

1 40

0 4Q

0 _'V

0 C0

IM can monthly

available flows for am average

year of precipitation.

Jan

Se1.ccnon of number of units is an Lmpcrranr exerci

se in proiect lay ou-..=,17

- 0cri e ro have a

t inunum number of uiv

s a-

,.4 ^i

c' :l a^a

mulapie number of units

may be necessary due to technieai

and economical reas.:

1 of number of units

is made on the basis of

minimum ava ably c^isr.l: :

acctm

able airbine

efficienci

The

hydraubc

rb:nos

are deli` _cd to np:r _.

of Ciencc

at des n

discharge

d rated head

ith

60 v

ariabon

1 = "?e

efficiency

also

ets

affected

case

of Cha

ncel

FrAmn

the des-:-o

L nch unit

0. 4

n ,

s. The

efficiency

of the

turbine shall

thus

be 2rfecr

aIs

tihc

e How this <

alue. It has been observed in practice that the efficienc

y still r

accepcablc range if tin

available discharge is about 50

w of the design dkcki

um available discharge

in Ghanool Nullah is about

':'.I Sm s. \yl ich is ro-;:

e he,i, n discharge.

It is thus convenient to conclude that a minimum

num.1- e:

:,;r` ,.r SOCI kit- shall

be the best choice .or the proposed layout

. Other-

considerations for this

choice are.

o Convenience

of transportation and handling or he project site

. a lower c v,

unit weighs

less and is thus more easily transported

. handled and op r,itr.. t'

Operational flexibility. The units can be shut and operated 0 An

variation. In case of two units. the turbine shall be forced to opcrar

discharge equivalent to only 25 of the design discharge that mac arrec

efficiency of the unit resulting in power dc-rating.

FRONTIER ?`JEGA STRuc-FURE & POWER (PRIVATE) LIMITED

11.4 Mw G1LXNOOL

HYDROPOWER PROJECT

T_°^RII F PETITION

• Commercial benefits. \\-ith rvo or one unit, the power output may be affected

due to low efdci tics in lo-,v flow periods causing reduction in commercial

returns.

• The power house st_

iucru e is lighter with more units as light weight handling is

involved.

_ 4. The proposed powerhouse vU be equipped with three (03) horizontal axis Pelton

turbines of single et. The r,::ed power producing capacity will be SSG k\V- each. The

proposed plant conrigu:anon ;fires maxin-lum annual energy production of 12.66 G\\lh and

an average annual plant factor c,f 60.23° o. Each turbine is connected via an inlet valve to a

common uifu rcation branching off from the main penstock pipe. The spherical butterfly inlet

valves shall be firm, c.IU

ecr d to the penstock pipe and the inlet of distributor of the

turbine

In between the valve and the turbine inlet pipe. a removable pipe with flange at both

ends si

ould be

provided which is c. ;!able of

bea i_n

small al movement.

HYDROLOGICAL STUDIES

Der:u]e d ' s-udy it given i.. Section Technical Study Volume Y- of

:b 1 t^ d, i uc nibu_.1nes, uhc hydroiu^_n eal staao-ins for !naintiuning

term records

ire

no:

av.uIablc.

At best, th

e fow

asur

emen

or about 12 months

duration could be :IlacE

ava

::adlr

during the course

tudies. This

information on

flow

C'i vanaIIOns o,

longer ,uerch Or amt.

i he catchment a-c.l Ci' Lrl: :^ i<,r;ha cnn1of >^ ncJ' rn :lopes of Iak_ a. lL'ki L',

Gaya and Mali mo_:nt os. T!-, es ni:ired carc}z icnt area upto diversion weir is about

km-. The flow in Glr^nuol h a :.a mosey o!i«i..ates from glacial melt atop peaks of 350(1 naasl

and above in a trellis pattern: _ , number of arterial flows combine to foma Ghanool hatha.

The upper reaches of carc:hm :r : re vet- steep, narrow and inaccessible. The valley starts

widening in the loner :-eaclnes brio,v Ghanool villa *e) where clusters of human dwellings

can be seen right dawn to c :htluencc of nullah with Kunhar River along both the banks.

The tlo,,t- in the '_\lt.iilah is perennial seasonal va 'aeons. The variation in estimated

measured flows ma:, be -pto for d-ry and wet periods.

^G. The climaroloiical cycle in the catchment area for any representative year is a

multitude of avera dn- and et spells. \\ -inter precipiranon (October - March) caused by

\\ esrerly disturbances is the noun. source of snow deposits in upper reaches of catchment

area. A prominent geograpliicai feature in the catchment area is the mountain peak of \Iakra

with an elevation of f5 mash. Must of the mountains in the region above 2800 mash

remain snow bound or about ^ months of the year. Melting of snow from these deposits

stars in the month of Marc", each year. ii, the lower reaches of catchment, the day

temperature is abov, e freezing Cr. in the Midst of -,winter season. Snow deposits in lower

S.9

ftl:L;<<TiI=..'r: `ll_GASTRLCTt

RE PO VER

(PI?I`_s'I_)

?.4 M\C

GI-LANOOL HYDROPOWER PROJECT

TARIFF PETITION

c'. .anions, ore

, start melting as soon as :he cloud cover thins out d iris

sped of snow- / rains.

i -e melting process

is complete by the end of May

each year. During rl

', ,v cih -- May, there

is steady increase in nullah flow with rise in

ambient tempe ra:,ire ., .

catchment

area. Between May and luh-, the flow is sustained

by basin reclin ,,

bo _ xhl hits a pattern

of steady and progressive reduction in the

month of 1 c

i'.ons dcr

to be a

relanyely

dry month.

Occasio

nally

local c

onve

ctive

storms

ca'.'si:-

rains of short durations

temporarily adding to the flow in the nullah.

3` . the lower stretches

of Kaghan valley

lie within

the influence

of summer

caused by Easterly

disturbances in the mont

s of July and August

. Mean anno:al

recot^ied for. Balakot towvn, which

is at a crow tight of only

a 5-6 Bins from the pr >> ;

is 1 1 ram. Bulk of this

rainfall is in the months of July and Auirust

. The chmarc

crchr.hent area

is very similar to Balakot town except that at higher

elevations. the

:empciarures area few

degrees lower.

The flow in Ghanool

Kadla continues to recede

beyond the month of

,n er \Ionsoo:hs arrive.

If the 'Monsoon season is

wet. the flow in Gil nooi ..i

ilso _ se from that of June

level and it it is

c:ariv

eiv dr), t

he :

.i(

" \l-i be eV c n i;>:^ .'

t. x'l:it U[

lone. The

flu ^^

Ghanool

tha

is.

hcrt

fore. ur_der

:.aluucce

slon^oon rains

in the Months of July and August with a sieni

cant amoul

-a 0I

:' c ^r ent in the s ream bed. Flash floods caused sudden bursts of runs in thtst

another prominent feature of Ghanool Nuidih.

chmaro

loincal

activiti

between

Sc'r

ter'_lber anti

nii:lle

C t

December

considered

to be less prominent

The rain fall :n this period of the year

_s far

l,cr months. There

are occasional

bursts of

rains due

to local convects c

ut October most of the farming

aetirines also come to

close as people prepar<

d :.anters ahead. The flow

starts declining from the end

of August until it

:ni;i^^ autn in the months of December

and lanuaii

- each year. This complex-_s rl,-,

c. cle in the catchment area. TI

-iis climatic cycle is typical in lowerstretches of carcl-,.

_ or IJu;Lhar River upto

ILaivai.

SEDIMENTATION STUDY

1 The confluence of Kunhar

River and Ihelum Rivers

is at Rarha,

dcwnsrream of Dogrel.

From confluence downstream

the river traverses

a distance

kms before

entering

vIang!a reservoir. Previous studies on sediment

yield,'rranspcai is

establishes following

equations for:

'_<eelum at Nausen

: C = 1

Jhelum at hohala

: C = 0.2 36 Q '

0 tU

FRONT 1 if R ME-G'"TRLCTCRE & POWER (PRht'ATE) LIMITED

2.4 JVi GIIANOOL HYDROPOWER PROJECT

TARIFF PETITION

42. A relationship has been developed using the regional sediment yield analysis to

esnr,Zate the sedimei-_t yield transportation for Ghanool nullah at intake. The values of

estimared sediments (uspended - Bed load) :ire listed in Table 4?1. These values have been

are given as follows.

Estimate of Sediment Transportation

River

Catc

hment area

(Kr')

Mean Annual

Sediments

(h4.Tons

)

Mean annual

Inflow (m3/s)

lhelu:n at'\langia

3 500

Neelum at hluzaffarabad

194

14.8 360

elum at Dudhmal

49:15

6.66 -163

'Neelum at Nausea-

66822

388

i Theiun at Kohala

13. An import: pit narai., r.r in determisunR the bed load transportation is restriance to

acting shear stresses tliroueh ai_abic size and distnbunon or sediment grains- The armour

layer of the riverbed in the nr,un _ainous region like the northern areas of Pakistan contains

la-`e cobbles and S_:hsurface material consists or mixture of gravel

boulder sand and s'lr. The ^al on the ^iirtace IS loose while in the subsurface.

comparatively eom_ act.

44,

.`11 :111 r_c s not have

the

abdim move

1 -

^ca1„au7 under

ordinan- condition>- jr is r_,:' in heav f:_od siruanon that bed load is transported

dU:,'n^ card- ll^ u _7Ca>'u^^Ilicnt^ are. Cher tore, nor available IOr Ghannool nuflali. Ac^r

r_^e same is available for G aril l :bibulah, Mozaffarabad or Dudhnial stations. Since no bed

load sampling is available citl_^ _ c,r hunhar. Aceluni or Jhelum dyers, a value of 3U° o has

been assumed for the bed lead on the previously available literature. Therefore additional

30° c load is added the sedir:enr load based upon suspended sediment concentfanon.

i^. Suspended sediments :.re particles of sand upto 0.2 mm thickness that can flow

through the stream. \o :ne:ls.;rc•ments

for -lie

flow of suspended sec merits have been

recorded for Ghanool nullah r various gauging stations. Raring cur -es, however, have been

developed that can be used roughly estimate the movement of suspended material in

Gitanool Nullah. The applicable rawig relationship is as under:

Y= 1.=426X'.=.c

46. \\liere I is sediment c,,ncentranon to ppm and N is the water discharge in ms.

dividing the MS of the eyuanon by 1000. we gee sediment concentration in kgj'rn'. For

sediment load. die R11-5 is mu_upied with v, ter discharge to get the load in kg / sec. The

equation for sediment load in k. cc is as under:

=(i•I1:'.31

i?c)",' 1 Ii R MEcr

.^ r RUC"TURE & o'xER (PRi^".^T Ei LL\Ii

2.4 M' GI-iANOOL

HYDROPOW

ER PROJECT

TARIFF PETITION

I'v using the above equation

and the assessed mean annual

dow. suspender_'

loads of Ghanool Katha

can be estimated. The esdmared suspended

sediment I:.sd

SEISMIC II.AZARD EVALUATION

-I`). the project

sire is a run

off- river

scheme

i.e. no poundage

or resen"oir

ree1uisernents

for prescribing design speeiticarions

for a run-off-river structure

iron a reservoir based

power station

Generally

a darn based

power station

story < capacin- is to

be protected from failure as it would entail

colossal loss

ropert^ . The design

criteria for such projects are thus more suln^gent

. The Pea

_',cc-clerauon (PGA) value

for such projects usually adopted is

"0.3"g as Operanr^;

^_aruhauake (OBE).

But in case

of a nin

off river scheme

. t

he failure of diversion

weir or parts

Sliann l would not cause

damage at the sane scale as in case

of a large rese:rvor

;tea ^acn re. Moreover,

if a higher value

of PGA is adopted

even

for a

structural stab' could

not be ensured as the sr

;icrt es are built in `,

slip or slide

under the affects of gtc and shaking: Atte

mpts. to

stabili ar.

cs throu

h rich designs would be uneconomical

. ?

he values of ^t rind

the design of a run-orf river protect thus have to 'br J ciJei ur 61L

c :Jsus

^ns and suitabilit<.

i or the

proposed

roje

site

the

mic hazard

result wren

:cr gents caused

be'tiain Boundart Thrust :,'^ff3T

vnrh a mar utudr

e:utlie;

is a lvlsxjmum Credible

Earthquake

'.DICE'

with a PGA va

lue of

,,17(,(! poyver sranons, the value of

OBE is usually taken as

half of --ht MCE. It is

:^_cic r .Nate to recommend that the PGA

value r--jr structural desig

n should not be a

1 _ 1 ` , ,

AND SOCIAL IMPACT ASSESSMENT

AS indicated

in the feasibility report. the environmental

and sort

^; sessment SIA) study

has been undertaken in accordance

v ith Pakistan Is

dards. It focuses

on the impacts resulting from the eonstuction

of the power cr,._:-

:>ou c house and associated ,vorks.

Both environmental and social

impacts of the pt ;r,

the r.e have been examined and

discussed in the technical and econonvc fc =iii

.: er the project

I1l. porennal

envi

onmental impacts of the Project

have been any vac ..'

rninganon

measures and residual impacts are discussed in the

ELA Report. The

c;,r>c of the constrr-ucnon works

and the environmental

seta-11_ of the Project rc- .._,.

J iJ '`t L.

(' ')

FRONT1LR _ IEGi STRUCTURE

Pou ER

(PRIVATE)

IMITED

2.4 Mw Ctrl-

I_xNooL

DROPO\VER

PROJECT

TARIFF PETITION

there is no sicrurl.r.anr adverse environmental impact. No permanent adverse impact is

anticipated in respect of sens_IIve hablrat, wild life or cultural heritage.

The project v U bn about signincant positive social impacts in 11e area.

Employment opportunity and tr-ailung will be provided to a large number of unemployed

youth. They will receive life-nine benefit through skill training, capacity building and poverty

alleviation. A large number ^.,f semi-skill and unskilled workers in the Project area will be

lured during construction. Greater a\yareness about healthcare amongst the labour folk and

the local conalnumr-. shall be created. At micro level, economic activities may reduce the cost

of living down by making es^•ennal commodities available in greater bulks and at cheaper

rates.

5-1.

In conclusion.

many

positive economic and social impacts will appear in the qualin-

the

lives of the

c to p

le ._rf the area due to implementation of the Cl Link Hydropower

project.

These incline

ene a ;,,n

direct and indirect employment, business opportunities.

infrastructure developm

ent,

:::a

iiilprover ent

of living standards. Through adequate

environmental

manalemenr

:end ;-unVganon measures, the project %vU have least adverse

impact on the

environment

and tie

surrounding community.

The implementation of the

projE'e: \' 11 not tll__5 I' S' :T =-- na Cep: le llnpict on the

vironm

ther

unn«

cons tructlon or

diin

subset'-::211 t_i lerauon

the

pr-o)e

ct.

SCOPE OF WORK

Tile

scope U ri: r.o: t.nn

selected

project

enco

mpass

the

followin

• Iii-

w,_

,. -'

.ale

.."!d

sediment

luslung

acilities

•

o yr ;i ucci

itua

ted

upstream from

the

existing

132/

hZ substation

E):,lan^

_)r

• Tailrace channel dischrr_=ulg the water into the Kunhar River

• 1 11 l^\ Srihstaaon for dispersal of generated power

• \\ orkshc,ps and maintenance facilities

• Staff Colony

INTER CONNECTION WITH NATIONAL GRID

56. Please refer to letter no. 64-49 Ghanool dated .28 May 2011 of Peshawar Electric

Sup ply Company PESCO; (

Attachment

T - 4) whereby PESCO has mentioned that

_nterconnecnviry and its cast \v ill be decided li:rer on. Therefore

Interconnection

details u ill

be mutually agreed v;-ith Pesha\v ar Electric Supply Company (PESCO) at later stage.

8.13

RO" Till.;;', EG.A STRUCTURE &- POWER (Ppmvrr

?.4 My w GI-LANOOL HYDROPO\VER PROJECT

TARIFF PETITION

SALIENT

FEATURES OF THE PROJECT

neral

I.oc^tion of project

I :.;r ion wet

B i' ^^^ erhouse

Stream

ributatz

Point of confluence

hcece r

route to Site

1 r.larnabad - Abbottabad -

Dalal;

or - Sire

b lslainabad - Muzaffarabad -.

Gatihi Ha _.ibuliah-Balakot --Sire

Peshawar-Idassan -^bdal-

^bbotabad-Balakot-Site

Approvinate travel time

I- ---Route .a-_-

4."

r 4. c

0. Surface (

i ological features

7. Stream Iivdrologv

.ircnment area

,esr Cie-, - -)I in the

About 300 inerers dou

-nstream of Gha oc,i .i...

About SO meters upstream

of Coot ie _n l

Nullah

with

Kunhar RB-cr.

Ghanool Nullah is small

left bank tibut

About 1 G kilns upstream

of Balakot -o vn.

1-0kns

1 S3Kt:^s

240 K.n:s

4 h_

6 hrs

39 km

uclirneui

r^.ge nnual precipitation in 1,001111-1

c tci^menr -

can annual dr',- year

precipitation

in the catchment

Flow avaulable :'

Oc o of nine

(

Q-„) ti.^ m.,s

F io^.y

available 90° o of time

(Q,,,) ! 0.2 m s

1200 mm

2000 min

1.,m`

ion:,- available 50° o of

nine

(Q,,,) 1.0 m'; s

term mean flow

\l as annual wet year

recipitaticm

in the catchment

',nirnum observed

Clow 0. 18 n

FRONTIER MEG.% STRUCTURE & POWER (PRIVATE) LIMIhED

2.4M\\" GH_ANOOL HYDROPOWER PROJECT

TARIFF PETITION

8. Structural features

Power

channel

X section (inside)

Rectangle

1 section (Ounicle

Rectangle

Bed \Vcidrh (inside;

1.0 m

Bed width ( outside)

1.-6 m

Height above "-),-d

1.1m

Depth of water

0.9 m

Free board

0.2 m

\\ idth of sections (Top;

0.15 m

\C-idth of section borrom

Floe- velocity

4 ft;'s

Bed slope '

1:500

Length ofwat r c'Iannel

r 0

^'wcr^re

RCC

Forebav

Len` th of main ioreba',- h d

14.2 m

'^Iax Det)di of tor: bav*

ir_

Overall widrh,-,r-

4.c m

Lr:1«Lh o f ti as

St ucrure

RCC

Penstock

No. of main LC-

I b

Outside diameter

1).90 - "CH - 0.45 m

Thickness

S mm - 10 mm - 1' mm

' d i

Length of penstock ,

-1' meters

No. of main anchor blocks .1

Dimensions c-f

mai

n ::.1Cnor

x? x 3.

blocks

No. of e^.pansion joints 21

ii No. of

reducer pipes

Power house

! a Floor area

8.15

^^4:i

^TR FGA STRUCTURE &

POW

(PR1v' IL.)

Mug Gi-L NooL

HYDROPOWER

PROJECT

TARIFF PETITION

O UtUtS

C :'x(3.1': or 7antrk-

crane.

11.5 m

j 12.465 rn

c - ^tlucture

Divers

ion

weir

- b .`.t^ucire

c l_r rr:'::1 of m

ain spur

ct rig _=hr of spur

RCC frame with

stone

' brick filler ancls-

Tyrolean

RCC / PCC

/ tone

g a'lions combinanot sr ,

695

3 m includin

g 0.5 meters in foundation

34.0 m

3.0 m

t':lectrct mechanical pant

\I txunum Height

- r 11'binc

Pov, Cr

10e1 0?

L1?ll LS

:a C ^_ctlcraQt!n

2.280

RCC

Singh ic: P ltcon \\1i.c'1

8-0 k\\'

3 00

600 RPM

3(n)0 .'y --^ I

'o'ver trar.storn-lers

10 Pla

nt C xa

racteristics

1n ta^'led Capacim

a _Aiir uai t eneranon

Plant factor

Leap th

or intereonnecnon

t. ^pL ration

at installed capacir\-

ioce of operation

Inrerconnecnon Voltage

Electro--

pneumatic

3300/

11000 volts, I

1'1i 1^ 1 kV A

2400 K\\

12.6621 ink\Vh

Grid interconnection

11000 volts

13 km

1 52 days

FRO?:TJER MEGA STRUCTURE & POWER (PRIV _ATE) LIll4TTI:LD

14 MN

x Gl

IANOOL HYDROPOWER PROJECT

TARIFF PETITION

IMPLEMENTATION METHODOLOGY

5The proiecr will be implemented preferably through an Engineering, Procurement

and Construction iEPC) Turnkey contract arrangement. Feasibility study envisages

construction through an contract, involving a consortium of a main contractor, a

consulting firm for detailed d`si`Yri and a supplier of hydropower related E&'\1 equipment

and requires that the contractors be pre qualified as a part of the international competitive

bidding process. Alternatively. the proiect can be built by engaging two EPC contractors i.e.

Engineering and Prod-Irennent ;L-&P) Contractors and a Construction contractor. The E&P

contractors will be responsible for the en-ineering and procurement E&M plant and

equipment and supple. supervision of erection, resting conunissioning and guaranreci.lg

Plant performance and construction contractor will be responsible for civil works, local

transportation of imported plant and equipment. supply of local equipment and materials,

erection testing cc rnassioning of Plant under the supervision of E&P Contractor; The

combined under the two cc n factors will result in a standard and fully functional Plant

meeting required ^ertorn: :ce levels and all PP-\ requirements. In the latter case a

coordination aoreemenr will : ba be signed by the three parties i.e. Owner. F&P Contr=actor

and Construction Contractor to delineate responsibilities of each parr- and thus satisfy the

:-equire^,tent of die ^, Dicer Ic:__i^ s -.id other <tal:elholders. Final decision in t!-L's regard will

be taken at the dune of t•'?:'' z.iu n b:dciLwi documents by the Consultants to be engaged

rut the purpose.

of r

ime tradable

for LP'- contractur'S1 to CaIt-v out the

additional invesng anons

and

d_^ elop the deli :h of the proiect.

it is envisa

ged that

additional

vdr

eoreei:nicai in,-13002Q h

"^,Iuuc model s-udies for the

contluence

of the rail race

channel and 1,,-u_:r:h _r Rive: l be carried c, -;z to firm up the feasibility level desi`nnh for

inviting the EPC tenders.

CONSTRUCTION PERIOD/ IMPLEMENTATION SCHEDULE

59. The consu°-Iction for the pro ecr has been prepared for 30 months of

Constracton penod rrer C':!'_:; leQon of pre operating and preparatory works phase. Major

activities to be undertaken a no rime to be dedicared for each of these are elaborated in Table

as under:

SR.# i Activity

Days

1 -Mobilization of plan[ . `-'p crating and supervisory staff to

site 0

2 Erection of camps and temporary facilities 45

Confirmation of bench marks. topographical monuments and site layout 1 5

4 Excavation of forebay . intake. aqueducts and de-sanding pond area 90

Excavation of water cha srel

8.17

11,

I f JMTIER 1 EGA. STRUCIURIC : PO\\ ER (PRl"^"^ I) ^-_IM11 I

2.4 Mw GHANNOOL HYDROPOWER PROJECT

TARIFF PETITION

r :. Activity

Pc rrnazlenr %vorks for

forebay, aqueducts

de-sanding pond

and toreba`

\ca< <t

or power

ouse

0 , P;=nnanent works for power

channel

r'err^lan^ :t works for power house&

rail race

xcavation for penstock

anchors and supports

t hh;ise of perm

anent works of pensrock anchors and

supports

n t penstock i es

rnsroc6. layout, welding, erection

econd phase

of concrete works for penstock anchors

=.xcac coon and permanent

works for

weir.

conveyance

channel

liven- of E / M

plant at site

f k- interconnection

I'cltal

The dedicated

dme=o.f

1415 days for the above listed acnvinca is to

ti^:

_nd d c mbured

r1' °t1ch 2 -way

that

the

projects

works

s: cw-c

ilteo.

co rlnisslone d

within th period of 30 mont

s. Thus task

is re be ac Keyed

Path Method (CP\F) of

construcuon3 management.

schedule of

activities spanning the

enrire

project

period of around 4 'in

The schedule

of acdviries has been so proposes that the total

en^aa r=_

is compressed to -30 days.

Impurtant aspects

. which have be ,

con^id^.ration, are as under:

COS I` ESTIMATES

The estimate of the capital cost of the project for the selected

site prenarec t-;

the laud acgrusiuon, building and civil works. generation plant and equipment,

order cc1uupment, pre-operating

and other expenses

eonnn encies

and ink:-r-

consrnrc.uon is described

in detail in Sections 6 of the feasibility

- report. The esnrnl

f 1},e civil worms

is based on the preliminary planning and

design of the

c'>Tnponents of the works.

The quantiries have been derived from

the general rani

enu :x.--:,ut drawings

of the structures developed as a part of the feasibility

- study. I':r

t iared in the Feasibility

report is given in Sec6on 6.

tRONTIi;R MEGA STRUCTURE & POWER (PRIVATE) LIMITED

2. N-1\\ UI 1ANOOL HVDROPO' ER PROJECT

TARIFF PETITION

INTEREST RATES & INTEREST DURING CONSTRUCTION (IDC)

63. The consultants have aher_ KTBOR rates as of 22nd February 2011 in the tariff

calculations. IDC and debt srmcin7 have been computed at the

said

rates based on a

construction period of 30 months.

Expenditure in Foreign Currencies Other than US Dollars

64. The Consultants have tadicated the project costs in Rupees and t:S Dollars while the

actual payments are likely to be made in other currencies as well. In this connection GOP

has already decided that the IPPs mould not be exposed to impact of exchange rate variation

between t:S Dollars, Euros, Pound Sterlinc,

and Japanese

Yen up to the Commercial

Operations Date. Pursuanr to :h s decision, the EPC price and other costs will be expressed

in other currencies applicable and NEPR_^ mill be requested to allow

indexation 'adjustment at the I-'PC or COD stage.

TOTAL PROJECT COST

(5. EP(__ cost and :ani-:_l ar esn: axed re be Rupees 468.'1l :.pillion both i, the

feaslbuty

report as

ell

as :..

rho

co-,

csnr a es

for

this

pettl

on.

Total p

ect

st as

per

Feasibility report is Rupees 0-1 _o :ail.lion. So: unat-v

project cost is riven below.

8.19

n^f

l t:C^' ' Fr1:1: MEGA STRU

CTURE & POWER

(PRIV_?Tr) 1_ Plii

j.4 Mww' GH_4NOOL HYDROPO)X'ER

PROIECIT

TARIFF PETITION

C_ MNLI A.RY OF PROJECT COST

Freehold land

u% dinL-

and

Civil

works

YIN" X"'T

d111 ' / ^:'.ci'/

thg . i1^1J17ber

Joe 'or

Cbamlei including p/vleclion Ir'or .c

1 ^n^'l^a^

C u'aslcu'a)

I'z os oo

,ioIio;.i ci Sz/ppoll i

s/ee/'pipes (Alain c_ rDillwa))

Pi'2r i- Nnzr.i'

0 ; ie Ozt i pro/cot/

oil 11'07 t„i

Generation plant

and equipments

;'o .l lt', :hani: ai anti E/ 7i7: ai e i inment

I 1i'a11^711_'i slot; Pro to

Baiakol

aln'snYI.C;1,.

Oil., .ii;'t'

/ ii'o' k.

III i11ra11o:C. /a.A'e.i, l1 711.t 01'i'ci^'l(/li

al.'`P/2i'/It JCC

of 1: fL f 01 pro/n i e.%-"'11d111v IJllelrsl d11J'

.11`

con.ll7

/.71o,l

Iu,t IDC

Total

cost

"` Projec

t cost amounts to USS 6

99 Million

. (A

t exchange rate of Rupees 86)

FRON,,]'IER MEGA. STRUCTURE & POWER (PRIVATE) LIMITED

2.4 Mw GI-LkNOOL HYDROPOWER PROJECT

TARIFF PETITION

REFERENCE TARIFF

66. The proposed Reference Tariff is a typical tiro-part tariff comprising an Energy

Purchase Price (T-11P) for the energy generated and delivered to the Power Purchaser and a

Capacity Purchase Price ,CPP based on the hydrological data of Ghanool Nullah. Details of

tariff components are as under:

a. Energy Purchase Price

6`. Energy charge is the variable component of the tariff which depends on energy

purchase puce (EPP) and 'yet Electrical Output. The Energy Purchase Price indicates the

price of a unit of electrical energy i.e. k\\_h. EPP is applied on the NEO produced during the

period to calculate -he energy charges of that period. EPP have further two components one

is water use charges and other is variable O&M. Breakup of Energy Charge assumed for the

purpose of tariff calculanons is s,i. en as under:

Lnerry Charge

Rupees Per

KW-1i

U 130

^, n. bye O&T'I

0.168

Evers v Purchase Price

0. ;15

i. Variable O&M Component

68. Variable O & '\l cos- Has been

calculated based on the average annual net energy

generation

of 12.66 G\Vh work

ed out from the hydrological data

of Ghanool

Nullah based

on plant factor

of 60.2 o. Tiu

component caters for the cost

of O&M on a k

\\Th basis for

the day

to day management G_;f the hydropower

plant

It includes replacement of spare parts

on completion of their scn-ica as

well as replacement on account of premature failure of

the parts.

69. For the purposes of tiff calculations. total operation and maintenance cost of the

company will be Rupees 2.5 r 1 i^ .n per annum. 2D_° o of the total operation and maintenance

cos- will be charged to the ^ a_iabie O&M cost and -S° o of the total operation and

maintenance cost y 11 be charged to fixed O&-\I cost. Cost of stores, spares and loose tools

consumed by the company .vill be Rupees 1.3 million per annum. Operation and

maintenance cost per h\\h is given as under:

8.21

051 .

1 1 iEGA TRUCTU

.I OWER (1'R?1'A

2.4 M".\: GI-

LjNOOL HYDROPOWER

PROJECT

TARIFF PETITION

Variable O&M

Rupees 1-,1\Vh'

Operation

and maintenance

0.019

Stores, spares and loose tools

(C.11 S

CIA 6S

Calculated

on the basis of net electric output i.e. 12',66='.->j K\Vh.

Variable O&M is

O&M

ndexed with

wholesale price

index - manufacturers (\\1P"`

the revised applicable tariff componen

t of variable C?t<._', i

die Revised

olesale Price Index

;:^l:inufac irrr:

for the month of

Januar

201

The \lholesale Pace Index !?Ianu:ac:arer,, as

Federal ?

Bureau

or ^t^esdcs for :hc .,. nth - D_,__,_

i.e. 2OO.i 15

ii. Water

Use Charge

This component represents the \X'arcr Use Cha_-^_,e per unit or ent:

n rr:c,l by the Plant and delivered to the Power Purchaser b,- usin the

Nt lah. At aver use charges are parable to the Csovernmenr c,f h hn 1 ak':,~

applicable to the energ<-

generated

using the water resources of the t .!u:

L se Charge ,\-

ill therefore

be subject to approvai, acceptance

by the G << <

bcr i'akl!nznkhw

a. For the purpose of tariff calculation

v%a.er

use chart

IfL ner11-A\h.

Ia, Capacity

Purchase Price

Capacin- charge

is a fixed component in the calculation

of tariff and

t ap,;:n Purchase Price (CPP). Capacin-

charges are calculated

bv applying

The Capacity

Payment is based on optimal plan

; capacin deter n.

re..>i't^il n report on the basis

of die hydrology of Ghanool

ullah

. Tine Capaci-n P

been computed

on the basis of the plant capacity and

is expressed ir, i:-

sec'.

^. plant

factor and is parable d the basis of a\

adabie caoacm

RONTI :I 7^iEGA ` IPUCTL'RE & POWER (PRI ATE) LIMITED

2.4 Mw GI LANOOL HYDROPOWER l'ROJE-CT

TARIFF PETITION

Frontier Mega

tructure

Pu '.ver Private) Limited

. This

is a Eked monthly payment payable

to Frontier

ega

tructure & Power I'Iiy are

)

Limited irrespective of the actual hydrology

i.e. hydrological risk shall be borne by the Power Purchaser as per policy for hydropower

generation projects =

'_0116 and GOP'

s policy- for power generation projects 2002.

D. CPP consi

sts of ±::

erent components used for the calculation of tariff which are

explained as under:

Capacity' Charge

Rupees Per

h\Vh

Pitied (P& yI

1.000

Insurance

0.4`_5

Debt Service

8.043

ROB du:^ng Construction

0.459

F.OL-

1.806

ithholdin Tax

0.1-0

Canaci:--, Purchase Price

11.932

Fixed O&M

This tiled <_)&M

Cr'C1t ('fCI1t renrc- tits the tax

costs

o all the O:S

:'^.i _ ta_.

nclud

me remuneration

the

r a

oth

er a

ministration

osts

including rents.

u ^It

so :i ck l^_... such

5 h EPR 1

Leb.

audit

legal

retaner sh

anj

CoIlsult

ancy

fees.

i c . 1 ius c :':poi:ent is

sue ect to

ocal

\V-PI

Lrl

dexacon.

Fixed O&i I is csa_..It d to be Rupees 12.66 million per annum and Rupees 1 per

h\\ h.

S. Fixed O&'\I is indexed with wholesale

price index - manufacturers

(\\7'I):

Fixed O&M 1.,1^ 1(^ ' \V-PI AV-PI ru

\\here,

Faxed O&?\1

\\-PI

a'-

V-PI I rr.

the re-.:sed applicable tariff component of Fixed O&M

the Re•.aed \\1-lolesale Price Index (Manufacturers) i.e. 201.9- for the

month of lanuary 2011

the Reterence Wholesale Price Index ('Manufacturers) as nodded by

Feder::] Bureau of Statistics for the month of December 2010 i.e.

00.05

S.,;

. _ 13

SI T; h rGA STRUCTURE & POWER (PRI\ _1"i E) [_.! ^'!

2.-;• M1\;' GI-LANOOL HYDROPOWER PROJECT

TARIFF PETITION

insurance

T O. The

insurance component consists of all risk insurance reinsurance for :.,

v c ; as business

-interruption insurance

u-hich are lenders

' and PP_\ s

c^,s.zcrnernts. Insurance

policies are required to be maintained

for the plant life a:>

.3^ tnr standardized PPA. The asks

to be covered through insurance

small include

1 a n, n aturd calamities

(like earthquake), sabotage

and consequt r, 1:

n :r: uf> iort etc.

insurance

cost is estimated to be

10 o of the

total project cost

and will b

miilir_7n and Rupees 0.4-5 per K\ h.

insurance is indexed with TT&OD selling

rates as norihed

by Nauon

r-i as under.

u.r^nce n^ L.4-- ' TT&OD .v /.TT&

OD,hi.r

the revised Insurance component

The revi

sed TT&OD L \S PIER sel

.in` .are ..e. R•. ncc.

Fcbruan

as nodned by Natio

al Bank of Pakistan.

The re

ference T

&OD L. SS, PKR se

Er., rate i.e. Rupees

December ^-

iG ,n as ns

tied

^ti

.,a! ^^

a..

i of

cuu '^. . , st ".

Debt `aervice

The long tern loan will be

obtained at markup rare

of hIBOR plus "'

«i.ll be repaid in iii fears in

quarter

installments

. Repayment be .,

t ,r],-)n of construction phase on the

commencement

of commercial op, r.^.

e t trio^. is presenrlv

estimated as 80° of the project cost

. The prop o ,e::

rc is as under:

Percentage

Rupees in Tiiffio ,

Project Cost 01-1 i

Debt 8u° o -I

Equip-

For

tariff calculation purposes,

annual debt service will

amount to Rut):

and Rupees S.

K\X i.

-5

FRONTIER MEGA STRUCTURE & POWER (PRIVATE) LIMITED

M CSI [ANOOL I-h-DROPOWER PROJECT

TARIFF PETITION

Return on Equity

S 1. The ROE component includes 19° o return on the invested equity, net of

withholding tax. Under the Policy for Power Generation Projects 2006, the hydropower

project is to be constructed on Build, Own, Operate and Transfer (BOOT) basis. Pursuant

to GOP's November 2005 Guidelines for Determination of Tariff for IPP, equity has been

redeemed after completion of the debt servicing. The project on expire- of the concession

period would be transferred to the government against notional cost as stipulated in the

Policy for Power Generation Projects 21)06.

Sf. The equity invesmaenr is expected to be a mix of local and foreign currencies. All the

invested equity (both roreirn and local) will be converted into equivalent US dollars at the

reference exchange rate. This component would be subject to indexation both for Rs. ; U SD

exchange rate variations as well as U^S CPI in ration.

S6. The return on invesunenr has been kept at 19° o in dollar terms as currently the PIB

(Pakistan Investmenr Bond; vicld is 1_;.S0 percent per annum for 30 years bonds. 11113s are

considered as risk free invesinents in market. The investor investing in project always

incorporate risk pr_::^ium r"', i::vcZtment . The hydro proiecr has long gestation period. hick

irks and the inyesrmenr is b ing made in current unpredicred political. severe economic

conditions coupled wi-. n circular debt :slues faced by the power sector. This justifies 19° o

dollar terns return. -also. he below mentioned risk factors are Involved in the project:

1. Political and secar_rv problems

Economic

cone rlons and

financial

crisis

nvironmen

tal

resettlement

issue.: people I

ndulge

liti

gation resulting in

rolonging

the

ementanon, period

3. Cost over-runs. for various reason including unforeseen delays which cannot

be quantified upfront

6. Higher risks du.u-1g project constriction and completion

Little experience world-wide regarding implementation of IPP hydropower

projects

S. Lack. of appropriate infrastructure

Problems associared with the project being in the

remote areas

10.

it.

Longer

gestation period

Circular

debt is,ues

S.,;

ii{UC.iI

RF^

2.4 M_w GnA

.NOOL HYDROPOWER

PROJECT

TARIFF PETITION

i:e,,rrn on equine

will be indexed

with TT&OD L'SS Pak Rupee Ua

by National

Bank of Pakistan as under.

ROI :h, = 1.806 * TT&OD i v / TT&OD

j.,.

or the purpose of

determination of tariff, it

't.hoIdint tax on rnru-f;

-<<lstrir-n on and

return on

•

l he per an R

Return on Equity during

Construction

Return on equip- during

eonsnvction

is the return to the sponsor toot

nje re i onn- construction period. The

return is

calculated at the rate of 19° e

a t ;or' of thin rears using the P_- IT formula. For the Pu poses of tan-lit Ca

cr..tr: on equip- during construction will be Rupees 0.459/k-tih.

Rholdinag; Tax

Tariff Ca

lculation Assumptions

Plant Size

Revised Return on Equity

The revised TT&OD USS/PKR selling rate i.e. Rupees

Febnian- as notified by -National

Bank

of Pakistan.

The reference TT&OD CSSJPKR selling rate i.e. Rupees

December 2009

as notified

by National Bank of Pakistan

Description

Assumptio,".

(Gros S')

-1.493 (-Yeti

ebr : Retun- Rauo 'S0:20

i.qui,-- Portion

Rupees

12(1.34 '\fiiion ( SD 6 ff _'`,;.ii;;

E_ qtin I=undin LSD and,`or Pak Ru;-)ecs

1 oan

urrencv

akistan Rup

ees

arerest Rate KIBOR r 14.25° o Plus ;° o

FROM IFT MEGA S-I'RuCTLRE S. POWER (PRIVATE) LIMITED

r MINX GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

Sr.

Description

4 Payment

Schedule

Loan Tenure

6 Construction Period

'\P\- Discount Rate

;(For computing Le-,-eli7(-d Tanft)

S Ei_tied O&M Costs

9 Vanabie

0^-,\:M Costs

10 Insurance

11 '\\arer

L se ^har^c

PPA Term

Return on 1.UUin

14 Reran on Fq utt- d_.r.;;.,

construction period

l 3 \V-ithhol dingy, Tax on Dividend

OPERATIONAL ASSUMPTIONS

16 Fsd hated _Uinual Net Energy

1- Average Annual Plant Capacity Factor

A^ erage

Annual Plant .',yaiiability

1 9

annual scheduled our_^_^es

9 Annual Forced Outa re : ioy; ance

Assumptions

Quarterly repayment including principal and

interest starring from date of commercial

operations.

10 years

30 months after pre operating phase and

preparaton- works phase.

1000

Rupees 12.66 Million per annum

Rupees 2.13 '\lilllion per annum

I",, of total project cost i.e. Rupees

6.02 Million per

annum

Rs.

0.1 ,1VIh

30 years

19" (, per annum dollar terms.

19" over a period of 30 years.

12.66 G\\1-i

60.23°

Will be

mutually

agreed with the Power Purchaser

during PP_

A negotiations

\\'ill be mutually

agreed warh the Power Purchaser

during PP_A negotiations.

\\uIl be mutually agreed with the Power Purchaser

during PPA negotiations

S.2

t' :F

rN'ii GA

STRUCTU

& POWER

(

PPT\

i t: ^

2.4 M\

GHANOOL

DROPO

PROJECT

TARIFF PETITION

ir.

Description

Assumptions

COST'

A,DJUST'MENT,

INDEXATION

AND ESCALATION

ASSt;MPTIC 01

C'o st Adjustm

ents

Cost vanarion in Civil Works, Hydraulic

Based

on EPC Contr ct(s) Pncc:

Steel Structure and M&E Works

Currency

Indexation Factor

Variable 0&:M. Foreign (

if applicable

Cost V"arianons

of Civil \Vorks due to Item

wise variations

in BOQ bns.;i

Detailed

Design design after EPC Contract(s)

;iv ;l \V-orks'

Cost Escalation

s per variation in escalabie

input ;:^.o^:

.Mataon in Settlement Costs On actual

basis supportecl by d(-jc ;

\ arianon

in Interconnection Voltage On actual basis supporter

br dunk

Rs.; LSD Variaacon

O&M.

Foreign (if applicable

) Rs .'L:SD V-ari_ non

insurance (if applicable

) Rs.. LSD \ar:acon

1:OE. ROE(

DC) & \\. Tax Rs

.;-

CSD Vananon

Inflation Factor

Variable O&M. Local Pakistan \NPI

\Vate.r Use Charge Pakistan \VPI

Fixed OLAI, Local Pakistan \VPI

insurance

TT & OD USS 'PIS'. sellu^ ear

National Bank

of Pakistan

:0i=.. ROE`DC), W. Tax TT OD U SS PIER sc11i1-^u rare s

National Bank

of Pak

istan

C1 J

FRONTIER MEGA STRUCTURE s POWER (PRIVATE) LIMITED

<.4 N CSI-LA.,NOOL HYDROPOWER PROJECT

TARIFF PETITION

Sr.

Description

Assumptions

Interest Rate

Adjustment/Indexation

IDC at COD & Debt Set-,-icing after

Variation in KIBOR as applicable

COD

Reference Inde>:anonMonth for

Ianuan- 2011

Pakistan \\-PI ,`.

Reference Indexation Month for

December 2010

Pakistan V,-PI

Reference Indexation Date for TT &

14 Februan- 2011

1OD,.,, US$ /PhR selling rates as

notified by National Bank of Pakistan

Reference Indexation Dare for TT &

31 December 21009

OD,,,_, l 'PKR sellh_ne rates as

notified by Nation l Bank of Pakistan

Other

General

Assumptions

The Arope std Reference Tara f 1F based on the folOAvjns assumptions. A:-,Y- change

.n any of these a sll_^^^7;1:.; 1I necessitate a corresponding adjustment in the Reference

Tariff:

a, Project financing structure is based on S0:20 debt-equip- ratio. If the lenders required

an equity contnbutiori 'ii;g-her than 20" the financing structure shall be adjusted to

meet the lenders' recjw ement. In such an event, the Reference Tariff shall be

adjusted at financial cic,sing accordingly.

b) Capacity- Payment is calculated based on the net plant capacity- determined in the

feasibility report of the project i.e. 1.495 Mw by applying annual plant factor of

60.231' o. Detail is given above under the caption "Reference Tariff.

c) Hydrological risk shall be borne by the Power Purchaser.

d; The consts:-icnon period for the purpose of Reference Tariff calculations has been

assumed as iii months from the Nonce to Proceed' to the EPC contractor. In case

the completion of the project takes mcn-e than 30 months. IDC and ROEDC shall be

adjusted based on the actual time taken for the completion of the project.

el No tax on any income -,r FMSPL including the sales proceeds from CPP_- /\TDC

8.29

(i;i:I

CI,— J

1 f 17J !N,

:G_^ TRUCTL'RE PO\\"E F. (l'R?^' "^ ?') 1_I i1

2.4 iw GH.ANOOL HYDROPOWER PROJECT

TARIFF PETITION

assumed- Corporate tax, General Sales Tax and all other tales, excise d,.:. .

"es etc. by any Govt. functionary including local bodies as and a he n irnh _+s c .

he treated as a pass through item.

it hhoiding tax C^ 6° o on local supplies/`services by the Contractors1'Cur_ -

^^ncluded in the project cost. No %ithhold.ing tax in respect of

:u:actor is foreseen. In case there is any change in taxes etc., or if adriia;,_...

i e s. excise dun-, levies, etc. are imposed, the EPC j Project cost and the R,

ariff will be adjusted accordingly.

osier Purchaser shall make payments to FMSPL to cover all the eners

sae

the Grid during the pre-COD period on account of the trial niiris

testing/retesnng. commissioning of the Plant and during additional

Gperanons Tests until COD is achieved. Payments will be invoiced re

P^..rchaser as per the EPP component of the Reference Tadf_ in accora r :: .t

mechanism specified in the PPA. Similarly, the price of energy delivered durins

(;OD resting shall be paid as per the EPP component of the Reference

I he Power Purchaser shall be solely responsible for the tinancirn*

>>ocurernent, construction, resting and commissioning of the IntercotLij c

rannussion facilities. The Power Purchaser shall cumniere all

commission the Transmission facilities at least three months prior to the

c,_ missiorung of the tryst unit.

On Debt ;enuces Resen e Account 'DSP . Maintenance Res r c

Co:.tir.crenc^- heserre Account or any other Reserve Account has been c

:anldel.

`^r> n construction period, the timing of debt drawdrnvn may , ar

srirnated now; as such, the actual ('Interest During Consrrucnon' .11)._

updated at COD and the Reference Tariff table ,%ii be aditrsteci 1

Sirnilarly, the adjustments for variations in the assumed benchmark Inhere s r ^v

shall be applied.

(per: non and -Maintenance of the plant v U be as per the OEM's rec r .t:

in the 0&M manuals.

_d11 generable

energy from the plant shall be fully dispatched

.'accepted

Purchaser or payment

in lieu thereof shall be made

by the Power Purchaser

ON" aver Use Charge

and its indexation shall be in accordance w h

hydropower

generation projects, 2006 and the Water t: re Agreement

siesnreci .:

the Company

and the provincial government.

\Iithholding

tax on dividends

-.5°a as required under

the

Ordinance

, 2001 is assumed

Any change in the rate

of the ^t ithholding ten

pass--tl-urougn to the

Power Purchaser.

FRONTI R MEG "+ STRUCTURE & POWER (PRIV.ATE) LIIviITI-;I7

Mw C1I-LANOOL HYDROPOWER PROJECT

TARIFF PETITION

o) Zakat deduction on dividends (curiend., at 2.50 o) as required under Zakat Ordinance is

considered as a pass t1E-ough.

p) In case of any wunrennonal error or omissions, n-pographic errors, and any genuine

assumption being oveilooked, the same will be corrected 1 incorporated and advised

toNEPR\ as soon as FMSPL becomes aware of it.

ci)

Any additional indexation or concession allowed by the GOP, NEPR-\

or another

Govt. funcuonan- to any IPP shall be allowed to FMSPL without

any discrimination.

91. In order to provide an incentive for operating the plant effectively and c fficienth-, it is

ern isaged that in the event the annual energy production is more than the benchmark

energy assumed for calculation of the Feasibility- Stage Reference Tariff i.e. in excess of

12.66 G\lh net electrical output in any Agreement Year. besides EPP, additional

Capacity- Payment shall be made C 10°,. of the Levelized Capacity- Purchase Price per

kWh for the energy delivered beyond the benchmark energy of 12.66 G\l"-h net

electrical out-nut in any -Agreement Year. This is recommended by the consultants in

the feasibility report and is also in line with the incentive already allowed by _^EPRA to

\Ialakand III H%-d-opower project.

The

Co? 1pn r- r_ y se

_'rh rence Tariff

the

roject.

based on the

osts

estln7ared

the fcasibihrv report an"'

the

assumptions outlined above, applicable for a period of

thirty- (3

()

a,c_

reement

Years

conunencir:R

from, the Cornmercial Operations Date is

placed at

Attac

hment I

for con,deranon. by the _^urhor`i^' ^iPRA) du Ong

tariff determination. Tire Debi Servicing Schedule is also placed at Attachment T - 1.3.

summar f Feasibility St::gee Reference Tariff- riven below:

Summan- of Feasibility Stage

Description

Capacity

Purchase price

Reference Tariff

Year 1 - 10 ' Year 11 - 30

Levelized

ear 1-30

Rs. per k\\_ Rs. per kW Rs. per k\\-

Fixed O&M

1.000

Insurance

0.475

0.473

0.4c5

ROE

1.806

ROEDC

('.4 59

0.459

0.159

\X-ithholding Tax la

.5 '

0.1-'0

0.1 70

0.170

Loan Repayment

Interest

Charges 8.043

5 243

otal

11.952

3.909

9.152

Energy Purchase Price (EPP)

V-ar_able OTC M 0.168

0.168

S.311

(iEi.

i:C) Ari IF,! N3EGA STRUCTURE & POWER

2.4 I'vlw GI-LANOOL

HYDROPOW

ER PROJECT

TARIFF PETITION

Summary of Fea

sibility Stag

Reference Tariff

Description.

Pearl-10

1 'earll-"0

I- . t.

e i

Itis. p

er k\\'

Rs. per k\\"

:tt r i- se Charge

0.150

0.130

.i ,:tai

0.318

J oral "tariff (Rs./k\ h)

12.270

4.227

(i) CPP

equal to

10°% of the l ve

EPP delivered beyond 12.66 GWh

^v- A reement Year

Cents 1.433

/ KWh

at ex

change . <

of Rupees 86

Capacity Purchase Price pee 14.`-, 0

Rupees 0

.915/K'h ; and

(ii) EPP

i.e Rupees

0.318/K'A'"lh

Total :

Rupees

1.233/Kwh

he Levelized

Reference Tariff worked out in the Feasibd

iry report is Ru:

I y t: or 1^ S Cents 1 1.010 % h^V-

h at exchanze rate of Rupees 56.

NI TAR. MECHANISM FOR DETERMINATION OF T.ARIh

HYDROPOWER PROJECTS

F_I'I

Mec

hanism

for

etermination

Tariff

j^ diopo ^ r r ,'t

1Tv i ;. 2003 requires

determination

;

revision of tariff for

hydropower pro

rii^ )v ::c three staves:

a. The tirsr stage foreseen in the _NIechanism is for a tariff

Feasibility Study of the Project. Feasibility Srudy is required tc, be

curate and supported by relevant details including unit rates

activities:

b. The second

stage envisaged in the Mechanism

provides revisit..,

Feasibility

Stage tariff on the basis

of EPC Contract(s).

adjustments are allowed

at this stage:

Cost

Variation due to Geology in Tunnels

: The cosy vat aeons arc s:i'i

either due to

escalation of rates or changes due

to a different das:ifi .

rocks encountered

during execution.

ill. Civil Works

Cost Escalation: Adjustment in cost

is allowed due to eec al

in prices of Steel, Cement, Labour and Fuel.

Cost Variation

in Hydraulic Steel Structure and M

&E Works: Thu. c

y J t) 4

FROWN-I 11-11, i- 4LC,,-. ,TRLCfLRE &: POVER (PRly l E) L,IniiTL D

?..4 Mvy GHLANOOL M-DROPO\k ER P1tOJECT

TARIFF PETITION

Hydraulic Steel Structure and M&E Works

are adjustable based on the costs in

the EPC contracts;.

95. The third stage visualized in the Mechanism is the final revision in costs (arrived at

after EPC contras ) allowed at COD. The adiustments include:

i. Cost Variation due to Geology

in Tunnels;

ii. Civil Works Cost

Escalation;

iii. Cost

Variation

in Hydraulic

Steel Structure and M&

E Works; and

iv. Cost Variation due to

Resettlement Cost.

96. The adjustments on account of (i) and (ii) above are allowed in the same manner as

at EPC stage up to the date the project is scheduled

to achieve

COD. The Cost Variation in

Hydraulic Steel Structure and '\I&E Works (item (

iii)) is allowed

at EPC stage or alternatively

at COD provided no adjustment is sought at EPC stage. As regards item (iv) above,

variations in resettlement COS L and land costs from

those given

in the Feasibilin- report are

allowed provided the rnatiai r _tes and variation

in them are

certified by the concerned

provincial government and ar,;croved by NEPRA.

9-. Feasibility Study of the project has been prepared by the renowned consultants. It is

supported by the

relevant

d :.ils including unit rates for

various

activities. The Reference

t' t t: .n

:.GIs l : uIIUn

,:a_ been computed

based

on the Lout

estimates provided in the 1=e sibilin report and the assumptions discussed in this Petition.

Tl^e Feasibiun Stn e Reference Iar f initially determined pursuant to th s Petition sha l he

subject to adjustment in accs^rdance with NE- PRA Mechanism for Determination of Tariff

for i I. dropou er Pre c_s Jucussed below- Since no runnel is involved in the proposed

project. no adiustmc'nt would or. required or account of 'Cost

Variation due to Geolog-

-in Tunnels

'. The adjusnnen:s -,would, therefore, be limited to the following:

I. Civil W

orks Cost Escalation;

ii. Cost Variation

in Hydraulic Steel Structure and M&E Works; and

in. Cost Variation clue to Resettlement Cost.

98. The adjustment would be sought at E- PC and COD stage substantially in accordance

with the provisions of the specified Mechanism. The methodology- to be used for Civil

\1; orks Cost Escalation is discussed in detail in the following paragraph.

CIVIL WORKS COST ESCALATION

99. Total cost

of Civil \\-

orks as estimated in the Feasibility report is Rupees 190.93

mullion

The prices

of Cis-

il \\-orks wil

be revised/adjusted on the basis of the EIIC

Contract

(

s). These will then hc' subject to adjustment due to variation in BOQs based on

detailed design and due to c:,calanon in input costs from time to time

. A

n item-wise

summary of the

BOQs for the Civil W

orks is given in -attachment

...

Firm quantities for

such items cannot be wobted c, 1; at un feasibility

stage. The

quantities

of the Civil Works

f r...^+

CmnTrr

^t-ri^

nr' 0 POWE

R (1

)-"-.-^

r-\ T rx

J>aair ..'r _,:x.?1r^^1,

1l.cx

MW I-I._A.NOOLHYDROPOWER PROJECT

TARIFF PETITION

Berns -n in the Feasibility-

report and summarized

in Attachment are,

tln^rc;or:,

r at; >r on finalization of detailed

design

. The quantities of the respective

rkz rcnr the project uill

be determined and finned up at the detailed

design stave

i,ract a rid will then be

kept constant as per

NEPRA Mechanism. F'^f`PI,

d °ra i s along with documents-in-support to NEPRA for revision of th

ale ^eei nriries and costs

and the Reference

Tariff.

P)ase rates and sources of prices of the escalable input cost items of the C

^f -he project i.e. Steel and Labour as

given

in the

Feasibility

- report are as under:

Unit Rate

tem

(Rupees.) Source

el 120/Kg As per feasibilit truce

lecav-adore - Bulk 4,3 ! m' - do -

::^ecavarion - Structural 13 / irE - do -

:1111 'he cost of Civil \Vorks w

ill be subiect to adjustment from

time to u

cot, nn,iction

for any variation in the base price of the above inputs i.e

. Steel. t

_.ab-cur both spilled

and unskilled)

etc. in accordance

with NEPRA

lee l:^tn. !

rev

sed

p?lees of

put

ost

tem

5'_1bleCt to escala^

noeited from time to time by

the widely accepted relevant

agencies

The

esca

subject

to a

ent

with th

e, EPC

ntractor.

COST V

ARIATION IN HI

DRO-M ECI-LANNIC

AL AND EL Ft

-,Qt- IPMENT

The costs of Hv-

dro-Mechanical and Electrical equipme_t. including cron e:

it_:ated as

127.59 mullion in the Feasibility report

These costs

shall ,

,. r.ient '.cased on

the actual prices in the EPC contract

(s). FMSPL will requ

r e eccssain adjustment

at EPC stage or altcrnauvely at COD provided

no adiu_

: t at the EPC

stage.

F^ISPL w

ill submit necessar details along « dl out

-.ut-,pui to NFPRA for

adjusnnent

enhancement of the Feasibilir

- Stage Reference

J] 1112M y-ele EPC Stage

Reference Tariff.

`,. ICON CREDITS

I vdropower

is a clean form of elecrricin

The Project

Mil reduce CO'

nci uld

mitigate other pollutants, such as SO2, NOx and particulates

^_.vy`et generanon from fossil

fuels. Currently

only projects due to

be completed nit

i,eir;' gnstercd for carbon

credits

However, carbon credits will

be taken into acc(-,.,:.;

ap;-)a: able.

l.r

FROND if_R M1__.(1_9 STRUCTUREE cc POWER (PR.IVATE) LIMITED

GI-IANOOL HYDROPOWER PROJECT

TARIFF PETITION

SUMMARY

OF THE PROJECT

INFORMATION

Description Data

Total base project cost

Financing stricture

Debt

Equurv

Construction period

Project basis

Type of turbine

No. of units

Generator rated cap act iv

Estimated gross plant capacin-

Auxiiian consumption

Rupees 601.70 'Million (US

6.99

Million)

so"o

30 months after notice to proceed

BOOT

Single jet Pelton wheel

800 I3TA x

2.4 Mw

Net plant capacity 1.45 Mw

Generation voltage

.3 Volts

Annual gross energy reneratio. 12.66 G\Vh

Average annual plant factor 60.23

Feasibility Stage Reference Tariff

Average tariff for years I to 1,')

Avcrasre t2nrr ror yea^-^ i to 21'

^vera_e tariff for years 2I to

erage tan rr for v ea_ s

L.evelhzed tariff over ears a r discount rare

Canacin- Purchase Price for cne-.,,- delivered beyond

66 G\\'h in any agreement yea

Rupees 12.2-U / KWI-i

Rupees

4.22

' L 9 1-

Rupees 4.22- / K-W1h

Rupees 6.908 / h\V-h

Rupees 9.469 j 1,^Whh

Rupees 0.915 / h-\\-h

VIABILITY OF THE PROTECT

105. Major advantages of 1:i dropo«-er plants are as under:

a) Hydropower plants are economical on long-term basis. No fossil fuel is

required; hence, operanon cost is low. These advantages grow with the passage

of time due to escalanon of fuel cost and detradar;on of heat rate of thermal

plants exisnng in the system. Tanff is thus sustainable on long term basis.

b) These can be quickly synchronized and brought on full load within a few-

minutes.

c) These are capable of responding to rapid variations in loads without loss of

efficiency.

d) The plant and associated aril structures have a long life.

OFD

PO2 i'IF EG_L `_i' 'RU

CTL RE ^,

Po ^

R (PRIV

ATE:) _i_.I Xii 1'i

2.4 Mw GTLANOOL HYDROPOWER PROJECT

TARIFF PETITION

1l:oinrenance

requirements are lesser as compared to thermal

and nuclear p, C

plants.

IIizlropower plants are

economical than other n-pes in respect

of capita;

<,nl load of plant

auxiliaries.

n-toreseen

outages are less frequent.

'.2 hest facihtare

thermal plants to operate in the most economical .gay.

ij .anal Fall;'Run-

of-River hydropower plants are better

suited for T,:_

load duty.

jj By

taking

fluctuations of all kinds, the

hydropower plants improve

overall operational stability and reliabilin

- of the system.

k) They reduce

energy-related C02 and other gaseous

errussior-a ; ._

mitigate

climate change

;

global warming.

few disadvantages

of the hydro

power

plants include

high capital

period,

and higher risks during construction

besides cn^ uo n-ier

merit issues. 1-4owever. this

project

involves

exceptionally

minor resetri rr ei

au,;s capacity

of the hydropower plants;

being

dependant

on available o.Tn':

rh; utr a_nd c: nsiderably reduces durinL- dry years. Nevertheless. th b ,

plants outweigh

their disadvanta

ges. In fact

. the hydroelecuic ener ,

ode of renewable energy available

for utilization.

t ^R - Ghanool F-Tvdropo%ver

Proiecr

at FMSPL has all the advantages

he tar : being sought be the FNISPL

is much lower

than the p,rese t

:echnoiogy

thermal power plants xv th their emissions

adversely , ,:7.i,

,, , ,,;;Went. The tariffs of

thermal power

lants are

based on 60.23``„ ,

nn factor and in

case plant utilization is less than 6n

.'3`' o. the actual to _ t 1

l:uriher, these tariffs

would keep on increasing

over time due to

ion and unceasing price of the fuels. The proposed Levelized Revere: ct

« h for the 2.4 !w

Hydropower Project at Ghanool

will bec,at6T,_

I -)se of the thermal

power plants with the passage

of time as it will not be a::

1:-P ii:;:rease in the fuel price

. It is also environmentally

friendly. All the

including the Power

Purchaser,. the provincial government and the

electricity co111<,-^r.., ,

11nlee°_i reap benefits on cbmpletion

of this project

. The 2.4 '^hv Hydropower

.:,.tool is, therefore, viable for

implementation.

DETERMINATION SOUGHT

The Petitioner

requests the

ational Electric Power

Regulator- Authora,

Lndlc approve;

determine the following:

0 Fi F

FRONT (.- :I

MEC

STRU

TURE

POWER

RIVATE

)

LIMITED

4-4

M' G. ANOOL

I-IYDROPOU ER

PROJECT

T uc.iFF i F T iTiOii

a. Fe;lsi5ihty Stare Reference Tariff for the 2.4 ivTw Hydropower Project at

Ghanool for period of thirty (30) Agreement Years from d-ie Commercial

Operations D.Ite.

b. Pry ,visions for adjusunent of Reference Tariff for EPC Cost as contracted

and for the Cost Reopeners specibc to hydropower projects; and

^d^usnnent,'indesanon of the Reference Tariff components over the

period of dhiro- (30) Agreement Years and approval of other salient terns

and condition:; of the Power Purchase Agreement.

8.,7

il''

ATTACHMENT - T - 7

LOCATION PLkN

FRr..•T E Mrcn

STRUCTURE

(PR

TVATF)

T.TMTTFD

GH 4NOOL HS'DROPOWTER PROTECT

three

LAW

Pys

1^'. Fa ^.r•

Project Site

Mo,t

how

j•,

,tw

Gr.1 JGO^

r,r %^

^•W FJIitoC

.YY

Fmr

N J

FrI. !.J n

tw.. 1 aAarat,aC

ANC

d,J

B-C

Map Satemte

Lar

A.:Y

I IInT.'

4F^Nv

fawn

MA7A aW

tj..r•_

Ji.." GAM

: Goopr • r

FRONTIER

MEGA STRUCTURE

&- PO-\X-ER (PRIVATE

)

LIMITED

2.4 MW GHANOOL HYDROPO E

R P ROJECT

TARIFF PETITION

ANNUAL ENERGY GENERATION

THE PROJECT BASED ON HISTORICAL HYDROLOGICAL DATA

ATTACHMENT T - 8

TECHNICAL CONSULTANTS

FINANCIAL CONSULTANTS

RL:LZAHMAD & COM?ANY

ATTACHMENT - T - 8

t-FONi1LK IN1LC

^ STRUCTURE {PE

I 1, T

L1 L ,ITE D

2.4 M

W' GHANOOL HyDROPOWER PROTECT

ANNUAL ENERGY GENERATION BASED ON HISTORICAL H'DROLOGICAL DATE

Month

Available

Discharge

(m3/s)

Water

loss to

seepage

local use

Diverted

Discharge

Power Energy

tan

0.20 0.04

0.16

400 297.600

Feb

0.35 0.05

0.30

^'^f0

470.400

Mal

1 0 0-15

i 1.i0

=. i_lil 1,-85,6100

Apr

1.35 0.15

1.20

2.400

1,728.000

1\1a^

J 1.40 0.15

1.25

2,400

1,785,600

)un

1.05 (1 10

n 0

2.4I

1.7.9 COO

lul

0.S0

0.10

0.70

1,600

1,190,400

Aug

1.00

0.10

0.90

2 200

1,636,800

Sep

0.65

0.10

0.55

1,400 1,008,000

Ocr

0.45

0.05

0.40

650 483,600

Nov

0.30

0.04 I

0.26

400

288,000

Dec

0.1 S

0.04

0.14

350 260,400

Mean

0.74 . 0.

0.66 1,441

.67

12,662,400

Annual Plant Factor

(%)

60.23

FRONTIER MEGA STRUCTURE

POWER

(

PRIVATE

)

LIMITED

2.4 MW GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

PROPOSED

ACTIVITY

SCHEDULE

ATTACHMENT T - 9

TECHNICAL CONSULTANTS

RENCON

FINANCIAL CONSULTANTS

RIAZ AHMAD & COMPANY

Cnartereo

Accountants

N' 1A

P;- iP.`•61111.9

U90

FRONTIER MEGA STRUCTURE

POWER (PRIVATE

)LIMITED

2.4 MW GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

ESTIMATED PROJECT COST

As PER FEASIBILITY REPORT

ATTACHMENT T - 10

TECHNICAL CONSULTANTS

RENCON

FINANCIAL CONSULTANTS

RIAZ AHMAD & COMPANY

Chartered Accountants

V, ',I A11cGn_

U9''•

ATTACHMENT - T - 10

FRONTIER

MEGA STRUCTURE &

POWER (PRIV

ATE) LIMITED

4 n^. C11'. QOLHDROPO.1

ER PRn!F.CT

ESTIMATED COST AS PER FEASIBILITY REPORT

PROJECT COST AND SOURCE OF FINANCE

Rupees in Million

Freehold land

27.89

Building and

Civil works

Diversion weir

3.01

Approach Channel

6.01

Desanding / desilting chamber

6.74

Power Channel includine protection works

65.79

Forebav & waste\,-a- -

_82

Penstock anchors & Supp<u-ts

18.54

Penstock steel pipes (Ma :: d spit ^. a .

44.43

Power House

Tailrace

J.23

Miscellaneous protection vV arks

15.35

190.93

Hydro-ilecharucal and l'.lecuical equipment

1'3.59

11 kV transrrussic-n line to Balal:o; and swirch^zear

26.54

'^liscellanecu <sc cl -1;

6,,9

Dunes, port clearances. instu•ance, taxes, transportation 12.43

171.35

Furniture and fixrures

Office equipments

2.50

Computers

2.50

Vehicles

3.010

10.09

Pre-operating expenses

32.25

Legal charges

2.50

Debt arrangement fee

11.00

45.75

Contingencies 22.30

Total cost of project excluding interest during construction

468.216

Interest during consu-ucnon -[DC 133.48

Total cost 601.70

Egw'n 120.34

Debt 481.36

601.70

* Project cost amounts to USS 6.99 Million. (At exchange rate of Rupees 86)

FRONTIER

MEGA STRUCTURE & PO\\-ER (PRIVATE) LIMITED

2.4 MW GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

COMPONENTWISE BILL OF QUANTITIES

As PER FEASIBILITY REPORT

ATTACHMENT T - 11

TECHNICAL CONSULTANTS

FINANCIAL CONSULTANTS

^ ^ ^ G r

MP%N

Ii^l•;

ATTACL

IM'IENT- T - I I

FRONTIER MEGA STRUCTURE (PRIVATE) LIMITED

2.4 MW Gi IANOOL HYDROPO\t'Elt PROJECT

COMPONENT - WISE BILL of QUANI ITIES AS PER FEASIBILITY REPORT

Excavation

FCC

RCC

Stone /block

Structural

MISCC11a11CnU5

-_--

'I'olal

k I

Plaster

1:4

I)rolcctioll

tem

rade

Grade 21

masonry

steel

.uurnl

Bulk

Structural

^^ orks

III

1\1.Rs.

1)1vcrsi4,n \ccir

4110

3(,0

22))

17(1

i.u1U

\l,l)nacl

(;I

anncl

1635

50O

2.13

7.2)

23(1

(.(',I 1

^;u

cl Iral, / dc-siltin>;

--- -

3,45

325

261)

215(1

6.7 i8

kisin

I'.,^, cr (:I

annc 1

25151)

6201

475

2 I O(1

15.35 G5.7`1l

I rcl)a & wastcwa y

221)()

205

125

I40O

3.5 7.N20

I'cnst„ck ancliurs &

3500

7711

1')111

(I --

O 15.535

Sill l,h(lrts

Pcnstfwk l)il)cs (111,111 1,111d

(

O --

31735(1

6.35

4-I.432

"past c\Vay)

I)^ccr 11(nlsc

7522

3000

365

225 --

4O(IO

1500

4.5

2(.018

(;lilracc

345

125

31)

13U

3.226

^Iisccllanc(

us l)rc

tccli()n

15.31

Total BOQs

44137

11485

2523

3351

452.25

4000

322800

Unit Rate (Its.)

423

705

8645

12595

4500

285

120

Total amount

18.669

8.096

.811

.205

2.035

--- 1.14

38.736

30 190.932

ATTACI-I111ENT - T - 11

FRON'rII

lt MEGA STRUCTURE (PRIVA'T'E) LIMITED

2.4 MW Gi IANOOL HYDROPOWE

R PROJEICr

ConIPONEN'r - WISE BILL OP QUANTITIES AS PER FEASIBILITY REPORT

Brcak

-Up of E / 111 Cost

Item

C& F

Dut

ill,

Erection

Cost/unit

Unit

'T'otal

I nLc1 ^ ;l1 c

u.765

Op I'R

( I) 18

(1.

88(1

)()n

(,','!

I'cltlln turl

)inc

').51)11

(1.475 U.1138

(1,(124

10,037

3.()_(1

?U.I i l

1\.(Il llllic (

^1,^crnl,r

(, tO

1).13-

li.I l l

13,1

3.(1;(2

3.11(11)

210

Spcm- & NI"zIc

2.8711

O.I I !

0.1'111

(1.144

3.301

3.000

9.902

\(, Gcncralor

').1011

O.47O

04.711

(1.47(1

111,M1(1

3.O

11()

I?.130

3300 \' unit

switch I

)

uarcl

-565

().27;1

11,278

(.2711

6.41111 2.11110

1'.1111()

3300/11000 1 NT\';\'I•t-mis(

u)rnlcr

4.11110

().2()()

0.200

(1200

'I.61)(1

3.1100

13.(1pl

I000 v()IIs sa'itcligcar

1.25_

0.2I3

0.213

.R iR

_3.1)0

1 I.(16j

IIIN lntcrcunncrli1

,11

(^11SCCI1aI1C1

US sl('Cl l

\'1)I'I:C

_ _

-__ .__-__

11.791

utie

pert C

eara

nces, Inslirallcc

& (

axcs.

2.1128

9.030

1.1952

1.515

, 1500

13.1)97

171.31

FRONTIER MEGA STRUCTURE & POWER (PRIVATE) LIMITED

2.4 MW GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

PROPOSED FEASIBILITY STAGE REFERENCE TARIFF

ATTACHMENT

T - 12

TECHNICAL

CONSULTANTS FINANCLAL

CONSULTANTS

RAZ

^tiiAD

&• COMPANY

arr .

;:ccul:m;

Fruitier

Mega

Structure

(Private

)

Limited

2.41.1'4( Ghauoul H,drupu44ti Project

Feasibilitc Stage Reference Tariff

Year

Rupees / 9"\X'b

ROE

Attachment - T - 12

. \Vtthhuidlug

Total I Tariff

1 11.150

1)108

(1.319

1 11011

114-5

6.043

)).4599

1.806

('.120

11,952

12.270

2 (1-150

0.108

0.3 11,

1.000

04-5

8.1143

0459

1.806

(.I-1 O

11.952

1.2%)

3 0.150

0.168

(1.318

1.000

04-5

8.043

(1459

1.800

11.1-0

11.952

12 .2-0

4 11.150

0,168

0.319 LODU

0.4-5

6.043

11.459

1.800

11,1%0

11.952

12_2-0

5 11.151)

1)169

0.318

1 000

04-5

8(,43

11499

1.806

11.1740

11.952

12.270

( 0.151)

0.168

0.3

1.0011

11.45

6.043

(I 459

1.806

11.1-,0

11.952

12__2"U

0.1510

(.108

0.318

1 (100

04-5

8.043

11 459

1.806

11.170

11.952

12.210

8 11.150

0.108.

0.318

1 000

114-5

81143

11459

1.8(16

11.1-11

11,9522

12.2-6

9 0.150

11.168

0.318

1.000

04-5

1,,043

0.459

1.806

0.1'0

11.952

12.

2-0

1(1 1 150

0.108

11.318

5.001

(14-5

9.043

0459

1.8(16

0.170

11.952

12.2-0

11 (0150

0.108

'.(318

(If 10

(14-5

0.459

1.806

(1.1'11

3.9119

4.227

12 (1.151)

0,168

U 318

1,000

04-5

0.459

1.800

0.170

3,9(19

4.227

13 0.15(1

0.168

'1,,18

I l t'

(1459

1.8(16

0.1-0

3909

4.22

14 0.150

(1.108

11.318

1.(100

04-5

0.459

1.806

11.1-0

3,909

4.227

15 (1.150

0.108

0.318

1.0..11

0,4-5

• -

1.459

1.806

0.1-0

3.919

4.227

16 . 0.150

(1.168

?) _;19

1'ta11:

('4-5

0459

1,806

(11-0

3.909

4.227

1 IL15(1

(1.166

).318.

1 0'19

('4-5

(1499

18(10

3.91)9

4.22-

60,15v

(:.1

1,459

i.816

('.1

390'9

(9 ,,;S1)

ui0h

1,450

1.25(0

(.1-('

3,91)9

220 0 151>

0.168

0_3

0 459

1.806

3.909

4.22

21 0.150

121,0E

U.-'s

1.'911

4-5

11_;59

1.8u6

0.111

39119

4 ...

__ 11.15)

('.1 (•8

- r

, 1 li,

---

f' 451

1.1411(,

11.1

2.91"

4.-^

(1. 1

1' 161,

I1.5(9

(n n'

;; 4-5

(459

1.806

01-0

r '

19.

3.9

4.22-

24 0-150

(1.166

('.3(

I 0 n,

1.4-5

(1459

1-8(96

111-0

3.9(19

4.-

0 168

('.319

I 1111,

1,.4 5

('.459

1.8110

11.1-0

3.9119

4.22-

26 11.151>

016E

318

4 '

04-5

(1.459

1.806

0.1-0

3.9(19

4.227

- 015))

0 161,

(.3 (

1 1 1('

11 4-5

0.459

1.809

11.1-1

3.91)9

4.22

((.15(1

a ton

;1 r

1 u r'

-(99

)906

(: l 0

3.9(19

30 (115(1

(!.108

0.318

LOJU

4 5

1.459

1.806

(1.171)

3.909

4.227

AVERAGE TARIFF

)Xater

Vanablr

Fixed

7ou1

Insurance

Debt Ser

ice

ROE during ROE

Withholding

Total

iff

Year

Char es

O&M

Construction

Tax

ees / fM'h

(11 to 111

(1,150

( ! - 1 0 8

(,3 18

1.(1!111

(.043

(.459

1.8116

0.1-0

11.952

12.2 %0

1 11 .20

0.150

0.168

(.319

1!1,01

04-5

0.459

1.806

11.1-0

3.909

4,z_,-

21 i0 30

11.15(1

11.168

(', 318

0011

II4-5

(459

1.10 06

(I. 1-(1

3.91))

4.2-1-

1 to 30

1.130

((.168

0.319

1.0'41

((4-5

2.081

(1.439

1.800

0.1-0

6.590

(,.1)8

LEVELLIZED TARIFF

water

Variable

Total

Fixed

Itnuranct

Debt

ROE during

ROE

Withholding Total

Tariff

Charges

Service

Construction

Tax

Ru ees 1 hV'b

Water Variable

Charges O&M

Total

Fixed

O&M 'Insunoce Debt Service

(.4-5

KUL during j

Constructionl I Tax

1.806

0.15 0.168 0.318 1.00(1

5.243

(1.459

0.170

9.152

9.469

() 9

FRONTIER MEGA STRUCTURE & POWER (PRIVATE) LIMITED

2.4 MW GHANOOL HYDROPOWER PROJECT

TARIFF PETITION

DEBT SERVICING SCHEDULE

ATTACHMENT T - 13

TECHNICAL CONSULTANTS

FINANCIAL CONSULTANTS

RIAZ AHMAD & COMPANY

Caartereo Accountants N'IXIA

RENCON

jjqq

Attachment - T - 13

Frontier Mega

Structure

Power (Private

) Limited

2.4 MW Ghanool Hydropower project

bt sched'..'!

Period

Principal

Repayment

Mark

Balance

Debt Service

Rupees in Million

Quarter 1 481 357

4304

20.759

476.653

25462

Quarter 2

476.653

4.907

20.556

471.747

25.462

Quarter 3

471.747

5118

20.344

466.629

25.462

Quarter 4

466.629 5.339

20.123

461.290

25.462

Year 1

481.357

067

782 461

290 101.849

Quarter 1

461.290

5.569

19.893

455.721

25.462

Quarter 2

455.721

5809

19.653

449.911

25.462

Quarter 3

449.911

6.060

19.402

443.852

25.462

Quarter 4

443 852

6.321

19.141

437.530

25.462

Year 2

461

290

759

090

437.530

101.849

Quarter 1

437.530

6.594

18.868

430.937

25.462

Quarter 2

430 937

6 878

18.584

424.058

25.462

Quarter 3 424 058

7 1 75

18.288

416.884

25 462

Quarter 4

416.884

7 484

17.978

409400

25 462

Year 3

437.530

.131

73.

718

409

400

101.849

Quarter 1

409 400

7 807

17.655

401.593

25.462

Quarter 2 401.593

8 144

17.319

393.449

25.462

Quarter 3

393 449

8495 '

16,967

384.954 25.462

Quarter 4

384.954

8 861

16.601

376.093

25.462

Year 4

' 409

400

33.306

543

376

093

101.849

Quarter 1

376 093

9 243 .

16.219

366.850

25 462

Quarter 2

366 850 9 642

15.820

357.208

25.462

Quarter 3

357.208 10.058

15.405

347.150

25.462

Quarter 4

347 150

10 491

14.971

336.659

25 462

Year 5

376.

093

434

415

336.659

101.849

Quarter 1

336.659

10 944

14.518

325 715

25 462

Quarter 2 325 715

11 416

14 046

314.299

25.462

Quarter 3

314 299

1 1 908 .

13.554

302.391

.25462

Quarter 4

302.391

12 422

13.041

289.970

25.462

Year

336

659 '

46.689

. 55

160

289

970

101.849

Quarter 1

289.970

12 957 12.505

277.012

25.462

Quarter 2

277.012

13.516

11.946

263.496

25 462

Quarter 3 263.496

14.099

11.363

249.397

25 462

Quarter 4

249.397

14.707

10.755

234.690

25.462

Year 7

289.970

279

570

234.690

101.849

Quarter 1

234.690

15.341

10.121

219.349

25.462

Quarter 2 219 349

16.003

9.459

203.346

25.462

Quarter 3 203.346

16693

8.769

186.653

25.462

Quarter 4

186.653

17 413

8.049

169.240

25.462

Year 8

234

690

450

399

169

240

101.849

Quarter 1

169.240 18.164 7.298

151.076 25.462

Quarter 2

151.076 18 947

6 515

132.129

25.462

Quarter 3

132.129

19.764

5.698

112.365 25.462

Quarter 4 112 365

20.617

4.846

91.749

25.462

Year 9

169.240

77.

492

357

91.749

101.849

Quarter 1

91.749

21.506

3.957

70.243

25 462

Quarter 2

70.243

22 433

3.029

47.810

25.462

Quarter 3

47.810

23 400

2062

24.410

25462

Quarter 4

24.410

24 410

1.053

0.000

25.462

Year 10

.749

749

100

000

101.849

1. 0 ,-,1

bb-

NATIONAL ELECTRIC

11 01VE11

REGULATORY AUTHORITY

NOTICE OF ADMISSION

PUBLIC HEARING

PETITI

N FOR DET RUINATION OF GENERATION TARIFF FOR 2

4 MW GHANOOL HYDROPOWER PROJECT TO BE SETUP BY FRONTIER

MEGA STRUCTURE A POWER

(

PVT.) LIMITED

(

FMSPL

)

AT GHANOOL NALA

BALAKOT

KHYBER Pl1KHTUNKHWA

•PKRN•US$I

8. The breakup of protect cast provided by to

petitioner is

given hereunder

Tariff Component

Total Tariff

'PKR/kWh

C41 1

111111M.

Average

tariff 1.10

ym)

270

14.267

Aver lard 11-30

ars

)

.227 .

4.915

Aver tarn 1-30

yms)

.9011

8.03

Levehzed tW over A term (30

yea

)

at 10% discount rate

11. 10

Description

EstImated cost

(PKR Milian

)

Estimated cat

(USS Million)

Freehold Lib

27.89

0.3243

(l crvi works

190.93

22201

uerw

vori

ome,

art arias

. Insurance, Transportation

T V

.144

Other Noll-EIRC C'011118

1000

1 0.11183

03750

rerrcaM

charves

13.50

Canlargonew

0.2593

T OW Plow

rest je

ffk"

) •

133.48

Pre0d Cost

9. The Authority

has decided

to hold public

hearing of the petition on the date

time and venue

mentioned below:

Date: . Wednesday

19th October, 2011 ,

Venue

NEPRA

Main Office

2nd Floor

OPF Building

Sector 6-5/2, Islamabad

Pakistan

10.You may participate in to proceedings a(#* tariff setting process in the following manner:

Any person at party, who intends to participate in the proceedngs

may deliver in ft Registrar a statement of comments alongwith evidence

(d any

Comments should reach the office of Me Registrar NEPRA within 7 days of publication of This notice

In case any person intends to

participate is a party in the proceedings he may file an Intenentn Request

for leave to intervene describing the manner in which such person

is likely to be affected by the deterrrinabon in the proceedings and present his argument for or against the petition along with a summary of

evidence I any to support his ass.

11. Copies of the totbwing documents

if desired

can be obtained on payment from the olfia of Registrar NEPRA:

-11^' . P^' ^

^'< q

N stakeholders

inleresledrafected persons and tie general pcbk are hereby notified that the

Authority (NEPRA)

has admitted

the tariff petition filed

by FRONTIER MEGA STRUCTURE & POWER

(

PVT.) LIIIlTED

(

FMSPL

)

for consideration. .

1. The applicant

has requested for determination of feasibility stage reference tariff for the 2.4 MW hydropower plant to be set

up at Ghanool Nala,

Balakol

, Khyber

Pukhtunkhwa

Pakistan on build

own, operate and transfer

(BOOT)

Oasis

, The project,

on completion, is expected

to annually

generate

12.66 GWh

gross energy at 60.22

average annual plant capacity factor.

2. The

petitioner has proposed a total project cost of USS 6.9965 million

(

Rs 601 70 million

)

with the proposed

debt equity structure d 8020.

3. The

proposed reference tariff is typical two pad tariff comprising an Energy

Purchase Pricy (EPP) for the energy

generated and delivered to the

power purchaser and a Capacity Purchase

Price (CPP).

4. The reference tariff proposed for be propel has been based on 19% return on equity

(

IRR based).

5. The

petitioner has assumed that all lerdng for the

project

will be arranged

locally

for a tenure

of 10 years plus 30 months grace period at

interest rate of KIBOR plus 3%.

6. Construction period o(30 months has been assumed.

7. The summary

of the proposed tariff is as under.

Titre: • 10:30 amts.

Copy of Petition

Rs. 1321

per copy

Intervention Request Fee

KS. 2201-

Photocopy of NEPRA Act Re. 30f-

NEPRA Tariff Rules

Re. 30I-

Any other

information

All communications

should

be addressed to:

Rs. 31- per page

Registrar NEPRA

2nd Floor, OPF Building

Shahrah

.Jamhuriat

0-512, Islamabad

Pakistan,

Ph: 051

920 7200 Fax

051-92102115, e-mail. office@nepra.org.pk

For further information and to download

the tariff petition please visit our website

www.nepra.org pk

I 7

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24 PO 9212024 Tariff Petition FMSP

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