2022, was another satisfactory year for the pioneering Co-Generation Power projects which effectively achieved its generation capacity levels, maintaining it throughout the year. The plants ran smoothly contributing its share to the National Grid.
The first 26.60 MW power plant at JDW Unit-II, Sadiqabad, District Rahim Yar Khan, Punjab achieved Commercial Operations Date (COD) on June 12, 2014 after completing all independent testing and certification requirements, while the second 26.83 MW plant at JDW Unit-III, District Ghotki, Sindh achieved COD on October 3, 2014.
Both power plants are fully operational and supplying affordable and renewable electricity under Energy Purchase Agreements. The plants efficiently utilize indigenous bagasse as fuel, which besides being environment friendly, also has the major benefit of saving precious foreign exchange for the country compared to imported fuels such as furnace oil or imported coal.
The Company’s power plants are the first to materialize under NEPRA’s upfront bagasse tariff. As various other sugar mills are now following suit, it is hoped that the Company’s initiatives will serve as a catalyst for the realization of the sugar industry’s 2,500 MW power potential.
The Company in the larger national interest and sustainability of the power sector, voluntarily agreed to alter its existing contractual arrangements with the CPPA-G for the sale of electricity. In this respect, the Company entered into a “Master Agreement” and an “EPA Amendment Agreement” (hereinafter referred to as the ‘Agreements’) on February 12, 2021.
