According to the secretary of the Power Division, the increase in the value of the dollar from Rs100 to Rs300 has caused the capacity payment to quadruple, from Rs1,082 billion to Rs2,152 billion.
Power Secretary Rashid Mahmood Langrial has shared details about capacity payment and stated that foreign-funded dollar-denominated IPPs have made the largest contributions. The capacity payment for the locally-funded RLNG project has climbed by 60%, while the payment for the foreign-funded coal plant has increased by 145%.
According to him, the capacity payment for projects with foreign funding was Rs3,218/kW/M when the dollar was at Rs100, whereas the capacity payment for projects with local funding was Rs1,436/kW/M. These amounts have since increased to Rs7,097/kW/M for projects with foreign funding at Rs300/$ and Rs1,857/kW/M for projects with local funding at Rs300/$.
The system’s total de-rated capacity, excluding K-Electric, is 36,277 MW (foreign funding: 21,374 MW; local funding: 14,903 MW).
The capacity payment for Wapda’s 8,578 MW is Rs147 billion, while that for RLNG’s 4,687 MW is Rs139 billion, Gencos’ 1,638 MW is Rs46 billion, nuclear energy’s 3,266 MW is Rs510 billion, hydel IPPs’ 2,215 MW is Rs255 billion, renewable energy’s 2,887 MW is Rs260 billion, and coal’s 6,777 MW is Rs643 billion.