National Power and Regulatory Authority or NEPRA has decided to reject the application of Nishat Energy for setting up power plant producing 660MW on grounds government’s inability to buy power from local producers as country heading towards surplus.
In a notice released via the exchange, Lalpir Power (LPL), Pakgen Power Ltd. (PKGP), Nishat Power Ltd. (NPL) and Nishat Mills Ltd. (NML) have informed the stakeholders that NEPRA has rejected their application for the proposed plant.
Talking to Mettis Link News, officials at Nishat Power informed that the project came under the umbrella of Nishat Power Ltd. in collaboration with Lalpir Power Ltd. and PakGen Power Ltd. Officials further mentioned that the project was to be commissioned under China Pakistan Economic Corridor (CPEC) framework. However, in the recent frenzy of development expenditure in energy production, Government is currently facing a surplus production in the energy.
Hence, due to Government’s inability to buy power from local producers, Power Generation licenses are being rejected for any new applications.
Nishat Energy Ltd., has planned to install 660 MW power plant to be run through imported coal based generation facility/thermal power plant in District Rahim Yar Khan. The company submitted application with NEPRA to grant license to run power plant.
