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Yours Sincerely ,43 -<\ /st
For and on behalf of Siddiqsons Energy Limited
Khawaja Bilal Hussain Company Director
• siddiqsons ELERGY LIMITED 0 27' Floor, Ocean Tower, G-3. Block-9, Scheme#5, Main Clifton Road,
Karachi, Pakistan 0 Phone: + 92 21 35166571-5
REF NO: SDSEL/DIR/000123
Dated: October , 2016
4 O c\-1
Subject: License Proposed Modification in the Generation License A behalf of Siddiceons Enercy Limited (tha "Company")
Dear Sir,
I, Khawaja Bilal Hussain, Company Director of the Company is the duly authorized representative on behalf of the Company by virtue of a Board Resolution, appended herewith, hereby apply to the National Electric Power Regulatory Authority ("NEPRA or Authority") for the modification of our Generation License for the Company bearing # IGSPL/65/2015 dated September 14, 2015 (the "Generation License") in respect of the Company's imported coal based thermal generation facility located at Port Qasim, Karachi in the Province of Sindh with installed Gross Capacity of 350 MW (the "Project") pursuant to Regulation 10(2) of the National Electric Power Regulatory Authority (Application and Modification Procedure) Regulations, 1999 (the "AMPR").
I certify that the documents-in-support attached with this application are prepared and submitted in conformity with the provisions of the NEPRA (Application and Modification Procedure) Regulations, 1999. I further undertake and confirm that the information provided in the attached documents-in-support is true and correct to the best of my knowledge and belief.
A bank drafts in the sum of Pakistan Rs. 728,560/- being the non-refundable license application and modification of generation license fee calculated in accordance with Schedule II to the Regulations for the modification of the license, is also attached herewith.
The Registrar National Electric Power Regulatory Authority ("NEPRA") NEPRA Tower, Attaturk Avenue (East) Sector G-5/1, Islamabad
libation - on
BEFORE
THE NATIONAL ELECTRIC POWER
REGULATORY AUTHORITY
PETITION FOR LICENSEE PROPOSED MODIFICATION OF LICENSE
No. IGSPL/65/2015
ON BEHALF OF SIDDIQSONS ENERGY LIMITED
Dated:
October, 2016
Legal Consultants RIAA BARKER GILLETTE
Advocates & Corporate Counselors 68, Nazimuddin Road, F-8/4, Islamabad
Tel: 051-111-LAWYER, Fax: 051-2850444 www.riaabg.com
VAKALATNAMA
I, Mr. Khawaja Bilal Hussain, Company Director of Siddiqsons Energy Limited (the "Company"),
hereby appoint and constitute MR. NADIR ALTAF, MR. MUST.A.FA MUNIR AHMED, MS.
SAJRA KI-LA_LID and MR. SAND SIDDIQUE BAJWA of RI AA BARKER GILLETTE, to
appear and act for us as our advocates in connection with the License Proposed Modification
Application (the "LPM Application"). I also authorize the said Advocates or any one of them to
do all acts and things legally necessary to manage and conduct the said Project in all respects,
whether herein specified or not, as may be proper and expedient.
Accepted
RIA_A. BARKER GILLF I k
68 KAZIMUDDIN ROAD, F-8/4, ISLAMABAD Tel: 051-111-LAWYER
SIGNATURE: Received by us:
From:
Application Pursuant to
Regulation 10(2) of the NEPRA Regulation
(Application and Modification Procedure)
/ //z.4•7 CP / ç;i Pik 01.1
,
\sp.. 'FY C-7HT qe Order
THOUSAND EIVE HUNDRED
MAO No. AAA 13326310
Stationary/Ref No: PO . AAA 3 32631
2
F-A-kk728, 560.00 PER /
ji,AbrNAy zz Pay to NEPRA A/c SI DDIOSONS
ELT SE VENIIHNNIDR-FTET-A171-5-TE—TwEN
Q>sI
ALLIED BANKER'S CHEQUE
Payable at issuing branch
( NA
Please do not write below this line.
I C.% IBS NO.02
At) t6rizu.ri Siciniitory )4-zed Signatory I IN MY.
fig i 3 3 26 3 /000 / 406661:000 7.
75 /000 100001130
Karachi, Pakistan 0 Phone: + 92 21 35166571-5
40 Q 27'h Floor, Ocean Tower. G-3, Block-9. Scheme#5, Main Clifton Road,
siddicisons E\ ERGY LIMITED
EXTRACTS OF RESOLUTION BY CIRCULATION PASSED BY THE BOARD OF DIRECTORS OF SIDDIQSONS
ENERGY LIMITED
"RESOLVED that in view of Government advice to change Primarily Fuel from "Imported Coal" to "Local
Co',n! new Tariff Approval Application is hereby filed in place of already Approved Tariff of Siddiqsons Energy
Limited (SEL) vide NEPRA letter No. NEPRA/TRF-313/SEL-2015/1.0440-10442 July 13, 2015 for 350 MW
Imported Coal based Power Plant.
"RESOLVED that an Application for Acceptance of Upfront-Tariff issued vide NEPRA's "Decision of the
Authority regarding Reconsideration Request filed by the Government of Pakistan in the matter of Upfront
Tariff for Coal Power Projects' bearing No. NEPRA/TRF-UTC/2013/7195-7197 dated 26 June, 2014, as
modified/ supplemented/ clarified through NEPRA's " Decision of the Authority in the matter of Review
Petition filed by the Fazal-e-Akbar & Company on behalf of Asad Umer (Member National Assembly) under
NEPRA (Review Procedure) Regulations 2009 with respect to the Upfront Tariff of Coal dated 26.06.2014"
bearing No. NEPRA/TRF-UTC/2013/15271-15273 dated 21 November, 2014 (collectively the "Upfront Tariff )
be filed by and on behalf of the Company with the National Electric Power Regulatory Authority ("NEPRA")
and to procure the grant by NEPRA of the Upfront Tariff for the Company's proposed 350 MW gross ISO local
coal-fired power plant at Plot No. 12, Eastern Industrial Zone, at Port Qasim, Karachi, in the Province of Sindh,
Pakistan (the 'Project") on Local Financing.
RESOLVED FURTHER that each of Mr. Abdur Rahim, CEO, Mr. Khawaja Bile! Hussain, Company Director, Mr.
Muhammad Ahmed, Company Secretary are hereby authorized acting singly to prepare and file the necessary
documentation, pay the necessary filing fees, pay the necessary license fee, appear before NEPRA as needed,
provide any information required by NEPRA in respect of the Project, and do all acts and things necessary for
the processing, completion and finalization of the aforementioned Application for Modification in Generation
License and acceptance of Upfront Tariff.
RESOLVED FURTHER that (i) Chief Executive and the Company Secretary may sign and certify copies of this
Resolution to be true copies of the original; and (ii) receive/collect the original generation license and related
documents, from "NEPRA".
Certified to be a true copy of the original
CERTIFIED TRUE COPY
Company Secrebinpa cretary
Siddiqsons Energy Limited
Date: October, 2016
,7CE:=Lir.•?
To 6 v E N
Ho. rr - ;
r's n /o tE _•„, •
N71,74/-q
PPFOF-ZE
Signature:
Name: Khawaia E lal Hussain
Date: • October. 20-16
DEPONENT 7-
THE NATIONAL ELECTRIC POWER REGULATORY AUTHOaiTY
AFFIDAVIT
I, Khawaja Bilal Hussain, slo Khawaja Ghuiam Hussain having CNIC number 36302-3375459-1 the Company Director of Siddigsons Energy Limited liereb■r solemni,.; affirm
and declare on oath that the contents of the License Proposed N odifickr:tion (The "LPM Application") including all attached documents-in-support are ',rue and correct to the best of my knowledge and belief and that nothing has been conce:?led.
N ntarilti le% Eff*ct
o f PitiStan tin-*er
/inte'n!i:•'-t'c,01.. a te
A T
T
(7. nature of the Oath Com seIc-ner
PRIVATE POWER & INFRASTRUCTURE BOARD MINISTRY OF WATER & POWER
GOVERNMENT OF PAKISTAN
No. 1(103) PPIB-6016/16/PRJ/0- Lrq-56 .
Mr. Abdul Rahim Rafi ,
Chief Executive Officer,
Siddiqsons Energy Limited
Karachi
0 6 October 2016
Subject: AMENDMENT TO LETTER OF SUPPORT DATED 31st AUGUST
2015 ISSUED TO M/S. SIDDIOSONS ENERGY LIMITED FOR 350
MW COAL BASED POWER PROJECT AT PORT QASIM, KARACHI.
Dear Sir, WHEREAS, the Project Company was issued a Letter of Support dated
31st August 2015 (the "LOS");
2. WHEREAS, the Project Company requested for an extension in the
Financial Closing Date as defined in the LOS;
3. WHEREAS, the Project Company has delivered an irrevocable,
unconditional, on demand Performance Bank Guarantee, on terms acceptable to PPIB,
No. 0525BGA002209 dated 4"' August 2015, amended vide amendment # 2 dated 31'1
May 2016, issued by United Bank Limited, Centralized Trade Processing Unit UBI. lji
floor Printing & Stationery Building Mai Kolachi Road, Karachi, in the amount of
US$1,750,000/- (United States Dollars One Million Seven Hundred Fifty Thousand
Only) valid up to 30th November 2017 in favor of PPIB (hereinafter collectively referred to
as the "Performance Guarantee").
4. WHEREAS, the Project Company, on advise of the GOP/PPIB to convert
the project from imported coal to local coal, has agreed unconditionally to convert the
Project from Imported Coal to Thar Coal and has further agreed unconditionally to
arrange Thar Coal and its transportation to the Project site in order to operate Complex
in accordance with the terms of PPA and also diligently pursue, negotiate, finalize and
execute coal supply agreement(s) with competent coal suppliers;
5. WHEREAS, the Project Company has also agreed unconditionally to
obtain the amendment/modification/supersession in an appropriate manner, in the
Tariff Determination and Generation Licence, as the case may be, in relation to change
of fuel from Imported Coal to I Coal;
CERTIFIED TRUE COPY
Company etary
CERTIFIED
6. NOW THEREFORE, the LOS is amended as follows:
i. The Project Company shall achieve the Financial Closing no later than
the 31" August 2017 (the "Extended Financial Closing Date") under
and in accordance with the terms of LOS.
ii. Any reference to the Imported Coal in the LOS shall stand substituted
with Thar Coal from the effectiveness of this amendment to the LOS.
iii. For the purposes of the LOS, any amendment/modification/
supersession, as the case may be, to the Tariff Determination and
Generation Licence, as the case may be, shall be deemed to be part of
the Tariff Determination and/or the Generation Licence, as defined in
the LOS.
iv. Reference to National Transmission & Despatch Company Limited, the
Power Purchaser, as defined in the LOS shall be substituted with
Central Power Purchasing Agency (Guarantee) Limited.
v. In case the Project Company delays, defaults or fails to achieve the
Financial Closing by the Extended Financial Closing Date under and in
accordance with the terms of LOS, PPM in addition to any other actions
set out in the LOS and Project Agreements shall be entitled to encash
the Performance Guarantee in full amount without any notice to or
demand on the Project Company in accordance with the terms of LOS
and the Performance Guarantee.
vi. No waiver by the PPIB ,)f any default by the Project Company in the
performance of any of the provisions of the LOS shall operate or be
construed as a waiver of any other or further default whether of a like
or different character.
vii. The failure by the PPIB to insist on any occasion upon the performance
of the terms, conditions, and provisions of the LOS, or time or other
indulgence granted by the PPIB to the Project Company, shall not
thereby act as a waiver of the breach, as acceptance of any variation, or
as the relinquishment of any such right under the Policy, the
Performance Guarantee or the LOS.
viii. The grant of Extended Financial Closing Date herein shall not prejudice
the rights of PPIB as contained in the Performance Guarantee.
ix. This Amendment shall be treated as an integral part of the LOS to
COPY which it should be attached. The provisions of this Amendmen • 11
"n11 [lows• no —• 4. • n • -- v-•__
supersede the provisions of the LOS only to the extent of any
inconsistency in relation to matters contained therein.
x. This Amendment to the LOS shall be effective from 31't August 2016,
subject to (a) issuance of a consent letter from CPPA (G) L for execution
of a long term PPA, (b) confirmation from the NTDC to evacuate power
from the project site and (c) required amendment/ modification in the
Tariff Determination and Generation Licence, as the case may be, in
relation to change of fuel from Imported Coal to Local (Thar) Coal.
xi. All other terms and conditions of the LOS shall remain unchanged.
Capitalized terms not otherwise defined herein shall bear the meanings as attributed
thereto in the LOS and Performance Guarantee, as the case may be.
With Regards,
Yours Sincerely,
(Shah rahan Mirza) Managing Director
Private Power and Infrastructure Board Ministry of water and Power
Government of Pakistan
For and on behalf of the President of the Islamic Republic of
Pakistan
Receive greed •.- • Accepted by
Company tary
CERTIFIED TRUE COPY
Mr. Abdu ahim Rafi , Chief Executive Officer, On behalf of the M/s Siddiqsons Energy Limited Dated: Cc: 1. Chairman, Private Power & Infrastructure Board, Islamabad
2. Secretary, Ministry of Water & Power, Islamabad
3. Chairman, NEPRA, Islamabad
4. Managing Director, NTDC, Lahore
5. Chief Executive Officer, CPPAGL, Islamabad
6. General Manager (WPPO), CPPAGL, Lahore
net =Inn.. Drnin•ntinti Tnitont Dint If n Meinm Aram e_an Tcintn,i,w4
PETITION FOR LICENSEE PROPOSED MODIFICATION OF LICENSE No. IGSPL/65/2015
ON BEHALF OF Siddiqsons Energy Limited
1 Background:
1.1
The Company was incorporated on 15th May, 2014, and a generation license was
granted under Section 15 of the Regulation of Generation, Transmission and
Distribution of Electric Power Act 1997 (XL of 1997), for its Imported Coal Based
Thermal Generation Facility Located at Bin Qasim Town, Karachi in the Province
of Sindh with installed Gross Capacity of 350 MW (the "Project").
1.2 In view of the Government preference to use indigenous resources for power
generation, the Company has been advised by the Government of Pakistan through
Private Power Infrastructure Board (the "PPIB") to change Thar Coal as primary
fuel for the Project. After the technical review and considering Government's desire,
the sponsors of the Project have agreed to use Thar Coal as primary fuel for the
Project.
2. License Proposed Modification:
2.1 The Company in pursuance of inter alia, Regulation 10(2) of the (Application and
Modification Procedure) Regulations, 1999 (the "AMPR") and other applicable
provisions of the Regulation of Generation Transmission and Distribution of Electric
Power Act, 1997 (the "Act"), Rules, Regulations and applicable documents submits
this Licensee Proposed Modification Application (the "LPM") in respect of its
Generation License # No. IGSPL/65/2015.
2.2 Siddiqsons Energy Limited (the "Company") requests for modification in the
Generation License # No. IGSPL/65/2015.
2.3 The Company, pursuant to AMPR, hereby seeks to apply for modification of the
Generation License granted for the Project to cater for the change in the primary
fuel as advised by the GoP. The change in primary fuel requires following changes
in the Details of Generation Facility/ Power Plant attached with the Generation
License;
i. COD of the Generation Facility: In view of the Change in primary fuel and
extension in financial close approved by the PPIB, the revised anticipated COD
of the Generation Facility/Power Plant is June, 2020; and
ii. Change in Fuel/ Raw Material Details - Appropriate changes are required in
fuel source, fuel supplier and supply arrangement.
2.4 Consequently to effect this change a modification in the existing generation license
of the Company is required.
3. Pursuant to the proposed change, the following parameters of the license are
required to be updated and incorporated.
3.1 General Information
(I).
Name of Company/ Licensee
Siddiqsons Energy Limited
(ii). Registered and Business Office
7th Floor, Siddiqsons Tower, 3 J.C.H. Society, Block 7 & 8, Shahrah-e-Faisal, Karachi, Province of Sindh, Pakistan
27thFloor, Ocean Tower, Plot G-3, Block-9, Clifton, Karachi, Province of Sindh, Pakistan
(iii).
Location of the Generation Facility/
Power Plant
Plot No. 12, Eastern Industrial Zone at Port Qasim, Karachi, in the Province of Sindh.
(iv). Type of Generation Facility/Power Plant
Thermal Generation Facility
3.2 Configuration of Generation Facility
(0.
Installed Capacity/Size of the Generation Facility/
Power Plant
1 x 350.00 MW
(ii). Type of Technology Conventional Thermal Power Generation Facility with Super Critical Boiler and Steam Turbine
(iii). Number of
Units/Size (MW) 1 x 350 MW
(iv).
Unit Make/Model/Type & Year of Manufacture Etc.
Steam Turbine
Super-critical, condensing Steam Turbine/ Dongfang Turbine Corp.
Ltd. / Shanghai Electric Group Co.,Ltd./ Harbin Turbine Co., Ltd./
Alstom / Siemens / Hitachi / Toshiba or Equivalent
Boiler
Supercritical thermal power unit, once-through, single pass, single reheat, balanced draft Page 21 of
24 of Schedule -I Generation Licence Siddiqsons Energy Limited
Plot No. 12, Eastern Industrial Zone at Port Qasim, Karachi in the Province of Sindh radiant furnace,
dry bottom / Dongfang Boiler Group Co., Ltd./ Harbin Boiler Co., Ltd./ Shanghai Electric Group Co.,
Ltd./ B&W(Beijing) Co., Ltd./ Alstom/ Ansaldo/ Foster Wheeler
or Equivalent
(v). COD of the Generation Facility/Power Plant
June 2020 (Anticipated)
Expected Useful Life of the Generation Facility/
30 years Power Plant from COD
3.3 Fuel/Raw Material Details
(i). Primary Fuel Thar Coal
(ii). Start-Up Fuel LDO
(iii) Back-Up Fuel Imported Coal
(iv). Fuel Source for each of the above (i.e. Thar Coal)
Primary Fuel Start-Up Fuel
Thar Coal Indigenous/Imported
(v). Fuel Supplier for each of the above
Primary Fuel Start-Up Fuel
Mining Companies operating in Thar coal reserves
Shell Pakistan/Pakistan State Oil/Any other OMC
Company
(vi). Supply Arrangement for each of the above Fuels
Primary Fuel Start-Up Fuel
Through Rail/Road
Through Oil Tankers
(vii). No of Storage Bunkers/Tanks/
Open Yard
Primary Fuel Start-Up Fuel
One open yard One oil tank
(viii). Primary Fuel Start-Up Fuel
' Storage Capacity of each Bunkers/Tanks/
Open Yard
About 300,000 Tons
1 x 500 m3
(ix). Gross Storage
Primary Fuel Start-Up Fuel
About 300,000 Tons
1 x 500 m3
3.4 Emission Values
7-
Primary Fuel Start-Up Fuel
(i). SOx (mg/Nm3) <450 As per NEQS
(ii). NOx (mg/Nm3) <200 As per NEQS -
(iii). CO2 (%) <50 As per NEQS
3.5 Cooling System
Cooling Water Source/Cycle
The cooling water is from adjacent sea channel of Port Qasim south of the site. Induced Draft cooling tower with circulation system will be adopted for cooling water system.
3.6 Plant Characteristics
(i). Generation Voltage
20-22kV
(ii). Frequency 50Hz
(iii). Power Factor 0.8 (lagging) / 0.95(leading)
Automatic Generation
(iv). Control (AGC) (MW control is the general practice)
(v). Ramping Rate (MW/min)
Time required to (v). Synchronize to
Grid (Hrs.)
AGC Unit is included in the NCS, and AGC Unit can accept command signal from Despatch. The command signal is converted to analog, and then the analog transmitted to the DCS via hardware to achieve the AGC function.
from 30% to
from 50% to 100% 50% MCR
MCR
13.2 MW/ 19.8 MW/Min Min
for Cold for Warm Start
for Hot Start Start
2 hours
0.75 hours 4.25 hours
under 30% MCR
33 MW/min
Rationale for Proposed Modifications:
The proposed modification is required to be incorporated to change the primary fuel.
5. A Statement of the impact on the tariff, quality of service and the performance by the license of its obligations under the license
5.1 Impact on Tariff
The Company has opted for Upfront Coal Tariff for 350 MW Coal Power Plant issued by NEPRA. Since the upfront tariff is a fixed tariff, the proposed modification to the Company's Generation License will have no impact on the tariff.
5.2 Impact on Quality of Service
The Company hereby certifies that the upfront tariff is fully acceptable to the Company of its obligations under the Generation License or tariff will not be affected by the proposed modification to its Generation License.
5.3 Impact on the obligations of the Company under the License
The proposed modification would facilitate the Company in fulfilling its obligations under the License.
PRAYER
License Proposed Modifications Petition
It is most humbly prayed to the esteemed Authority as follows:
A. That the Authority shall approve the modifications proposed in its generation license for the development of the Project.
B. That the Authority may be pleased to treat the Company's request for the grant of this LPM on a non-discriminatory basis.
C. Any further and better relief that the Authority may deem appropriate in the circumstances may kindly be granted to the Company.
We hope the information/explanation provided above meets the Authority's requirements and remain available to assist the Authority in further queries/clarifications.
Sincerely, Siddiqsons Energy Limited October , 2016
Cf/ Q^"/
/
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7.7Th:B.E.D AN; r Fay to
* **728,560.00 PKR
ABC No. AAA 13326310
Stationary/Ref No: PO. AA.A1 3 32631
2 .3 I r•
ALLIED BANKER'S CHEQUE
Fayo'zio at "as.. rg nrai-ich
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Autricrib Signatory IBS_No.02
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