ISLAMABAD:* Kot Addu Power Company Ltd (Kapco) has petitioned the National Electric Power Regulatory Authority (Nepra) for a tariff hike of up to Rs34.47 per unit and a guaranteed return on equity (RoE) under a take-or-pay model.
Key Tariff Adjustments Sought:
- Fuel Cost Component (FCC) Increase: Kapco requests 1.5x FCC for blackout operations.
- Reference Tariff Adjustment: Proposed in response to market and regulatory shifts, particularly for simple cycle units dispatched during outages.
- Generation Costs:
- RLNG-based power: Rs28.91 – Rs31.59 per kWh
- LSFO-based power: Rs30.45 – Rs33.04 per kWh
- Total Reference Tariff (including capacity charges):
- RLNG: Rs30.30 per kWh
- LSFO: Rs34.47 per kWh
Proposed Equity Return Model:
Kapco seeks an RoE *based on an 84.4% load factor, ensuring payments for up to **25% availability, with additional payments tied to **actual power generation. The petition estimates a *net dependable capacity of *495MW (RLNG) and 478MW (LSFO), with *efficiency rates of 46.44% and 45.54%, respectively.
Additional Requests:
- Tariff indexation linked to fuel prices, CPI (inflation), KIBOR (interest rates), and insurance costs.
- Reimbursement for workers’ welfare funds, black start services, and corporate taxes within a month of payment.
- Fuel price assumptions:
- RLNG: $12.37 per MMBTU
- LSFO: Rs150,817.50 per ton (including transport).
Nepra has invited stakeholders to submit comments or intervention requests within seven days before making a final decision.
