Due to the Pakistani Rupee’s (PKR) depreciation from 100 to 300 against the US Dollar, capacity payments have doubled from Rs. 1,082 billion to Rs. 2,152 billion, according to Secretary Power Division Rashid Langrial.
In a tweet on Monday, the official said, “Foreign-funded dollar-denominated IPPs have contributed the most”.
“Locally funded RLNG plants’ capacity payment has increased by 60% while foreign-funded coal plants’ payment has gone up by 145%,” he added.
Capacity Payment doubled as dollar rose from PKR 100 to 300.
Foreign-funded dollar-denominated IPPs have contributed the most.
Locally funded RLNG plants's capacity payment has increased by 60 % while foreign-funded coal plants' payment has gone up by 145 %.
Policy lessons ? pic.twitter.com/HbEhpYvEIn
— Rashid Langrial (@Rashidlangrial) September 18, 2023
Data shows that when the rupee/$ rate was at Rs. 100, the capacity payment for foreign-funded projects was Rs. 3,218/kW/M, while capacity payment for local-funded projects was Rs. 1,436/kW/M. Since the PKR hit 300/$, the capacity payments for foreign-funded projects have increased to Rs. 7,097/kW/M and Rs. 1,857/kW/M for local-funded projects, respectively.
The total de-rated available capacity in the system, excluding K-Electric, is 36,277 MW (foreign-funded 21,374 MW, local-funded 14,903 MW).
With PKR at 300/$, the capacity payments for both local and foreign-funded projects are:
| Project, Capacity | Payment (With PKR At 100) | Payment (With PKR At 300) |
| WAPDA, 8578 MW | Rs. 147 billion | Rs. 147 billion |
| Coal, 6,777 MW | Rs. 262 billion | Rs. 643 billion |
| Nuclear, 3,266 MW | Rs. 235 billion | Rs. 510 billion |
| Hydel, 2,215 MW | Rs. 102 billion | Rs. 255 billion |
| Renewable, 2,887 MW | Rs. 129 billion | Rs. 260 Billion |
| RLNG, 4,687 MW | Rs. 87 billion | Rs. 139 billion |
| GENCOs, 1,638 MW | Rs. 23 billion | Rs. 46 billion |
| policy, 3,491 MW | Rs. 55 billion | Rs. 86 billion |
| policy, 2,739 MW | Rs. 42 billion | Rs. 66 billion |
| TOTAL | Rs. 1,082 billion | Rs. 2,152 billion |
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Incompetent burocracy put the country in awkward position. Why the did agreement in dollars?
Army should take over and kill the beuocrates and politicians who did the agreements.