ISLAMABAD: The ECC has given approval for the extension of GSA between the Oil and Gas Development Corporation Limited (OGDCL) and Fauji Kabirwala Power Company Limited (FKPCL) to provide of 20mmcfd of gas at the earliest possible but not later than February 1 till the time LNG was made available to the company for power generation. At its maximum generation capacity utilisation, the plant will generate 157MW of electricity.
The ECC also approved the re-lending of the buyer credit loan to PAEC as per actual terms and conditions available to the Government of Pakistan. Based on the above approval, the revised rate comes to nine percent comprising the actual cost of loan and exchange rate risk.
