Matiari-Lahore Transmission Line

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The project involves the 878 km High Voltage Direct Current (HVDC) Matiari-Lahore transmission line. The capacity is 4000 MW at ±660 kV voltage. The project will have bi-pole HVDC technology, 2 converter stations, one each at Matiari and Lahore, 3 repeater stations and 2 grounding electrode stations. The facility will be used to transmit power generated from Thar coal-based projects and is part of the China-Pakistan Economic Corridor (CPEC)’s portfolio. The project is under Build-Operate-Transfer model and will be transferred to National Transmission & Despatch Company (NTDC) after 25 years, with commercial operations starting in March 2021. The tariff is fixed at 0.7435 Rs./kW/h. The SPV is Pak Matiari-Lahore Transmission Company Ltd (PMLTC) and the sponsor is the China Electric Power Equipment and Technology, a subsidiary of State Grid Corporation of China (SGCC). The project is worth $ 1.658 billion. Debt:equity ratio is 80:20. China Development Bank will offer no more than $ 1.3 billion. CITIC Insurance will provide overseas insurance covering the equity and creditor’s rights for the project. Financial close was announced on 28 February 2019. Info re China Development Bank sourced from King & Wood Malleson http://www.cpecinfo.com/news/matiari-lahore-transmission-line-under-cpec-achieves-financial-close/NjcyNQ== http://cpec.gov.pk/project-details/17 http://www.ppib.gov.pk/tl_fc.htm https://www.beltroad-initiative.com/matiari-lahore-transmission-line-project/