The tripartite Interim Power Purchase Agreement (PPA) was signed this week between Central Power Purchasing Agency (Guarantee) Limited (CPPAG), Neelum Jhelum Hydropower Company Limited (NJHPCL) and Water and Power Development Authority (WAPDA). CPPAG CEO Abid Latif Lodhi, NJHPC CEO Engineer Brigadier (Retd) Muhammad Zareen and WAPDA Member (Power) Javed Akhter attended the signing ceremony.
With the PPA in place, NJHPCL will be able to raise invoices on account of energy delivered to National Grid with effect from July 4, 2018 – more than 6.3 billion units of electricity – translating into financial gains of Rs.57 billion.
All four units of Neelum Jhelum are operational and generating electricity according to availability of water.
