KARACHI: The National Electric Power Regulatory Authority (NEPRA) said that coal-based power generation is the cheapest source of energy.
NEPRA said that efforts must be made to change the energy mix towards cheaper fuels. “With the depleting natural gas reserves in the country and relatively longer lead time for the construction of hydroelectric power projects, coal power plants are considered the best option in the short- and medium-term planning,” reads a Nepra’s decision pertaining to the generation licence application of Siddiqsons Energy.
NEPRA awarded a generation licence to Siddiqsons Energy Limited for 350-megawatt coal-based thermal facility at Port Qasim with a cost of approximately $600 million.
The project is expected to be commissioned by December 31, 2018.
