Altaf Hamid Rao.
MIRPUR (AJK): A tripartite Interim Power Purchase Agreement (PPA) of AJK-based Neelum Jhelum Hydropower Project (NJHPP) was signed on Wednesdayn among Central Power Purchasing Agency (Guarantee) Limited (CPPAG), Neelum Jhelum Hydropower Company Limited (NJHPCL) and Water and Power Development Authority (WAPDA) for purchase of power from NJHPCL, it was officially said.
“The agreement was signed by CPPAG CEO Abid Latif Lodhi, NJHPC CEO Engineer Brigadier (Retd) Muhammad Zareen and WAPDA Member (Power) Javed Akhter on behalf of their respective organizations”, WAPDA said in an official statement released to the media Wednesday evening.
With the signing of PPA, NJHPCL will be able to raise invoices on account of energy delivered to National Grid with effect from July 4, 2018 which is more than 6.3 billion units of electricity up till now, translating into financial gains of Rs.57 billion, it said.
All four units of Neelum Jhelum Power House are operational and generating electricity according to availability of water. Signing of PPA will boost the confidence of international lenders and donors in ability of WAPDA besides much needed revenue generation, the official statement concluded.
It may be added that the 969-MW NJHPP is located in Muzaffarabad district of Azad Jammu & Kashmir contributing major chunk of power to the national grid next to Tarbaila and Mangla Power houses.