The implementation agreement of the 660 kV HVDC Matiari – Lahore Transmission Line Project has been amended after detailed deliberations and discussions between all concerned parties.
The documents for the approval of amendment were signed by Shah Jahan Mirza, Managing Director PPIB for Amendment to the IA, Managing Director NTDC Engr Dr Khawaja Riffat Hassan for Addendum and Ms Zhang Lei, President and CEO of PMLTC for both the agreements. Additionally SAPM on Power and Petroleum, Tabish Gauhar and Secretary Power Division Ali Raza Bhutta were also present on the occasion Federal Minister for Energy (Power Division) Hammad Azhar as chief guest witnessed the agreement signing ceremony between NTDC and Pak MLTC and amendment No 1 to the IA.
According to the terms of addendum to the TSA, it has been, agreed between NTDC and the company that during pre-COD period from (March 1, 2021to August 31, 2021) the company shall be paid as per the maximum demonstrated capability successful tested in accordance with the final tariff approved by Nepra. Furthermore, the agreed changes were primarily made on account of the reason that the project activities and certain obligations to be fulfilled by respective parties were impacted due to Covid-19 pandemic and consequently Required Commercial Operations Date (RCOD) of the project needed to be extended from March 1, 2021 to September 1, 2021. Due to this change in date of commercial operation further corresponding changes were necessitated to be made in respect of testing/ training modalities.
