UCH Power Plant is a combined cycle power plant, located in Dera Murad Jamali, Nasirabad District, Baluchistan, Pakistan. It has three General Electric 9E gas turbines, three Vogt HRSGs and one GE steam turbine which can generate an output of 572 MW. It is regarded as the best power plant in the region with availability of 97% and above.
UCH II is 100% owned by International Power. The total project cost is estimated at US$480 million which are funded by debt and equity in a 75:25 ratio. International Power’s equity investment of US$120 million is funded from current liquid resources. The US$360 million of debt provide by multilateral and bilateral agencies that include the Asian Development Bank, International Finance Corporation, Korean EXIM and the Islamic Development Bank. The project has been funded by the ADB (Asian Development Bank) up to the level of 100M$. UCH-II uses the local gas reserves, thus reducing the dependence of the country to imported oil.
The electricity generated from UCH II will be sold through a 25-year US$ indexed power purchase agreement with the National Transmission and Despatch Company, which is wholly owned by the Government of Pakistan. Gas will be supplied from the existing gas field under a gas supply agreement with the Oil and Gas Development Company of Pakistan.
The UCH-II project is constructed under an EPC contract with Hyundai Engineering Company and Descon Engineering. It will comprise two GE9E gas turbines and one steam turbine. The plant is expected to be operational in 2013 and will be operated by the existing UCH facility under an Operations and Maintenance Agreement.
