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7/28/2019 CASA_Mukhidinov Presentation at IDB Annual Meetings_May 20 2013_eng.pptx
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DushanbeMay 20, 2013
Progress Update and Planning for Next Steps
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KazakhstanReserves:
Oil 30 billion bblNatural Gas 85 TCFCoal 31.3 billion tonsHydro Power 20,000 MW
UzbekistanReserves:Oil 594million bblNatural Gas 66TCFCoal 3.3 billion tonsHydro Power 1,700 MW
TurkmenistanReserves:
Oil 600million bblNatural Gas 280 TCFCoal ModestHydro Power Modest
TajikistanReserves:
Oil 0.01 billion bblNatural Gas 0.2 TCFCoal 3.6billion tonsHydro Power 40,000 MW
KyrgyzstanReserves:
Oil 0.04 billion bblNatural Gas 0.2 TCFCoal 0.9billion tonsHydro Power 26,000 MW
Central Asia is endowed with vast energy potential
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whereas Afghanistan and Pakistan face severe
electricity shortages and rapidly increasing demand
Electricity riots in Rawalpindi, PakistanGuardian photo
CountryPopulation
Million
GNI per capita
Current US$
Per Capita ElectricityConsumption
(kWh/year)
InstalledCapacity
(GW)
Access RatePeak shortage
(MW)
Afghanistan 29 310 31 0.5 13% --
Pakistan 166 1000 413 19.8 84% 5,022
Power network in Kabul, AfghanistanKabulkarzaiblogspot photo
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The proposed CASA-1000
transmission facilities would:
maximize the use of 1,300 MW
renewable summer electricity
surplus from existing plants in
Central Asia
(Kyrgyz Republic & Tajikistan)
and
provide electricity to
consumers in electricitydeficient South Asia
(Afghanistan & Pakistan)
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5
Even without new power generation,
Kyrgyz Republic and Tajikistan have sufficient electricity
surplus during summers to warrant CASA-1000
3,750
GWh
18,815
GWh
Summer
surplus
Domestic
consumption
2,150
GWh
14,585
GWh
Power domestic consumption and summer surplus (est. 2016 based
on feasibility report)
Tajikistan* Kyrgyz Republic
*Tajikistan spills water from its dams without generating electricity during the summer
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The CASA-1000 project includes:
500 kV line Datka-Khudjand (477 km),with Tajik network transferring Kyrgyzexports to Sangtuda.
Tajikistan Grid Strengthening.
1300 MW AC-DC Convertor Station atSangtuda.
750 km HVDC line Sangtuda-Kabul-Peshawar.
300 MW Convertor Station at Kabul(with both import & export
capability). 1300 MW DC-AC Convertor Station at
Peshawar.
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CASA-1000 benefits all four countries:
Ensures a steady source of revenue from surplus hydropower exports for
Tajikistan and Kyrgyz Republic, the weakest economies in Central Asia
Uses excess summer electricity that is currently being spilled
Alleviates electricity shortages in Pakistan during the peak summer season
Replaces fuel-based power generation in Afghanistan and Pakistan with
clean hydropower
Establishes Afghanistan as a viable transit country, enhancing growth
prospects
Requires no new power generation investments
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Project cost estimates per the feasibility study
8
Kyrgyz Republic US$ 200 million
Tajikistan US$ 250 million
Afghanistan US$ 300 million
Pakistan US$ 200 million
Total US$ 950 million
US$1 billion investment in countries with constrained borrowing capacity
US State Department, AusAid, DFID, ADB, Islamic Development Bank, USAID,
IFC and World Bank among the donors supporting pre-preparation activities
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Project Status Preparation work is proceeding with Joint Working Group (JWG) through
monthly VCs and face-to-face meetings.
IGC Secretariat strengthenedExecutive Director (ED) appointed; USAID
funding additional Advisor to the ED; Secretariat accounts audited.
Project commercial structure finalized two options were reviewed (with
and without setting up a separate project company.) The option of
Contractual JV (without an SPV for CASA) is preferred by JWG; IGC
resolution has been developed and endorsed by two countries
(Afghanistan and Tajikistan).
Project commercial contract framework and Model PPA developed and is
under review/discussion by the countries.
IFC Agreement to support procurement of constructor/operator signedby all. The Joint Working Group is working closely with the IFC to prepare
bidding documents for procuring engineer/procure/construct/operate
services for the project.
CASA-1000 included in the CAREC Energy Work Plan (2013-15).
Communications established online (www.casa-1000.org) 9
http://www.casa-1000.org/http://www.casa-1000.org/http://www.casa-1000.org/http://www.casa-1000.org/7/28/2019 CASA_Mukhidinov Presentation at IDB Annual Meetings_May 20 2013_eng.pptx
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The CASA IGC and JWG
10
Afghanistan
WG
Kyrgyz
WG
Pakistan
WG
Tajikistan
WG
Joint Working
Group
IntergovernmentCouncil
Afghanistan
IGC member
Kyrgyz
IGC member
Pakistan
IGC member
Tajikistan
IGC member
IGC Secretariat
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Two Main Options for Project Structure
Option A: Contractual Joint Venture
Option B: Corporate Joint Venture
Countries preferred the Option A
Project Structure
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H
G
A
H
G
A
Standard Transmission Terms & Conditions ( Commercial Rules and Technical Rules) (STCs)
Government of
Kyrgyzstan (GOK)
Government of
Tajikistan (GOT)Government of
Afghanistan
(GOA)
Government of
Pakistan (GOP)
IGC
EPC Contractor
DC Facilities O&M
Contractor
National
Electric
Grid JSC
OJSHC Barki
TojikDABS
CentralPower
Purchase
AgencyPower Purchase Agreements incorporating the STCs
Consortium
Agreement ?
O&M Agreement
re DC Line
Figure 1: Option A- The Contractual Joint Venture
IFIs and Donors
Construction
Agreements
Project
Agreements
H
G
A
H
G
A
Debt
Debt
Debt
Debt
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Project past milestones
MOU and Inter-Governmental
Agreement(IGA) for CASAsigned by all
four countries
Feasibility StudyUpdate
Completed
First Inter-GovernmentalCouncil (IGC)meeting after
feasibilityupdate
in Bishkek
Joint WorkingGroups (WG)established
Second IGCmeeting in
Dubaiagrees on
projectimplementation
mobilizingfinances
Most ofsupporting
studiescompleted;Commercial
framework andmodel
agreementsdrafted
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Key challenges for Project preparation
Country capacity and commitment to work on commercial
deal Maintain continued commitment and build capacity (country advisors) to
sustain the overall momentum of the Project.
One countrys slowness affects the entire process.
Support in bidding process (bidding advisors - IFC)
Perception from outside (links to Rogun/Kambarata, security in Afghanistan,
etc.)
Financing gap a critical issue A key assumption for the preferred structure is that the project will be fully
financed by IFIs (no private investments).
Two committed financiers (WB and IsDB); Gulf Coordination Group (aka Arab
Funds) interested in financing via IsDB; the Russian offer remains on the table
but its terms/conditions are not clear.
Donors conference and visits to capitals planned for 2013.
A narrow window late 2013 for approvals and much yet to do
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Proposed plan and actions
IFCAgreementis signed by
allcountries
IFC tosecurefunding(from
Donors) forservices /
commencework
Completeselection of
CountryAdvisors
Model PPA;Master
Agreementand IGC
resolutionon key
principles
Adoptingthe IGC
resolution
Visit majordonor
capitalsFirst DonorConference
LendingPCN review
meeting
Finalize commercialframework
Filling the financing
gap
Commercialnegotiationscompleted
Bank BoardDate
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Project building blocks
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A. Countries ownership
and readiness
Dedicated WorkingGroup headed byDeputy Minister levelmeets every month;
Ministerial InterGovernmental Council(IGC) undertakes highlevel decisions;
Full-time IGCSecretariat ED andinternational advisors
in place
B. Project structuring
and legal framework
Project Structure isagreed;
Commercialframework designed;
The Model PowerPurchase Agreement(PPA) drafted;
C. Project financing
World Bank with IDBand Gulf CoordinationGroup (GCG)indicated their
willingness to finance.Other potential co-
financiers include KfWof Germany, AsianDevelopment Bank,JICA of Japan, DFID ofUK, and Russia
D. Preparatory studies
and assessments
Project FeasibilityStudy completed
Environment andSocial Assessment
and Avian Riskmanagement studyfor the projectcompleted
Community Benefitsharing studiesongoing
Security RiskAssessment andMitigation Plancompleted
Development of openaccess rules ongoing
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17www.casa-1000.org
http://www.casa-1000.org/http://www.casa-1000.org/http://www.casa-1000.org/http://www.casa-1000.org/http://www.casa-1000.org/