Various power projects approved by PPIB Board

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The newly-appointed Board of Directors of the Private Power and Infrastructure Board (PPIB) on Thursday approved a number of Public-Private Partnership (PPP) projects, necessary for meeting growing power demand.

It was the first meeting of the new Board after receiving statutory status through an Act of the Parliament and overall 92nd meeting presided by the Minister for Water and Power, Ahmad Mukhtar.

The minister said giving due importance to hydropower, the Board advised PPIB to go ahead with 665 MW Lower Palas Valley and 496 MW Lower Spat Gah Hydropower projects in PPP mode in Kohistan Valley with the co-operation and consultation of Khyber Pakhtunkhwa government.

The Board also approved the extension of Letter of Support to 100 MW Gulpur Hydropower Project located on Poonch River/Gulpur, Azad Jammu and Kashmir and change in its shareholding structure along with extension in Letter of Interest to 548 MW Kaigah Hydropower Project located near Dasu, District Kohistan to accelerate development of these projects. In addition, PPIB was allowed to undertake 90 MW Neckeherdim-Paur and 58 MW Turtonas-Uzghor hydropower projects in Chitral region through private sector investment. The minister added that to facilitate local coal and wind power projects all efforts are being made including finalising upfront tariff for these projects which will be initiated with the proactive support of Nepra.

Managing Director PPIB N A Zuberi briefed the Board on achievements of PPIB under the 1994 and 2002 power policies whereby PPIB has, so far, successfully implemented 28 private power projects of more than 8,500 MW which is almost one third of the total installed capacity of the country. The current portfolio of projects which are at various stages of processing comprises 21 hydro, coal, oil & gas-based power projects of more than 9,000 MW out of which 16 hydropower projects totalling 7,032 MW generation capacity are expected to be on line this year up to 2020.

The minister stated that hydropower, bagasse and power from coal are on top priority and our government has been focusing on the same for quite some time. He added that some remarkable developments have been made in the hydropower sector during our tenure whereby 84 MW New Bong Hydropower Project on Jhelum River near Mangla Dam is due to be commissioned by next month and further more 147 MW Patrind Hydropower on Kunhar River near Muzaffarabad, construction has been started at a fast pace.

The meeting was attended by the Secretary Planning Commission, Chief Secretary Azad Jammu & Kashmir, Chairman Wapda, Additional Secretary Finance, Secretary Energy Government of Sindh, Additional Secretary Energy Government of Balochistan, representatives from Ministry of Petroleum and Natural Resources, and Federal Board of Revenue. Private sector members from Punjab, Sindh, Khyber Pakhtunkhawa and Balochistan besides Directors of PPIB and other senior government officials were also present.

Courtesy: Business Recorder

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