Islamabad, 22 April, 2016: Private
Power and Infrastructure Board (PPIB) today issued
Letter of Support (LOS) to China Power Hub Generation
Company (Pvt) Limited (CPHGCL) for development of 1320
MW imported coal based power generation project at Hub,
Balochistan. The project is being sponsored by Hub Power
Company Limited and China Power International Holdings.
Minister for Water & Power Khawaja Muhammad Asif,
Secretary Water & Power Mr. Mohammad Younus Dagha and
other senior officials of PPIB and Ministry of Water &
Power witnessed the ceremony. The document was signed by
Mr. Shah Jahan Mirza, Managing Director PPIB and from
the company's side it was
signed by Mr. Zhao Yonggang, CEO of CPHGCL.
Being included as
under the China-Pakistan Economic Corridor (CPEC)
program, this project assumes further importance. The
Project shall be instrumental in socio-economic uplift
of the remote area of Hub besides generating employment
opportunities for the local population. The project
development is progressing at rapid pace and it is
expected that it will come online by in 2019.
Khawaja Asif said
that in order to get sufficient and affordable
electricity in short time, Private Power and
Infrastructure Board (PPIB) has been mandated by the
government to process power generation projects
utilizing coal, hydro and R-LNG through private sector.
As a result of efficient processing by PPIB, so far two
coal fired power projects of 2640 MW which include 1320
MW Power Project by Sinohydro Resources/Al-Mirqab
Capital Qatar at Port Qasim, Sindh and 1320 MW Power
Project by Huaneng Shandong Ruyi at Sahiwal, Punjab have
already started construction activities. The 2 x 330 MW
Thar coal based Engro Powergen at Thar Block-II, Sindh
after achieving Financial Close has entered into the
construction phase. With proactive support of PPIB, all
the project related activities were timely completed
which lead to the ground breaking of the project
recently on 11th April, 2016.
PPIB also holds
the honour of paving way for hydro IPPs in the country
through successful completion of 84 MW New Bong Escape
Hydropower Project by HUBCO group. Currently, 147 MW
Patrind and 102 MW Gulpur Hydropower Projects are under
construction, which are expected to be completed by
April 2017 and October 2019 respectively.