Islamabad, 22nd November 2019: The
Honourable Minister for Power Mr. Omar Ayub Khan while chairing the 126th
meeting of the Private Power and Infrastructure Board (PPIB) stated that the
GoP is bringing revolution in power sector to make it efficient,
sustainable, secure, affordable and competitive. The GoP is promoting hydro
and local coal alongwith wind and solar for lowering the tariff and saving
precious foreign exchange for the country for which maximum facilitation is
being given to the investors, he added. The Minister pointed out that the
GoP is focused on removing the bottlenecks and improving the ease of doing
business for encouraging investors to initiate new projects and expand their
operations in Pakistan.
The Board approved execution of
Implementation Agreement (IA) with Pakistanís largest Thar coal based power
generation project based on state of the art Super Critical technology and
also allowed extension in financial closing date of the project as proposed
by the PPIB. The 1,320 MW thar coal based power project by Thar Coal Block-1
Power Generation Company (Pvt) Limited (TCB-1) holds significant standing
among the fleet of CPEC projects. The project is at advance stages of
development as critical milestones which include issuance of Letter of
Support (LOS) and signing of Power Purchase Agreement (PPA) have already
been achieved and project is likely to start power generation by March 2021.
The project will be connected with Matiri-Lahore Transmission Line which is
currently under construction and scheduled to be operational by March 2021.
Managing Director PPIB Mr. Shah Jahan
Mirza briefed the Board that under the vision of Government for clean and
affordable power generation, PPIB has started issuing Letters of Support
under Tripartite Letter of Support (TLOS) Regime of Power Generation Policy
2015 and so far PPIB has issued TLOS to 7.08 MW Riali and 8 MW Kathai
hydropower projects in AJ&K within a short period of one month which
demonstrates PPIBís aggressive approach towards harnessing hydro potential.
He also remarked that 700 MW Azad Pattan Hydropower Project has recently
been included in the CPEC which will expedite the development of project for
its completion by June 2026 in accordance with the Generation Expansion plan
of NTDC. NEPRA has already determined tariff of Rs. 7.4064 for the project.
The Board was apprised that PPIB is already processing Pakistan's first
private sector Matiari-Lahore Transmission Line Project and will be able to
facilitate future Transmission Line projects in the private sector under the
Transmission Line Policy 2015, as and when required by the system.