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Islamabad, 19th June 2020: The
efforts for optimizing and progressing the CPEC based hydropower generation
in the country got major push today when the Board of Private Power and
Infrastructure Board (PPIB) in its 128th meeting held today under the
Minister for Power Mr. Omar Ayub Khan approved "Standardized
Security Package Documents for Hydropower Projects"
for submission to ECC for final approval. The said documents have been
prepared by PPIB with the consultation of federal and provincial
stakeholders to cater for institutional requirements at federal as well as
provincial and AJ&K level. This will help in mitigating protracted
negotiations with the private investor thus paving way for smooth and timely
implementation of hydropower projects. With the approval of these documents
from ECC, the specific agreements of 1,124 MW Kohala and 700 MW Azad Pattan
Hydropower Projects will stand approved for execution. The Minister
appreciated this development and said that the GoP is doing every effort for
attracting foreign direct investment in the country and today’s
accomplishment is a latest example of GoP’s commitment for improving power
supply in the country. With the implementation of these two major hydropower
projects under CPEC, more than 8,400 GWh of clean and green energy would be
added to the national grid every year. The Minister further stated that the
present government is reducing red tapism to fully facilitate the investors
for availing the variables of growth and better returns which are available
in the energy sector.
The Managing Director PPIB Mr. Shah
Jahan Mirza briefed the Board on various ongoing power generation projects
being implemented all over the country. The Board was briefed that PPIB is
currently processing a diversified portfolio of twenty five power generation
projects of around 12,500 MW while strategically important Matiari-Lahore
HVDC Transmission Line Project is also part of its active portfolio. The
Minister appreciated PPIB’s performance and advised continue playing its
role in further streamlining the processes for facilitation of investors and
timely completion of pipeline projects. ENDS
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