Private Power and Infrastructure Board (PPIB) was created in 1994 as a "One-Window Facilitator" on behalf of the Government of Pakistan (GoP) to promote private investments in power sector. In 2012 PPIB was made a statutory organization through Private Power and Infrastructure Board Act 2012 (Act VI of 2012). The role of PPIB has been further expanded by the GoP by allowing it to facilitate public sector power and related infrastructure projects in IPP mode, for which PPIB's Act has been amended in November 2015. PPIB approves IPPs, issues LOIs & LOSs (including Tripartite LOSs), approves Feasibility Studies, executes Implementation Agreements (IAs) and provides GoP guarantees.

Functions of PPIB in the light of PPIB Act 2012 and PPIB Amendment Act 2016

− Recommend and facilitate development of power policies;

− consult the concerned Provincial Government, prior to taking a decision to construct or cause to be constructed a hydroelectric power station in any Province and to take decisions on matters pertaining to power projects set up by private sector or through public private partnership and other issues pertaining thereto;

− coordinate with the Provincial Governments, local governments, Government of Azad Jammu and Kashmir (AJ and K) and regulatory bodies in implementation of the power policies, if so required;

− coordinate and facilitate the sponsors in obtaining consents and licences from various agencies of the Federal Government, Provincial Governments, local governments and Government of AJ and K;

− work in close coordination with power sector entities and play its due role in implementing power projects in private Sector or through public private partnership or for public sector power projects as per power system requirements;

− function as a one-stop organization on behalf of the Federal Government and its Ministries, Departments and agencies in relation to private power companies, sponsors, lenders and whenever necessary or appropriate, other interested persons;

− draft, negotiate and enter into security package documents or agreements and guarantee the contractual obligations of entities under the power policies;

− execute, administer and monitor contracts;

− prescribe and receive fees and charges for processing applications and deposit and disburse or utilize the same, if required;

− obtain from sponsors or private power companies, as the case may be, security instruments and encash or return them, as deemed appropriate;

− act as agent for development, facilitation and implementation of power policies and related infrastructure in the Gilgit-Baltistan areas and AJ & K;

− prescribe, receive, deposit, utilize or refund fees and charges, as deemed appropriate;

− open and operate bank accounts in local and foreign currencies as permissible under the laws of Pakistan;

− commence, conduct, continue and terminate litigation, arbitration or alternate dispute resolution mechanisms at whatever levels may be necessary or appropriate and hire and pay for the services of lawyers and other experts therefor;

− appoint technical, professional and other advisers, agents and consultants, including accountants, bankers, engineers, lawyers, valuers and other persons in accordance with section 11;

− hire professional and supporting staff and, from time to time, determine the emoluments and terms of their employment, provided always that at no stage shall such emoluments be reduced from such as are agreed in the contracts with such persons; and

− perform any other function or exercise any other power as may be incidental or consequential for the performance of any of its functions or the exercise of any of its powers or as may be entrusted by the Federal Government to meet the objects of the Act.