Islamabad, 6th January, 2016
The Government of Pakistan
is following a multi-pronged policy to address the power sector issues by
using indigenous coal, imported coal, hydro and R-LNG for power generation.
The investors are being facilitated to meet their commercial operation dates
by end of 2017 and early 2018. The government is arranging power for future
needs at affordable rates instead of expensive electricity. This was said by
Minister for Water and Power, Khawaja Asif while presiding over 103rd
meeting of Private Power and Infrastructure Board held here today.
Managing Director PPIB Mr.
Shah Jahan Mirza briefed the Board on current status of various Coal and
Hydropower projects being handled by PPIB. The Board advised PPIB to further
expedite the projects vis a vis removing bottlenecks hampering timely
completion of projects. It was informed that the 102 MW Gulpur Hydropower
projects has started construction, 1320 MW Port Qasim Coal project has
achieved Financial close and its first unit will start generation by
December 2017. Similarly, 1320 MW Coal project at Sahiwal by Huaneng
Shandong Ruyi of China is already under construction and scheduled to
achieve Commercial Operation Date in December 2017, while 660 MW Engro
Powergen Local Thar Coal based power project has signed Financing Documents
last month and expecting Financial Closing in few weeks.
It was also informed that
147 MW Patrind Hydropower project would achieve its Commercial Operation
Date by March 2017 as the construction activities are in full swing. He also
briefed about the 1000 MW small projects based on R-LNG in the country which
are targeted to start production during first quarter of 2017, and for this
purpose PPIB has been directed by the Government to implement these projects
in IPP mode through International Competitive Bidding (ICB) in a transparent
manner asking bidders for discount on NEPRA's
upfront tariff for RLNG projects.
Different ongoing private power generation projects
particularly the projects being under taken under China Pakistan Economic
Corridor were discussed in the meeting. Power projects are sharing major
portion of CPEC with billions of dollars, hence their timely completion
assumes further importance.
The Minister and Board members expressed their
satisfaction on the progress of ongoing projects being handled by PPIB and
assured fullest support to PPIB in sharing Government's
resolve of eliminating load shedding through affordable means.