Islamabad, 4th October, 2016:
In order to cut the power generation cost and to make it affordable to the
masses, coal, hydro and R-LNG are key resources under the present scenario.
In order to make electricity affordable, the government has decided to
replace imported fuels with indigenous resources like hydro and Thar Coal,
and to focus on arranging additional megawatts to bridge the demand-supply
gap through these resources. This was stated by the Minister for Water and
Power, Khawaja Muhammad Asif while presiding over 107th meeting of Private
Power and Infrastructure Board held today.
The Private Power
and Infrastructure Board today approved issuance of Letter of Interest to
two hydropower projects which were presented before the Board after
evaluation of proposals by the independent consultant. These include 350 MW
Athmuqam hydropower project at Neelum River, District Neelum, AJ&K, to the
consortium led by Korea Hydro & Nuclear Power Co. Ltd and 58 MW
Turtonas-Uzghor Hydropower Project at Golen Gol River, District Chitral to
the consortium of Sinohydro Corporation Ltd, China & Sachal Engineering
Works (Pvt), Ltd Pakistan. To tap hydropower potential in the country, the
Board also approved solicitation of proposals through local and
international media for another two hydropower projects in the private
sector, which are 197 MW Kalam-Asrit and 101 MW Gabral-Kalam located in
district Swat, Khyber Pakhtunkhwa under the Power Generation Policy 2015.
The decision was taken eyeing improved law and order situation in the Swat
In order to utilize Coal deposits at Thar for power
generation, the Board today appreciated and allowed conversion of 660 MW
Lucky and 350 MW Siddiquesons Power from Imported Coal to Thar Coal. This
will not only save huge foreign exchange from spending on imported coal but
will provide affordable power to the masses.
Managing Director PPIB Mr Shah Jahan Mirza briefed the
Board on current status of various ongoing power generation projects being
handled by PPIB with particular emphasis on projects under China-Pakistan
Economic Corridor (CPEC). MD PPIB briefed the Board that Projects investors
are being facilitated to meet their commercial operation dates by 2017-2018.
The Board endorsed signing of Implementation Agreement and Supplemental
Agreement to 720 MW Karot Hydropower Project.
R-LNG based power
generation projects were also discussed in the meeting with particular focus
on 1180 MW project being processed at Bhikki by Quaid-e-Azam Thermal Power
Private Limited (QATPL). The Board also endorsed signing of Implementation
Agreement executed by the PPIB with QATPL.
The Minister appreciated the contribution of private
sector in development of Pakistan's power sector
and reiterated that current government is focused on tackling electricity
crisis with affordable means to provide real benefit to the nation. In
current situation, role of CPEC is vital as thousands of megawatts will be
available by 2018 which will bring an end to long lasting electricity crisis
in the country. Currently PPIB is facilitating nine projects of over 9000 MW
under the fate-changer CPEC initiative.