The upcoming IPPs will be extended fullest support by the government
in their endeavours to bring in the much needed electricity in the
country. This was
stated by the Minister for Water & Power Syed Naveed Qamar while
meeting of the Board of Private Power and Infrastructure Board
(PPIB) held today. Meeting was attended by the Secretary Water and
Power Mr. Javed Iqbal, Secretary Petroleum and Natural Resources Mr.
Imtiaz Kazi, Chairman WAPDA Mr. Shakil Durrani and Managing Director
PPIB Mr. N. A. Zuberi, besides Directors of PPIB and other senior
government officials, and private members of the Board.
Overall situation of electricity
demand-supply in the country was reviewed by the Board.
Director PPIB while briefing on the progress of Private Power
Projects informed that nine (9) IPPs of more than 1,800 MW have
already been commissioned since March 2009 whereas another three (3)
IPPs of 600 MW are expected to start functioning during next month.
It was further conveyed to the Board that currently PPIB is
processing thirty one IPP Projects of 8,600 MW cumulative capacity
which will be completed from 2011 to 2017. The Honorable Minister
appreciated the contribution of PPIB to combat current electricity
shortfall challenge and commented that he appreciates that PPIB is
manned with professionals who work in a transparent manner.
Due to the genuine difficulties faced by the
sponsors, the Board extended Financial Closure date of 375 MW
Uch-II Power Project to 15th May, 2011 to facilitate
them in firming up their financial arrangements for an early
construction start of the project. Board also approved the
Implementation and Power Purchase Agreements of Star Hydro for
developing 147 MW Patrind Hydropower Project in Muzaffarabad,