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OUTSTANDING CONTRIBUTION IN POWER GENERATION BY PPIB
117th meeting of PPIB
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25-MAY-2018 |
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Islamabad, 25th May,
2018: Federal Minister Power Division Mr. Awais Ahmad Khan Leghari while
chairing the 117th meeting of the Private Power and Infrastructure Board
(PPIB) held today remarked that the government has removed the darkness of
load shedding from the country by completing energy projects in a record
period of time and added that process of industrial development will be
accelerated and job opportunities will be enhanced due to overcoming of
energy crisis. He said that along with other stakeholders of the Power
Sector, PPIB has contributed addition of maximum megawatts to the national
grid. He said that just five years ago, energy, terrorism and violence were
Pakistan’s biggest challenges but our government has overcome these evils
within a brief term of five years and we can see that Pakistan is rising
towards becoming a strong economy.
Managing Director Private Power and
Infrastructure Board (PPIB) Mr. Shah Jahan Mirza briefed the Board on
overall performance of PPIB during the last five years in developing
Pakistan's power sector. The Board was briefed
that since June 2013, PPIB has managed to handle biggest and most
diversified portfolio of its history and delivered exceptional results.
Implementation of major portion of China-Pakistan Economic Corridor (CPEC)
energy program comprising coal, hydro and transmission line projects was the
prime task. PPIB as the leading institution of the GoP, processed these
projects diligently. The Board of PPIB has been extremely supportive, and
with the blessing of the government, during the past five years PPIB started
from scratch twenty-three projects with a cumulative capacity of 17,513 MW,
while twelve projects of 11,538 MW have started construction, and nine
projects accumulating to 6920 MW have achieved COD and supplying reliable
electricity to the national grid, bringing total number of IPPs commissioned
through PPIB to 15,469 MW. He added that from the current portfolio of
projects being processed by PPIB, we target to add another around 1800 MW to
the grid by end of this year.
In today's
meeting, various decisions were taken by the Board for smooth and effective
implementation of ongoing projects. The Board agreed extension in Commercial
Operation Dates (CODs) of 330 MW Thar Energy Ltd and 330 MW ThalNoa Thar
Power Limited both at Thar Block-II. The Minister indicated the need of
timely completion and synchronization of the transmission line project with
the upcoming generation projects in Karachi and Thar, as evacuation and
transmission of electricity from these plants heavily relies on the timely
completion of Matiari-Lahore Transmission Line project. Extension in LOI was
also accorded to 300 MW Coal Power Project at Gwadar..
In his
concluding remarks the Minister stated that during his tenure as Minister
Power Division, the teams at the Power Division, PPIB and other key players,
have worked relentlessly to achieve the goals of our government, and the
results are not hidden from anyone. He specifically lauded the efforts of
PPIB team for concluding such complex agreements and bringing project
proposals reality. He thanked all Board members for taking out their
precious times and providing very positive inputs and with their thoughts
processes and wisdom the targets of the government have been achieved. At
the end all Board members thanked Awais Laghari for his able guidance as
Chairman PPIB during his tenure, and highly appreciated the hard work put in
by PPIB teams to bring projects to reality.
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Mr. Shahjahan Mirza MD PPIB signing Implementation Agreement between
Power Division, Government of Pakistan and State Grid Corporation of China,
for 600 KV HVDC Line
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14 of May-2018 |
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ISLAMABAD, May 14 :Prime Minister Shahid Khaqan Abbasi
Monday witnessed signing of agreements between Power Division of Pakistan
and State Grid Corporation of China, for construction of 878 kilometer 600
KV HVDC Bipole Transmission Line from Matiari to Lahore.The signing ceremony
was held here at the PM House.
Project Implementation Agreement (IA) was signed by Mr.
Shahjahan Mirza MD PPIB and Shu Yinbiao, Chairman of State Grid Corporation
of China while Transmission Service Agreement, Land lease Agreement, O & M
Agreement was signed by Shu Yinbiao from the Chinese side and MD NTDC on
behalf of the Power Division.
Under the agreements, which are part of the Pakistan China Economic
Corridor, two Convertor Stations with AC Switching Stations at Matiari and
Lahore; two Electrode Stations at Matiari & Lahore each and three Repeater
Stations along the route of the line will also be constructed.
During the briefing about the agreements, the prime
minister was informed that with the launching of "China Pakistan Economic
Corridor" energy portfolio, planning for evacuation of power from the
upcoming power plants, including Thar, Port Qasim, nuclear and at Hub, was a
necessity.
Accordingly, HVDC Transmission Line was planned under CPEC for which
Cooperation Agreement was signed in 2015 between NTDC and State Grid
Corporation of China.
This flagship project is first of its kind in Pakistan
and also the first being executed under the Government of Pakistan
Transmission Policy-2015 on Build, Own, Operate and Transfer (BOOT) basis
for 25 years.
The project has a completion time of 27 months and
Commercial Operation Date (COD) has been fixed at March 1, 2021.
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Federal Minister for Power, Sardar Awais Ahmed Leghari Presiding over
116th meeting of PPIB
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09-MAY-2018 |
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Islamabad,
9th May, 2018: The Minister for Power Mr. Awais Ahmad Khan Leghari while
chairing the 116th meeting of the Private Power and Infrastructure Board
(PPIB) held today announced that 1230 MW RLNG based Power Project at Haveli
Bahadur Shah has started generating power which has world's
highest plant efficiency rate of 62.5% and is a great achievement of current
government made possible by the relentless efforts by the Power Division,
PPIB, NPPMCL and other kay players. The Minister expressed that
China-Pakistan Economic Corridor (CPEC) has greatly served Pakistan in
securing self-reliance in power sector while its full scale implementation
would deliver fruitful results in every nook and cranny of our country. He
said that after controlling blackouts we have come out of crisis mode and
now the prime focus remains on attaining energy security. Our end dream is
to ensure affordability in arranging future capacity additions for which
hydro, coal, solar and wind assets are particularly vital which are
abundantly available across country and enough to provide round-the-clock
power supply for a long time.
Progress of under implementation
power and transmission line projects which include CPEC and non-CPEC
projects was reviewed by the Board, while overall situation of the country’s
demand-supply also came under discussion. Managing Director PPIB Mr. Shah
Jahan Mirza briefed that PPIB has so far handled the CPEC energy program of
the GoP successfully and has already delivered success stories by declaring
CODs of 1320 MW Sahiwal and 1320 MW Port Qasim coal based power projects
while majority of projects are either under construction or under Financial
Closing stages. In today's meeting, particular
focus was on thar coal mining and power generation projects being setup in
the downtrodden Tharparkar which is emerging as energy capital of Pakistan,
courtesy the CPEC. In a bid to facilitate ongoing IPPs in
accomplishing various activities, the Board in today’s meeting granted
guidance and way forward leading to their smooth, quick and effective
implementation. The Board agreed to allow extensions in Financial Closing
Dates of 1320 MW Thar Coal based Power Project at Thar Block-I by Thar Coal
Block-I Power Generation Company Limited and 700 MW Azad Pattan Hydropower
Project at River Jhelum on the dual boundary of District Rawalpindi, Punjab
and District Sudhnoti, AJ&K. The Board also allowed provision of revolving
account facility for +-660 kV HVDC Matiari-Lahore
HVDC Transmission Line Project as was provided for power generation projects
under CPEC Agreement.
The Minister remarked that in 2013
every sector of Pakistan was in bad state but power sector was worst to all.
Considering the complexity of crisis and its serious ramifications, number
of measures were taken to ensure availability of electricity at affordable
cost to our industry, agriculture, commercial enterprises and domestic
consumers. The efforts of current government for transforming miseries of
nation into comfort have borne fruit and power generation projects are an
example of its own with regard to their advantages for the masses.
The meeting was
attended by Minister of State for Power Ch. Abid Sher Ali, Mr. Shoaib Ahmad
Siddiqui, Secretary Ministry of Planning, Development & Reform,
representatives of Power and Petroleum Divisions of Ministry of Energy,
Ministry of Finance, WAPDA, FBR, Punjab, Sindh, Khyber Pakhtunkhwa,
Balochistan provinces and FATA and AJ&K, a private sector member, besides,
Executive Director and Directors of PPIB and other senior government
officials.
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Managing Director, Shah Jahan Mirza addressing in The CPEC Summit 2018,
organized by Daily Dawn at Karachi
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23-24 of April-2018 |
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Federal Minister for Power, Sardar Awais Ahmed Leghari Presiding over
115th meeting of PPIB
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14-MAR-2018 |
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Islamabad,
14th March, 2018: Government of Pakistan realizes the importance of
transmission lines in complimenting the upcoming power generation projects.
Current transmission network needs to be strengthened and made reliable to
support government aim of achieving sustainability in the system. The
Minister for Power Mr. Awais Ahmed Khan Leghari expressed these views while
chairing the 115th meeting of the Private Power and Infrastructure Board
(PPIB) held here today. He emphasized that the GoP is working on upgrading
the existing transmission network to make it more reliable and efficient and
NTDC has been asked to take the necessary measures. At the same time private
sector is being encouraged to contribute in network expansion. As a result,
so far, Pakistan’s first ever HVDC Transmission Line project has already
been initiated in the private sector under China-Pakistan Economic Corridor
(CPEC) while several other projects are being planned to launch through
international competitive bidding.
The Managing Director PPIB Mr. Shah
Jahan Mirza briefed the Board on various projects being implemented by PPIB
under the CPEC. In today’s meeting, the Board approved extension in
Financial Close deadline of +660 kV HVDC Matiari-Lahore Transmission Line
being processed under the CPEC. The Board also allowed extension in
Financial Close deadlines of thar coal based power projects being processed
under CPEC which include 330 MW Project by Thar Energy Limited and 330 MW
Project by ThalNova Thar Pvt. Ltd. The Minister said that the current
government believes in the policy of facilitating investors, and extending
full support to them for processing and timely completion of their projects.
The Managing Director PPIB Mr. Shah
Jahan Mirza while briefing the Board on the performance of PPIB stated that
extensive efforts are being done to cultivate Thar coal and hydro potential
for power generation. Mr. Mirza briefed the Board that PPIB is successfully
meeting the challenging and ambitious timelines of the current government
for addition of huge quantum of power generation capacity in the national
grid which is evident of the fact that within a period of less than one
year, two projects of 1467 MW have started commercial operations while
another four projects of 5000 MW cumulative power capacity have achieved
partial commissioning as well.
The Minister remarked that
sustainability in power system is a must to do task of the GoP next to
balancing the demand-supply situation. Merely, providing additional
megawatts would not be sufficient to gain real goals. Pakistan’s future lies
in the indigenous and renewable energy for which serious efforts are being
put in. National Electricity Plan and a new Energy Policy are steps to
consolidate these efforts which will act as a guide for future capacity
expansions as well as choice of fuels etc.
The meeting was
attended by Minister of State for Power Ch. Abid Sher Ali, Mr. Yousaf Naseem
Khokhar, Secretary Ministry of Energy (Power Division), Mr. Arif Ahmed Khan,
Secretary Ministry of Finance, Mr. Shoaib Ahmad Siddiqui, Ministry of
Planning, Development & Reform, Lieutenant General Muzammil Hussain,
Chairman WAPDA representatives of Ministry of Energy (Petroleum Division),
Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan provinces and AJ&K, a private
sector member, besides, Executives Director and Directors of PPIB and other
senior government officials.
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SECURITY PACKAGE
AGREEMENTS FOR
TWO 990 MW THAR COAL BASED POWER PROJECTS SIGNED |
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08-MAR-2018 |
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ISLAMABAD, 8th March 2018: The
Implementation Agreements (IAs) of two thar coal-based power generation
projects totalling 990 MW were signed today at Private Power and
Infrastructure Board (PPIB) for materializing the financing of 1490 Million
US$ as the cumulative Projects cost. Mr. Shah Jahan Mirza, Managing
Director PPIB signed the documents with Mr. Mohammad Asad, Project Director
of M/s Lucky Electric Coal Project and Mr. Muhammad Abdul Vakil, Chief
Operating Officer of M/s Siddiqsons Energy Coal Project. The signings were
witnessed by senior officers of PPIB and other high level officals
representing both projects. Ealier, the Power Purchase Agreements (PPAs) of
both the projects were executed on 7th March 2018.
The 660 MW Lucky Electric Coal
Project being developed by M/s Lucky Electric Power Company Limited at Port
Qasim has an investment of 1,080 million US Dollars whereas 330 MW
Siddiqsons Energy Coal Project by M/s Siddiqsons Energy Limited is located
at Thar Block-II having investment of 410 million US Dollars. Both projects
will utilize Thar Coal supplied by Sindh Engro Coal Mining Company (SECMC)
which is executing coal mining operations for coal extraction in the Thar coalfield,
Block-II. Letters of Support have already been issued to both projects by
PPIB which are currently at advanced stages of achieving Financial Closure.
It is anticipated that Lucky Electric Coal Project will start generation by
March 2021 while Siddiqsons Energy Coal Project by June 2021. Latest
advancements by both projects are very crucial in achieving future
milestones which include financial closing and start of construction
activities.
The addition of 990 MW of affordable
and reliable electricity will energise the national grid in true sense while
it will also be instrumental in saving of millions of dollars of precious
foreign exchange annually, generating economic activities as well as
employment opportunities for the people of Thar in particular and will also
entail improvement of the basic infrastructure in the vicinity of these
projects.
After overcoming the crisis of
electricity, GoP is prioritizing and encouraging power generation through
indigenous coal and hydro beside renewables resources for achieving energy
security. Exploration of Thar Coal is opening a new chapter in the energy
history of Pakistan and PPIB has been quite successful in implementing seven
thar coal based power projects of 5,000 MW which are at different stages of
development.
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COAL BASED PRIVATE POWER PROJECT OF
1320 MW ACHIEVES FINANCIAL CLOSURE |
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26-JAN-2018 |
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Islamabad, 26th January 2018: Financial Close of 1320 MW
power plant at Hub has been achieved by China Power Hub Generation Company
(Private) Limited. The company will establish 2 x 660 MW power plants at
Hub, Balochistan. The Implementation Agreement (IA) and Power Purchase
Agreement (PPA) of the project have been already signed on 25th January,
2017. The project is being implemented as "Prioritized Project" under the
China-Pakistan Economic Corridor (CPEC), a game changer initiative for
development of mega energy and infrastructure projects in the country.
The signing ceremony of Financial Closure was held at
Private Power Infrastructure Board (PPIB) office Islamabad on 26th January
2018 which was attended by Mr. Shah Jahan Mirza, Managing Director, PPIB and
Mr. Zhao Yonggang, Chief Executive of Project Company alongwith other senior
officers of PPIB and Project Company/Sponsors. The sponsors of the Project
are China Power International Holding and Hub Power Company Limited,
Pakistan while the equity partners of the project are China Power
International Holdings Limited and Hub Power Holdings Limited and the
lenders consortium consists of China Development Bank, The Export-Import
Bank of China, Industrial and Commercial Bank of China, China Construction
Bank Corporation and Bank of Communications Co. Limited.
This project is one of the largest projects of CPEC
which is being developed at a cost of US$ 2 billion and its first unit of
660 MW is targeted to start production by December 2018 while full
commercial operations are targeted to be commenced by August 2019. It is a
laudable fact that in order to ensure timely completion of Project, the
Sponsors had started construction activities through own equity prior to
achieving Financial Close. Due to the proactive approach of Project
Sponsors, and the support provided by the Power Division and PPIB,
construction activities are being undertaken at accelerated pace and so far
considerable progress has been achieved in this regard. The plant would have
least impact on environment as super critical technology is being employed
which is the latest technology being adopted world-wide to address
environmental concerns.
The Project will be instrumental in socio-economic
uplift of the remote areas of Hub/Lasbella besides generating employment
opportunities for the local population. Today's achievement added another
feat to the CPEC which has so far delivered 1320 MW Sahiwal and 1320 MW Port
Qasim Power Projects in the recent past. Role of China in developing
Pakistan's Power Sector particularly through CPEC is regarded with great
respect while Hubco group has noticeable stakes in the Pakistan's power
sector by owing 1292 MW, 220 MW IPPs, 84 MW hydro commissioned IPPs. Another
330 MW Thar Coal fired Power Project at Thar Block-II is also being
implemented by Hubco Group under the banner of CPEC which is currently under
construction and its Financial Close is expected soon.
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Federal Minister for Power, Sardar Awais Ahmed Leghari Presiding over
114th meeting of PPIB
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17-JAN-2018 |
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Islamabad,
17th January, 2018: The 114th meeting of the Board of PPIB was held today
under the Chairmanship of Federal Minister for Power Sardar Awais Ahmed Khan
Leghari; this being the fourth meeting in last three months. The Honourable
Minister while appreciating the Board members for their active participation
in the meetings said that investors in the power sector are feeling the
friendly environment as their cases are being fast tracked due to frequent
meetings.
Managing Director PPIB, Mr. Shah
Jahan Mirza briefed the Board on various agendas of today's meeting and
activities being undertaken by PPIB for timely implementation of power
generation projects under its portfolio. He briefed that in order to
encourage indigenous and sustainable energy, PPIB is handling seven projects
with a total capacity of 5,600 MW. In todays'
meeting, the Board authorized PPIB to acknowledge the ECC approved Interim
Agreement for supply of R-LNG to four indigenous gas based IPPs namely
Halmore, Saif, Orient and Sapphire. Due to non-availability of gas these
projects are operating on costly HSD. The replacement of R-LNG with HSD will
cut the fuel price to almost half, thus reducing the tariff considerably.
Managing Director NTDC made a
presentation on the analysis of Matiari-Lahore HVDC transmission line, the
flow of power from IPPs based on Thar Coal from south to north, and the
financial impact thereof. The Chairman advised PPIB, NTDC and CPPA-G to sit
down together and make a thorough analysis based on the actual Commercial
Operation dates of the Thar Coal based IPPs so that any financial exposure
to the government can be avoided.
The Board also granted approval to
go-ahead with the procedure of executing Coordination and Indemnity
Agreement between Government of Pakistan and Government of Sindh. Under the
said procedure, working draft of the Agreement will be circulated to the
Government of Sindh through Ministry of Energy (Power Division) and after it
is finalized between the parties, shall also be finally vetted by Ministry
of Law & Justice before execution. This is required for the projects based
in Sindh, where the Sindh Government signs Land Lease Agreement (LLA) and
Water Use Agreement (WUA) with the IPPs. GoP is covering default under these
Agreements in the Implementation Agreement. The Chairman advised to conclude
the agreement within one month
The Honourable Minister stated that
current Government has been instrumental in realising the electricity
potential as we believe that electricity plays vital role in improving
socio-economic growth of the country. We are committed to provide affordable
electricity in most efficient manner to every single consumer for which we
have taken concrete steps and will continue the spirit for future as well.
On the proposal
of the Federal Minister for Power Division, the PPIB Board decided to hold
its next meeting at Thar, Sindh in the second week of February 2018 in order
to review the indigenous coal assets of Pakistan. The Board members will
also take stock of the projects already under different phases at Thar. It
will also provide first-hand knowledge and facilitate the right decisions
relating to the Thar Coal Projects.
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Federal Minister for Power, Sardar Awais Ahmed Leghari Presiding over
113th meeting of PPIB
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11-JAN-2018 |
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Islamabad,
11th January, 2018: The National Electricity Plan and new Energy Policy of
the Government of Pakistan is at final stages of development and has full
participation of the provinces. This plan will be of utmost importance in
determining demand and supply scenario of electricity in the country. This
was said by the Federal Minister for Power Sardar Awais Ahmed Khan Leghari
while presiding over 113th meeting of Private Power and Infrastructure Board
held here today. He further said that all pending LOIs issued to sponsors
will accordingly be evaluated under this plan. The National Electricity Plan
would play a major role in determining the future sources for power
generation and reduced tariff which would be based on International
Competitive Bidding. The Minister further stated that the Sponsors of
Projects should diligently pursue their projects so that projects are
implemented well in time while practice of granting extensions in
accomplishing various milestones should be avoided so that the plan for
capacity addition is not disturbed. Ch. Abid Sher Ali, Minister of State
Power Division, amongst other senior federal and provincial government
officers attended the meeting.
In today's
meeting, the Board approved execution of Implementation Agreement (IA) with
the +660kV HVDC Matiari-Lahore Transmission Line Project, consequently
allowing PPIB to execute the agreement for timely implementation of this
project of national importance. The Board also allowed extension in
Financial Close date of 1320 MW Imported Coal based Power Project at Hub
without affecting the synchronization date of the first unit i.e. 31st
December 2018 and Required Commercial Operation Date i.e. 1st August 2019.
The Board accorded approval for
submission of ECC Summary for approval of IA and PPA for 1263 MW Trimmu RLNG
based Power Project which is being implemented on fast track basis by the
Government of Punjab.
The Minister and Board members
expressed their satisfaction on the progress of ongoing projects being
handled by PPIB and urged PPIB to keep abreast on the progress of said
projects. The Federal Minister said that there are other aspects of the
energy crisis which we are tackling on war footing, including constraints in
the transmission segment of the power sector,
inefficiencies in the distribution system, the circular debt burden and
inadequate checks on power theft.
Eradicating load shedding, harnessing indigenous potential, controlling
wrong meter-reading/over-billing and introducing net-metering are
extraordinary achievements of the government which will be instrumental in
making our electricity network efficient.
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Honourable Prime Minister Shahid
Khaqan Abbasi inaugurated 147 MW Patrind Hydropower Project at Muzaffarabad
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15-DEC-2017 |
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INAUGURATION OF FIRST UNIT OF 1320 MW
PORT QASIM COAL FIRED
POWER PROJECT
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29-NOV-2017 |
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Honourable
Prime Minister Shahid Khaqan Abbasi inaugurated the first unit (660 MW) of
1320 MW Port Qasim Coal-Fired Power Project on Wednesday i.e. 29th November
2017. The Project is a part of China-Pakistan Economic Corridor (CPEC) while
M/s POWERCHINA and AL-MIRQAB, Qatar are the sponsors of the Project.
The inauguration ceremony was held at
Karachi which was attended by Governor Sindh Mr. Mohammad Zubair, Chairman
POWERCHINA Mr. Yan Zhiyong, Chairman AL-MIRQAB Capital, Qatar Prince Jassim,
Minister for Power Division Sardar Awais Ahmad Khan Leghari, Minister for
Maritime Affairs Mir Hasil Khan Bizanjo, Minister of State for Power
Division Chaudhry Abid Sher Ali, Minister of State for Petroleum Division
Mr. Jam Kamal Khan, Chinese Ambassador to Pakistan H.E. Mr. Yao Jing,
Managing Director Private Power and Infrastructure Board (PPIB), Mr. Shah
Jahan Mirza beside other senior officials from Pakistan and China as well as
media personnel.
While addressing the gathering,
Honourable Prime Minister said that "today,
Pakistan has not only met its energy needs, it has also surplus power".
Congratulating POWERCHINA and AL-MIRQAB Capital, the premier said the
completion of the first unit of coal-fired power
project was a significant milestone in the CPEC, adding that the CPEC
creating job opportunities for the youth, alongwith boosting economic
prosperity. The 660 MW first unit of the Project has been completed in 30
months - ahead of schedule -
and the second unit will also be completed ahead of the schedule in February
2018-around two months ahead schedule, he assured.
The PM also mentioned various power projects, including coal-fired,
gas-fired and hydel-based power plants, which had added thousands of MWs to
the national grid over the last four years. The Premiere in his concluding
words, appreciated the untiring efforts of the Power Division of Ministry of
Energy, PPIB, NTDC, Government of Sindh and Port Qasim Authority for making
this project a reality.
Speaking on the occasion, Federal
Minister for Power Division Sardar Awais Ahmad Khan Leghari said the
Ministry would keep working to take on challenges like constraints
in Distribution of Power, Overbilling, Line losses and Transparency. He said
the Federal and Provincial governments would soon legislate for National
Electricity Plan who would penalise companies for inefficiency in
distribution and those involved in power theft would have to face
imprisonment up to three years. Ensuring transparency and streamlining
of billing system, he claimed that the Premier would inaugurate Net Metering
System soon.
The 1320 MW
Port Qasim Project was issued Letter of Interest by PPIB on 21st May 2014,
Letter of Support on 17th April 2015 while Financial Closing was achieved on
22nd December 2015. Ground breaking of the project was performed by the
former Prime Minister Muhammad Nawaz Sharif on 6th May 2014. Due to the
vigorous processing and follow up by the PPIB, first unit of the project has
been completed in less than 23 months after achieving the financial close.
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IMPLEMENTATION
AGREEMENT SIGNED FOR 330 MW THAL
NOVA
COAL POWER
PROJECT
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24-NOV-2017 |
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AGREEMENTS SIGNED FOR 330 MW THAR COAL POWER
PROJECT
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10-NOV-2017 |
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ISLAMABAD,
10th November 2017: The Implementation Agreement (IA) and Supplemental
Implementation Agreement (SIA) of 330 MW Thar Coal based Power Project by
M/s Hub Power Company Limited (HUBCO) signed today at Private Power and
Infrastructure Board for materializing the financing of around 500 Million
US$ as Project cost. The documents have been executed by Mr. Shah
Jahan Mirza, Managing Director PPIB and Ms. Fatima Maryam, Chief Financial
Officer of HUBCO. The officials from Government of Pakistan (GoP), Private
Power and Infrastructure Board (PPIB) and representatives of HUBCO and
Project Company i.e. M/s Thar Energy Limited (TEL) witnessed the signings.
This project is being developed at
Thar Block-II, and will utilize indigenous Thar Coal for power generation.
Letter of Support has been issued to the project by PPIB and currently it is
at advanced stages of achieving Financial Closure. In order to ensure timely
completion of Project, the Sponsors have started construction activities
prior to achieving Financial Close. The development pace on the project is
satisfactory, hence it is anticipated that the project is likely to start
generation by end 2020.
This project is among the lot of 12
coal and hydro power projects of around 11000 MW being facilitated by the
PPIB under the framework of China-Pakistan Economic Corridor (CPEC). A new +
660kV HVDC transmission line under CPEC is also being implemented by PPIB to
evacuate electricity from new power generation units in the south and to
transmit it to the load centres up north.
Mr. Shah Jahan Mirza, Managing
Director PPIB stated that this latest development reaffirms GoP's
commitment of making country self reliant in power generation and free of
load-shedding. He said the exploration of Thar Coal is opening a new chapter
in the energy history of Pakistan and this dream has been realized through
CPEC arrangement. CPEC is a real game changer in the field of energy because
the prioritization of energy projects as part of the CPEC investments have
enhanced the confidence of stakeholders in Pakistan's
energy sufficiency. CPEC is covering the entire power sector value chain
from fuel extraction (mining) to power generation and to end-user
distribution. The development of these projects will be instrumental in
generating economic activities as well as employment opportunities for the
people of the area in particular and will also entail improvement of the
basic infrastructure in the vicinity of these projects.
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Signing of Supplementary IA
Between PPIB and China Power Hub
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09-NOV-2017 |
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Federal Minister for Power Division, Sardar Awais
Ahmed Khan Leghari has said that the Government has initiated a third party
evaluation of the electricity demand and supply scenario
112th meeting of PPIB
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31-OCT-2017 |
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Islamabad,
31st October, 2017: Federal Minister for Power Division, Sardar Awais Ahmed
Khan Leghari has said that the Government has initiated a third party
evaluation of the electricity demand and supply scenario which is in the
final stage and the Power Division is expected to receive its first report
shortly. He said that based on the third party evaluation and other related
matters, the Government will streamline the approval of new power projects
in the country. The Minister conveyed this while chairing the 112th meeting
of the Board of Private Power and Infrastructure Board (PPIB) held here
today.
While settling multiple matters
regarding smooth implementation of power projects, the Board decided to
allow execution of Implementation Agreements and Supplemental to
Implementation Agreements with the Power Generation Projects based on Thar
Coal thus allowing PPIB to sign these agreements for smooth and earliest
implementation of their projects. These projects include 1320 MW Thar
Block-I Power Generation Co. (Shanghai Electric Power Co.), 330 MW Thar
Energy (HUBCO) Power Project, 330 MW Thal Nova Thar Power Project, 660 MW
Lucky Electric Power Co. and 330 MW Siddiqsons Energy Limited. The Minister
said that all efforts should be made to promote the local coal and any
action should not in any way affect or delay the pace of mining at Thar. He
said that any temporary arrangement to use imported coal should be well
monitored and the plant design should be based on Thar coal specifications
for use of indigenous coal.
Sardar Awais Ahmed Khan Leghari
emphasized the uniform policy should be adopted for issuance of Letter of
Intent (LOI) and Letter of Support (LOS) to the potential investors in the
power sector in order to ensure transparency. He said that any extensions in
Projects timelines should only be allowed in accordance with the applicable
policies.
Mr. Shah Jahan Mirza, Managing
Director PPIB briefed the Board on the power generation and transmission
line projects currently being handled by PPIB. The Minister said that PPIB
being the one window facilitator for private sector power projects, should
hold its Board meetings frequently in order to dispose off cases more
diligently. He conveyed that the Power Division is considering to switch
from present upfront tariff regime to competitive bidding regime to add most
affordable electricity for the consumers in the national grid.
Recommendations in this regard will be placed before the Government for its
consideration.
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Federal Minister for Power, Sardar Awais Ahmed Leghari Presiding over
111th meeting of PPIB
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25-OCT-2017 |
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Islamabad,
25th October, 2017: The present Government while taking prompt steps for
eliminating the electricity shortage has made a number of decisions and
executed many projects accordingly. These are now bearing fruits and the
country is about to enter into an era of abundance of electricity for public
and economy. However, we are cognizant of the fact that there are still
complex issues in the sector which require further work and diligence. The
Government is assessing the power sector issues in its entirety and will
soon come up with a comprehensive plan for future course of action. This was
said by the Federal Minister for Power Sardar Awais Ahmed Khan Leghari while
presiding over 111th meeting of Private Power and Infrastructure Board held
here today. He said that the Power Division is assessing and analyzing the
demand & supply scenarios and evaluating the ground situation to prepare
future course of action for power sector.
The Board was briefed that in order
to further ensure the elimination of load shedding and have some backup for
unforeseen outages, CCE has approved 1250 MW RLNG based power generation
project near Trimmu Barrage in District Jhang, Punjab. This project having
estimated cost of US$ 802 million was approved in today's
meeting for further processing. The project is targeted to start generating
power in simple cycle mode by December 2018.
The Board also decided to advertise
132 MW Rajdhani Hydropower Project on Poonch River in AJ&K under the
provisions of Power Policy 2015. Setting up of hydropower projects will
improve energy mix in the country and reduce dependence on imported fuels.
The establishment of this project will also be instrumental in generating
economic activities as well as creating employment opportunities for the
people of the area. The Board was informed the hydropower has been the top
priority of PPIB. Currently, 4 projects of approximately 1850 MW are under
construction while another 1124 MW Kohala Hydropower Project will achieve
Financial Close early next year.
In order to facilitate the Sponsors
in the implementation of their project the Board allowed extension in
signing of project agreements (IA and TSA) to Pak Matiari-Lahore
Transmission Company (Pvt) Limited which is developing first ever private
transmission line project of the country and will also be the first ever
HVDC transmission line in Pakistan i.e. +-660kV Matiari-Lahore Transmission
Project having designed capacity of transmitting electricity of 4000 MW. The
Project is being sponsored by China Electric Power Equipment & Tech. Co. Ltd
(CET) a subsidiary of State Grid Corporation of China (SGCC) under China
Pakistan Economic Corridor (CPEC) framework. This project is of great
national importance as it is aimed to evacuate electricity from upcoming
coal based power projects which are located in southern parts of country.
Managing Director Private Power and
Infrastructure Board (PPIB) Mr. Shah Jahan Mirza briefed the Board on
various power generation projects which include CPEC and non-CPEC projects
being handled by PPIB, while overall situation of the country's
demand-supply also came under discussion. Mr. Mirza briefed that currently
PPIB is handling portfolio of thirty two IPPs of more than 20500 MW which
are based on hydro, coal & RLNG fuels plus a +-660kV HVDC Matiari-Lahore
Transmission Line Project out of which twelve projects of around 11000 MW
and Transmission Line Project is being implemented by PPIB under the CPEC
framework. The Board was briefed that majority of these projects are at
advance stages of implementation, some are under the process
of declaring COD/testing
and commissioning, some are under construction, while others are under
Financial Closing and Pre-Financial Closing stages.
The Minister
and Board members expressed their satisfaction on the progress of ongoing
power generation & transmission projects being handled by PPIB and urged
PPIB to keep abreast on the progress of said projects which are of vital
importance in stimulating our economic growth by promoting allied businesses
in infrastructure development and creating employment opportunities. The
Federal Minister said that the present government has announced various
incentives through the power policy of 2015, and while lauding PPIB on its
efforts for attracting record investment in the power sector, he said that
the facilitation extended to the new investors in power sector should be
further enhanced to support local and international investors.
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Initialing Ceremony
IA - 1124MW Kohala HydroPower Project
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20-OCT-2017 |
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PPIB Signs Facilitation Agreement with Government of
Azad Jammu & Kashmir under Tripartite LOS Regime
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08-SEP-2017 |
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The
signing ceremony of Facilitation Agreement (FA) was held on 8th September
2017 at Private Power Infrastructure Board (PPIB) office Islamabad. The
documents were signed by Mr. Shah Jahan Mirza, Managing Director PPIB and
Malik Israr Ahmed, Secretary (Electricity/PDO) Government of Azad Jammu &
Kashmir (GoAJ&K) in presence of senior officials of PPIB and the GoAJ&K.
Under the Facilitation Agreement, PPIB and GoAJ&K have agreed for
cooperation and facilitation in setting up private hydropower power projects
of under 50 MW and related infrastructure initiated by GoAJ&K for further
processing by PPIB under the Tri-partite Letter of Support (LOS) regime.
Earlier, PPIB has already signed Facilitation Agreements with Energy
Department of Government of Khyber Pakhtunkhwa and Energy Department of
Government of Punjab.
Through
this arrangement, a Tripartite LOS will be issued to the projects
sponsors/companies and PPIB will facilitate them in establishing of private
power projects and related infrastructure through signing Implementation
Agreement and issuing Government of Pakistan (GOP) Guarantee under the
provisions of Power Generation Policy 2015. This initiative will attract and
encourage potential investors in developing small to medium size hydropower
power projects in AJ&K which will further augment generation capabilities.
This milestone will enhance the confidence of investors in investing in
Private Power Projects of GoAJ&K and help in harnessing the large potential
of hydropower projects in AJ&K.
PPIB is
already processing eleven medium to large size hydropower projects in AJ&K
with a cumulative capacity of 4739 MW out of which three projects of 969 MW
are under construction after achievement of Financial Close while two
projects of 1764 MW are expected to achieve Financial Closing soon and
others are at different stages and moving ahead satisfactorily. It is
pertinent to mention that the first hydro IPP namely New Bong Escape
Hydropower Project which is located in AJ&K is already commissioned and
generating 84 MW to the national grid.
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SIGNING OF AMENDMENT TO IA & GOP
GUARANTEE
DAVIS ENERGEN(PVT) LIMITED
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31-AUG-2017 |
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ATHMUQAM HYDROPOWER PROJECT
POE MEETING
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25-AUG-2017 |
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TURTONAS-UZGHOR HYDROPOWER PROJECT
First Meeting of POE
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10-AUG-2017 |
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First Meeting of Panel of Experts (POE) with regards to the Feasibility
Study being conducted by the Sponsors of Turtonas-Uzghor hydropower Project
was held on 10th August 2017 in the PPIB office.
Turtonas-Uzghor Hydropower Project will be located on River Golen Gol in
Chitral District, Khyber Pakhtunkhwa. PPIB issued a Letter of Intent (LOI)
on 20th March 2017 to the consortium consisting of Sinohydro Corporation
China, and Sachal Engineering Works (Pvt) Ltd. under Power Policy 2015 for
development of the project.
The sponsors are conducting the Feasibility Study which
is being monitored by the POE appointed by PPIB under the Policy with due
representation from public and private sectors. The POE in its meeting
reviewed the Inception Report presenting the progress of project and the
progress was found satisfactory till date.
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PPIB ISSUES LOS TO FIRST EVER HVDC TRANSMISSION LINE PROJECT IN PAKISTAN
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04-AUG-2017 |
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Private Power and Infrastructure Board
has issued Letter of Support (LOS) to +- 660 kV Matiari-Lahore HVDC
Transmission Line Project. The Project will have bipole HVDC technology,
having approximately 880 kilometers length, with two converter stations one
each at both Matiari and Lahore ends. The line will have transfer capability
of transmitting 4000 MW. This is the first ever transmission line project in
the private sector in Pakistan and first project under the Transmission Line
Policy 2015 approved by the present government to incentivize private sector
for development of transmission lines in order to support huge new power
generation. Being implemented under the China Pakistan Economic Corridor
(CPEC) agreement, the project sponsors are China Equipment and Technology
Corporation (CET), which is a subsidiary of State Grid Cooperation of China
(SGCC). The Project is being developed on Build-Own-Operate-Transfer (BOOT)
basis for a term of 25 years. NEPRA has approved its tariff on 4th May 2017,
and the Letter of Support (LOS) has been issued on 4th August 2017, after
which the sponsors are required to achieve financial close. The Commercial
Operations of the project is targeted in 2020. The project will primarily be
used for evacuation of power from Thar based power generation projects which
is another success of the present government to utilize the unused
indigenous coal; at Thar lying unexploited for decades.
Currently PPIB is
handling portfolio of thirty two (32) multiple fuel (coal, hydro and R-LNG)
based independent power projects (IPPs) having cumulative capacity of more
than 19,500 MW worth multi billion dollars. The portfolio contains sixteen
hydropower project of 6,430 MW, thirteen coal based projects of 9,491 MW
(five imported coal based projects of 4,423 MW, seven Thar coal based
projects of 4,950 MW) and three R-LNG based combined cycle gas turbine
projects of 3,633 MW. These projects are at different stages of development,
some are in testing and commissioning phase, some are under construction,
while others are under Financial Closing and Pre-Financial Closing stages.
It is targeted that 7500 MWs are completed by 2018 and 14,000 MWs by 2021
from the private sector.
The HVDC transmission system is considered technically
and economically more viable for power transmission over longer distances
due to its higher transmission capacity, higher efficiency, lower losses and
cost effectiveness etc. The Matiari-Lahore Transmission Line will be first
ever HVDC transmission line in Pakistan.
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ALL STEPS BEING TAKEN TO ERADICATE POWER OUTAGES
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07-JUN-2017 |
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Minister for Water and
Power Khawaja Muhammad Asif today presided over the 110th meeting of Private
Power and Infrastructure Board (PPIB) held in the Ministry of Water & Power.
The Board was briefed that a number of upcoming projects based on affordable
fuels like coal, hydro and RLNG are at final stages of completion to
eradicate power outages. The 1320 MW Sahiwal Coal Power Project achieved
Financial Close and started power generation after inauguration by the Prime
Minister Muhammad Nawaz Sharif. Furthermore, 720 MW Karot Hydropower Project
which is located at River Jhelum on dual boundary of Punjab and AJ&K has
also achieved Financial Close and started construction. The Board was
informed that the first unit of 2 x 660 MW Port Qasim Power Project will
start generation in November this year while COD will be achieved in May
2018. The Minister said that the timely completion of upcoming power
projects is very important for attaining the goal of zero outages for which
present government desires PPIB to provide maximum facilitation in removing
bottlenecks to avoid any hurdles or delays during the implementation of
their projects.
In order to ensure the implementation
of Thar Coal based projects, the Board keeping in view the coal supply from
the Sindh Engro Coal Mining Company (SECMC) approved timelines for Financial
Close and COD of Thar Coal based power generation projects which include 330
MW Thar Energy Limited, 330 MW ThalNova Power Thar Limited, 660 MW Lucky
Electric Power Company Limited and 330 MW Siddiqsons Energy Limited. The
Board also appreciated the initiative of China Power Hub Generation Company
(Pvt) Limited regarding construction start of 2 x 660 MW Imported Coal based
Project at Hub from its own equity to meet the COD date of August 2019.
Ongoing power projects were also
discussed in the meeting in context to the overall electricity situation in
the country. Managing Director PPIB Mr. Shah Jahan Mirza briefed the Board
on various power generation projects being handled by PPIB,
particularly the projects being processed under China-Pakistan Economic
Corridor (CPEC) and briefed the Board that the major chunk of CPEC program
comprises of energy projects being processed by PPIB for which concerted
attention is being given for timely completion.
The Minister
said that the Government is seriously working to bridge the gap between
demand and supply of electricity to accelerate the socio-economic growth of
the country and bring relief to the people. The Minister further added that
the CPEC will lay the foundation of robust power sector of Pakistan and
directed PPIB to vigilantly monitor the progress of all ongoing projects
besides other new projects so that they may not face any difficulty or
delay.
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Panel of Experts(POE) meeting was held
to review Supplementary Report on Updated Flows & Energy of 545 MW Kaigah
Hydropower Project
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29-MAY-2017 |
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PPIB ISSUES LOI TO 300 MW COAL POWER PROJECT AT GWADAR
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26-MAY-2017 |
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Private Power and Infrastructure Board (PPIB) has
issued Letter of Interest (LOI) to China Communications
Construction Company Ltd (CCCC) for development of 300 MW Imported
Coal-fired Power Project at Gwadar. This project is a component of flagship
China-Pakistan Economic Corridor (CPEC) initiative of the Governments of
China and Pakistan. The document was signed by Mr. Shah Jahan Mirza Managing
Director PPIB and from the company's side it was signed by Mr. Xu Jun, Vice
President of CCCC. M/s CCCC would develop the 300 MW power project utilizing
imported coal at Gwadar, Balochistan. The company will obtain tariff
approval from NEPRA and start construction after achievement of Financial
Closing. The said project has been approved by the Joint Cooperation
Committee (JCC) of CPEC and the PPIB Board for further processing.
Gwadar city is blessed with a warm-water, deep-sea port
situated on the Arabian Sea at Gwadar in Balochistan province of Pakistan.
The port features prominently in the CPEC framework, and is considered to be
a crucial link between the ambitious One Belt, One Road and Maritime Silk
Road projects. The economic activities foreseen at Gwadar in the near future
would require a reliable power supply.
With the addition of 300 MW Gwadar Power Project, the
portfolio of power generation projects being processed by PPIB has numbered
to nine coal based projects of 8220 MW and three hydro based projects of
2714 MW constituting aggregate total of twelve projects of 10934 MW under
the CPEC. From amongst the CPEC projects, the Honorable Prime Minister of
Pakistan has recently inaugurated the 1st unit (660 MW) of 1320 MW Sahiwal
coal based Power Project, whilst its 2nd unit of 660 MW is scheduled to come
online by December 2017.
PPIB is working as a leading institution of government
in bringing additional power generating capacity for improving energy mix in
power generation through blend of imported and indigenous fuel/resources for
upcoming IPPs. A number of hydro and local coal based power projects are
under development to cater the electricity requirements of the country on
long term basis, while imported coal based projects are being processed as a
reliable base load solution.
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PPIB BOARD APPROVES ISSUANCE OF LOI TO 878 KM
+ 660 kV HVDC MATIARI-LAHORE TRANSMISSION LINE PROJECT IN THE
PRIVATE SECTOR
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15-FEB-2017 |
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Islamabad, 15th
February, 2017: Numerous projects based on affordable fuels of coal, hydro
and RLNG are at final stages of completion to bridge the demand-supply gap
and future requirements. It was a challenge before the present Government to
arrange sufficient megawatts to meet our country's
electricity requirements but we did not only accept this challenge but opted
for a tougher choice of generating affordable electricity to accomplish our
promise to the nation. This was said by the Minister for Water and Power,
Khawaja Muhammad Asif while presiding over 109th meeting of Private Power
and Infrastructure Board held here today in the Ministry of Water & Power.
The Minister said that the current government believes in the policy of
facilitating investors, and extending full support to them for processing
and timely completion of their projects.
The Board was informed that the first
hydro power project in Khyber Pakhtunkhwa Province being developed by the
private sector under the CPEC and so far the largest hydro IPP in Pakistan
i.e. 870 MW Suki Kinari Hydropower Project has achieved financial close and
simultaneously started construction activities.
In order to ensure reliable and
sufficient power to the strategic area of Gawadar, the Board approved
processing of 300 MW Coal based Power Project at Gawadar which is being
developed by China Communication Construction Company (CCCC) and included in
the framework of China-Pakistan Economic Corridor (CPEC). Besides ensuring
energy supplies, due facilitation is also being extended by PPIB for
augmenting transmission network in the country to
transmit electricity from upcoming power projects.
In this regard, the Board granted approval to PPIB for
issuance of Letter of Interest to +660 kV High Voltage DC Matiari-Lahore
Transmission Line Project which is being developed by China Electric Power
Equipment & Technology Co. Ltd (CET) under the CPEC. This Project is not
only the first transmission line project being developed by the private
sector but it will also be the first ever HVDC transmission line in Pakistan
which features converter stations at both ends and grounding
electrode stations near Lahore and Matiari. The HVDC
transmission system offers many advantages for power transmission over
longer distances in terms of more transmission capacity, lesser losses and
cost effectiveness etc. This project will open a new horizon through
introduction of HVDC technology in Pakistan and provision of training and
development of skills for local professionals to implement and operate such
project in Pakistan in future. Simultaneously, the Board approved
Implementation Agreement (IA) and Transmission Services Agreement (TSA) for
submission to the ECC.
Earlier, ongoing power projects were
also reviewed the meeting in context to the overall electricity situation in
the country. The Managing Director PPIB Mr. Shah Jahan Mirza while briefing
the Board on the performance of PPIB stated that during the tenure of the
present government, PPIB is handling largest portfolio of its history
comprising thirty projects of more than 19000 MW. The Managing Director
further briefed the Board that PPIB is putting in untiring and unprecedented
efforts to meet the challenging and ambitious timelines of the current
government for addition of huge quantum of power generation capacity in the
national grid within few years to eliminate load shedding from the country.
This is evident from the fact that the target to commission 14000 MW in next
five years is double of the total capacity addition made during the 20 years
through PPIB's facilitation out of which 9000 MW
are expected to be materialized during next one and a half year.
The Minister and the Secretary Water
and Power in their concluding words appreciated the efforts of PPIB in
increasing energy security and achieving energy efficiency by optimal
expansion of integrated transmission & generation infrastructure and
remarked that PPIB's
performance is evident from the fact that PPIB has processed various
projects of around 12000 MW during the period of last one year which they
attributed a wonderful service for the country.
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SECURITY PACKAGE AGREEMENTS FOR
TWO 1650 MW COAL BASED POWER PROJECTS SIGNED |
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25-JAN-2017 |
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ISLAMABAD, 25th
January 2017: The Implementation Agreements (IAs) of two coal-based power
generation projects totalling 1650 MW were signed today at Ministry of Water
& Power for materializing the financing of around 2475 Million US$ as the
cumulative Projects cost. The IAs of 330 MW Thar Coal Power Project by
M/s Thar Energy Limited (TEL) and 1320 MW Power Project by M/s China Power
Hub Generation Company (Pvt) Ltd. (CPHGCL) were signed today.
Simultaneously, the Power Purchase Agreements (PPAs) of both the projects
were also signed. The Honorable Minister for Water & Power Khawaja Muhammad
Asif, Secretary Water & Power, senior officers of Ministry of Water & Power
and PPIB besides other high level officals representing the GoP and the
Projects witnessed the signings.
The 330 MW Power Project is based on
Thar Coal being developed at Thar Block-II with an investment of around 495
million US Dollars while 1320 MW Project is based on Imported Coal
which is being developed at Hub, Balochistan and will bring in investment of
around 1980 million US Dollars. Both projects being pursued by the PPIB
under the framework of China-Pakistan Economic Corrdior (CPEC) have already
been issued Letters of Support and are at advanced stages of Financial
Closure. The development pace on both projects is satisfactory, hence it is
anticipated that the 1320 MW Project is likely to start generation by end
2018 while 330 MW Project by end 2019. Both the projects have started
construction activities from their own equity.
The Minister
for Water & Power while addressing the media stated that the GoP is giving
priority to affordable generation through indigenous resources like coal and
hydro. However, currently the most focused area is Thar Coal on which the
investors are being encouraged to set up power plants. Projects in Thar, he
added will bring prosperity to people of the area by opening new economic
avenues. He said, while we are aiming to make available sufficient megawatts
by 2018 to eliminate load shedding, we are also planning capacity additions
beyond that period for long term basis. The Minister also stated that the
coal based power projects being established are utilizing latest
supercritical technology which is being introduced first time in the country
to address environmental constraints. All projects are required to get
clearance from respective environmental protection agencies before their
kick off.
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LARGEST HYDRO IPP ACHIEVES FINANCIAL CLOSE
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09-JAN-2017 |
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ISLAMABAD, 9th January 2017: With the efforts and facilitation of Private Power
and Infrastructure Board (PPIB), Pakistan has achieved another landmark by
declaring Financial Close of first hydro IPP under the framework of
China-Pakistan Economic Corridor (CPEC). 870 MW Suki Kinari Hydropower Project
achieved Financial Close after fulfilling mandatory prerequisites. The documents
have been executed by Mr. Shah Jahan Mirza, Managing Director, PPIB and Mr.
Haseeb Khan, Chief Executive of Suki Kinari Hydropower Project. The Honorable
Federal Minister for Water & Power Khawaja Muhammad Asif who is also the
Chairman of PPIB graced the occasion at a formal ceremony held at the Ministry
of Water & Power today.
This is the first hydro power project in Khyber Pakhtunkhwa Province being
developed by the private sector and so far the largest hydro IPP in Pakistan.
The construction activities at the site of project have already commenced and
the project is expected to start injecting 3081 GWh million clean, reliable and
affordable units of electricity each year to the national grid by 2022. Further,
the Government of Khyber Pakhtunkhwa will also receive a significant amount of
Rs. 1.3 Billion per annum as water use charges, while after thirty (30) years of
operations on Build-Own-Operate-Transfer (BOOT) basis under the Power Policy
2002, the Project will be transferred to the Government of Khyber Pakhtunkhwa at
a notional price of Rs. 1.
Suki Kinari Project is located on River Kunhar, a
tributary of River Jhelum, District Mansehra, in the eastern part of Khyber
Pakhtunkhwa between Naran and Paras towns. Khyber Pakhtunkhwa. M/s Al-Jomaih
Holding Company, (LLC) (Saudi Arabia), China Gezhouba Group Company (China)
and Haseeb Khan (Pvt) Ltd. (Pakistan) are Sponsors of the Project. Suki
Kinari Project is being developed with an investment outlay of US$ 1800
Million through Debt Equity ratio of 75:25%. The lenders for the Project
include Export-Import Bank of China, and Industrial and Commercial Bank of
China (ICBC)..
Minister for Water and Power stated that this latest development reflects GoP's
pledge to make CPEC a foundation for eliminating load-shedding and achieving
self-reliance through generating clean and affordable electricity in the
country. Setting up of hydro power projects will improve energy mix in the
country and reduce dependence on imported fuel resulting into saving of millions
of dollars of precious foreign exchange annually. The establishment of this
project will also be instrumental in generating economic activities as well as
creating employment opportunities for the people of the areas in particular and
will also entail improvement of the basic infrastructure in the vicinity which
will be helpful in the poverty alleviation of the people.
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NEWS/EVENTS
