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NEWS/EVENTS |
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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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AFFORDABLE POWER GENERATION TOP PRIORITY OF GOVERNMENT |
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04-OCT-2016 |
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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
Valley.
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.
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Private Power and Infrastructure Board & Power Universal
Investment Co. Ltd,
Dubai UAE executed Letter of Support
for development of 640 MW Azad-Pattan
Hydropower Project
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30-Jun-2016 |
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Islamabad, 30th June
2016: Private Power and Infrastructure Board (PPIB) and Power Universal
Investment Co. Ltd, Dubai UAE, a subsidiary of China Gezhouba Group Company
Limited today executed Letter of Support (LOS) for development of 640 MW
Azad-Pattan Hydropower Project. Execution/Signing of the LOS will lead to
further development, financing, construction and subsequently operation of
the Project.
640 MW Azad-Pattan Hydropower Project
is a run of the river hydropower project located on River Jhelum on dual
boundary of AJ&K and Punjab having capability to generate clean, reliable
and affordable 3.075 Billion units of electricity per year to the national
grid. The Project is located very close to the load center and will be
connected to the national grid through 500 kV transmission line.
As the Government attaches top
priority to generate electricity at affordable prices utilizing indigenous
resources like coal and hydro, this project assumes further importance. In
line with the policy of the government, PPIB is handling & facilitating the
development of this Project for its timely completion to meet the future
energy requirements.
This Project is being developed by Power Universal
Investment Co. Ltd, Dubai UAE, a subsidiary of China Gezhouba Group Company
Ltd. and Laraib Group at Pakistan. The Project
will be implemented on Build-Own-Operate-Transfer (BOOT) basis under the
provisions of Power Policy 2002.
After commissioning, the Project
Company will operate and maintain the Project for thirty (30) years after
which it will be transferred to the Government of AJ&K at a notional price
of one (01) Rupee. Further, during operation and maintenance of the Project,
the Government of AJ&K/Punjab will receive Rs.1306 Million every year on
account of water use charges which would be shared equally between GoAJ&K
and Punjab. After transfer of the Project to AJ&K, the GoPunjab will receive
full amount of water use charges i.e. Rs.1306 Million/annum.
PPIB is
processing hydropower projects with a cumulative capacity of around 6400 MW
through private sector which are at various stages of development.
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STANDARD IMPLEMENTATION AGREEMENT FOR
R-LNG BASED POWER
PROJECTS APPROVED |
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09-Jun-2016 |
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Islamabad, 9th June, 2016: The Private Power and
Infrastructure Board (PPIB) today approved the Implementation Agreement (IA)
for R-LNG based Power Projects in Public Sector. This is part of the Clean,
Affordable and Reliable Energy (CARE) initiative of the Government of
Pakistan to address the energy shortfall through import of R-LNG for power
generation. In this respect, three power plants of approximately 3600 MW are
being developed, of which two projects to be located at Balloki and Haveli
Bahadur Shah are being processed in the public sector by the federal
government while the third one Bhikki is being developed through Punjab
government.
As per government decision, these public sector projects
will be set up under independent companies in order to bring in efficiency
and transparency in operations. Accordingly, such projects will be
facilitated by PPIB in IPP mode. The Power Purchase Agreement (PPA)
developed by Central Power Purchasing Agency (Guarantee) Limited (CPPAGL)
has already been approved by the Economic Coordination Committee (ECC). In
today's meeting, the Board reviewed the draft IA
for final approval of ECC. This is a major initiative of the Government to
eliminate load shedding through clean and affordable energy. The meeting was
chaired by the Federal Minister for Water & Power and attended by Secretary
Water & Power, Managing Director PPIB and other high level federal and
provincial government officials. The ongoing Private Sector Power Projects
were reviewed and it was agreed that for future, PPIB should process power
projects on indigenous fuels like local coal and hydropower. It was advised
by the Board that the ongoing hydropower projects be expedited and their
progress be monitored so that they can come online in a minimum time.
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