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4250 MW coal based private power projects given go-ahead

Islamabad, July 02, 2014 (PPI-OT): Approval was given for processing of power projects totalling 4250 MW based on coal in the 96th meeting of the Board of PPIB held here today under the chairmanship of Federal Minister for Water and Power Khawaja Muhammad Asif.

Private Power and Infrastructure Board has received a very encouraging response from the private sector where prominent local and international investors have shown interest in developing coal based power projects in the country at locations other than Gadani Power Park as well.

These include HUBCO (660MW), Global Benefit Malaysia (660MW), Giga Energy (420MW), Yunus Brothers/Lucky Cement (660MW), Asiapak Hong Kong (2x660MW), Siddiqsons Group (330MW) Asia Petroleum (200MW).

These power plants are proposed at various locations that includes Hub, Port Qasim, Karachi coastal area, Faisalabad, Gharo and Jamshoro. In addition to these, Sino Sindh Resources having China Power International as partners, and Thar Power Company, which is a joint venture of Engro Energy and Government of Sindh have shown interest in developing 2x600MW and 2x330MW power plants respectively at Thar.

The Board today approved the processing of these projects after completion of the required formalities. The Minister assured that the Government was committed to provide uninterruptible cheap power to the people of Pakistan and is working on all avenues to achieve its objective.

The Minister informed that in order to evacuate power from the upcoming IPPs the Government is inviting private sector for construction of transmission lines, and the policy in this regard is expected to be announced shortly.

The Board was also briefed that PPIB is constantly monitoring early implementation of the hydropower projects included in the – early harvest projects – priority list of the China Pakistan Energy Corridor. These include 870MW Sukki Kinari hydropower project, 720MW Karot hydropower project and 1100 MW Kohala hydropower project.

Keeping in view the importance being accorded to projects based on indigenous resources, Letter of Support was extended today for the 100MW Gulpur Hydropoer Project located at Poonch River near Kotli, Azad Kashmir.

Under the Chairmanship of Khawaja Muhammad Asif, the meeting was attended by Ms. Nargis Sethi, Secretary Water and Power, Mr. Zafar Mahmood, Chairman WAPDA, Mr. Sohail Akbar Shah, Additional Secretary Ministry of Water and Power/Managing Director PPIB, Mrs. Azra Mujtaba, Additional Secretary Ministry of Finance, representatives of Ministry of Petroleum and Natural Resources, Federal Board of Revenue, Punjab, Sindh and Khyber Pakhtunkhwa provinces, AJ and K, Gilgit-Baltistan and FATA, private sector member, besides Executives Directors and Directors of PPIB and other senior government officials.

For more information, contact:
Private Power and Infrastructure Board
50 Nazimuddin Road,
F7/4, Islamabad, Pakistan
Tel: +92 (51) 9100118-129
Fax: +92 (51) 9100131, +92 (51) 9100132
Email: ppib@ppib.gov.pk

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