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PPIB attracts $16.7b investment

The minister was told that the PPIB was currently processing the most diversified portfolio of its history

Our Correspondent November 01, 2018

The minister was told that the PPIB was currently processing the most diversified portfolio of its history. PHOTO: FILE

ISLAMABAD: Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza has said that the PPIB has so far attracted investment of $16.7 billion through the commissioning of 37 power generation projects of around 15,500-megawatt capacity.

He stated this while giving a briefing to Minister for Power Omar Ayub Khan, who chaired on Wednesday the 119th board meeting of the PPIB, which was his first after assuming charge.

The minister was told that the PPIB was currently processing the most diversified portfolio of its history which comprised 25 projects of more than 14,000MW. It was pointed out that currently more than 50% of electricity was fed into the national grid by the private sector.

Pakistan asked to produce 30% of power from renewable sources

Earlier in July, the then federal minister for power division Ali Zafar underscored the need for exploiting further the domestic resources and lessening reliance on imported fuel for power generation to save foreign exchange.

Published in The Express Tribune, November 1^st, 2018.

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