AEDB formally merged with PPIB
“Pakistan and China are a perfect match for collaboration on renewable energy (solar PV) as China is a globally known giant in renewable energy technology, while Pakistan needs to move away from thermal for power generation,” stated a KTrade Securities solar PV industry report. PHOTO: CHINA ECONOMIC NET
The Alternative Energy Development Board (AEDB) has formally merged with Private Power and Infrastructure Board (PPIB).
Upon promulgation of the Private Power and Infrastructure Board (Amendment) Act, 2023 notified through the Gazette of Pakistan, Extraordinary, Part-1, as an Act No XXVI of 2023 dated June 10, 2023, AEDB has merged with PPIB, consequently, the AEDB Act, 2010 (Act XIV of 2010) stands repealed/dissolved henceforth, said a statement issued here on Monday.
“We are confident that this merger will pave the way to enhance operational efficiency and facilitation of investors by extending a true one-window facility for smooth and seamless development and processing of power projects of all technologies including Alternative and Renewable Energy (ARE) projects by PPIB as a one entity on behalf of the Government of Pakistan,” it further said.
PPIB Managing Director Shah Jahan Mirza said that the whole team is excited to take fresh responsibility as a challenge for achieving new horizons of excellence and fully poised to harness the indigenous, alternative, and renewable potential of the country for powering Pakistan with clean, green, and sustainable electricity.