Letters of Interest: PPIB issues LoI for six coal-based projects

More under process, says water and power minister.

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has issued Letters of Interest (LOIs) for six coal-based power projects having total capacity of 3,449MW so far. This was stated by Minister for Water and Power Khawaja Muhammad Asif while chairing the 100th PPIB board meeting on Thursday.

“All resources are being utilised to achieve self-sufficiency in power generation and LOIs for another five of 4,740MW are under process,” he said.

“Besides coal, hydel, wind, solar and nuclear resources, the government is also optimising R-LNG, which is another vital source of generating cheap electricity.”

The on-going private power projects were also discussed in the meeting in context of the overall energy situation of the country. PPIB’s MD briefed the board on coal- and hydel-based projects being handled and how they were in the process of development.

He further said that the standardised security packaged documents comprising of the Implementation Agreement and the Power Purchase Agreement for the coal power projects have been prepared by the PPIB.

Furthermore, as per the decisions of the Economic Coordination Committee and the Cabinet Committee on Energy, PPIB has drafted a new investor-friendly Power Generation Policy for 2015 with comments from all stakeholders, which accommodates new fuel provisions like coal and R-LNG for power generation. 

Published in The Express Tribune, March  13^th,  2015.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.