ISLAMABAD: The Private Power and Infrastructure Board (PPIB) is preparing to extend Letters of Intent (LoIs) for 12 months for three category-III solar PV projects. The decision was made during a recent Projects Committee meeting, chaired by the Additional Secretary of the Planning Division. The LoIs, initially issued to RE Solar I (Pvt) Limited, RE Solar II (Pvt) Limited, and…
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ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has requested foreign exchange to cover outstanding expenses related to international arbitration with M/s Star Hydropower Limited (SHPL). The Government of Pakistan is currently facing significant litigation challenges in this matter. PPIB Managing Director Shahjahan Mirza stated that SHPL initiated arbitration against NTDC at the London Court of International Arbitration (LCIA), resulting…
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ISLAMABAD: Prime Minister Shehbaz Sharif has instructed the Power Division to formulate a comprehensive solution for resolving the longstanding receivables and payments between K-Electric (KE) and various government entities and departments. This directive came during a recent meeting addressing multiple power sector issues, sources told Business Recorder. The Power Division will work closely with the Cabinet Division and NEPRA to…
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ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has called on the State Bank of Pakistan (SBP) to allocate $758 million for foreign payments of power projects, many of which are under the China-Pakistan Economic Corridor (CPEC) framework. Managing Director of PPIB, Shah Jahan Mirza, in a letter to SBP Governor Jameel Ahmed, highlighted concerns from Independent Power Producers (IPPs)…
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The Private Power and Infrastructure Board (PPIB) anticipates that the completion of KE’s 220 kV Dhabeji Grid Station and the NTDC transmission line will alleviate power curtailments for existing wind projects. Wind Independent Power Producers (WIPPs) recently highlighted increasing curtailments, primarily attributed to low local demand in the HESCO area and system-wide transmission constraints since 2022. PPIB notes that compensation…
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The Private Power and Infrastructure Board (PPIB) has recommended imposing a 10 percent duty on the import of solar PV modules for the next 10 years and beyond. This proposal aims to boost domestic manufacturing of PV panels, as per sources familiar with the matter. The proposal, part of the “Solar Panel & Allied Equipment Manufacturing Policy 2024” draft, suggests…
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ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has asked Saudi Arabia to expedite finalization of Government to Government (G2G) framework agreement, enabling both countries to proceed towards commercial agreements and tariffs on about a dozen projects, well-informed sources told Business Recorder. A high-level Saudi delegation led by the Foreign Minister visited Pakistan during the third week of April and…
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The Private Power & Infrastructure Board (PPIB) has expressed its readiness to assist Saudi company M/s ACWA in establishing solar projects totaling 1200 MWp in South Punjab. According to sources, PPIB Managing Director Shah Jahan Mirza informed the Special Secretary SIFC that the draft Inter-Governmental Framework Agreement (IGFA) between the Governments of Saudi Arabia and Pakistan for cooperation and development…
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ISLAMABAD: In a public-private dialogue organized by the Sustainable Development Policy Institute (SDPI) as part of its Clean Energy Transition Programme, experts discussed the need for innovative financing and technological advancements to facilitate a just and clean energy transition in Pakistan. Titled “Beginning of the End: Transitioning away from Coal – Forging an Orderly, Equitable, and Just Energy Transition in…
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The Private Power Infrastructure Board (PPIB) is set to convene a meeting tomorrow to assess the status of the Azad Pattan Hydropower Project, a 770.7 MW venture located on the River Jhelum, jointly developed by a Chinese company. The project, spearheaded by Azad Pattan Power Pvt Limited (APPL), a subsidiary of China Gezhouba Group, has faced delays, prompting the PPIB…
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