Tag: PPIB

Electricity Consumption Drops 3.6% in Jul–Mar FY25 Amid Rising Tariffs, Solar Shift

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Power

ISLAMABAD: Pakistan’s electricity consumption fell by 3.6% during the first nine months (July–March) of FY2024–25, reaching 80,111 GWh compared to 83,109 GWh in the same period last year, according to the Economic Survey 2024–25. The decline is attributed to subdued industrial activity, elevated power tariffs, energy conservation drives, and increased adoption of off-grid solar solutions. Despite the overall decline, the household sector’s share rose to 49.6% (39,728 GWh), reflecting steady residential demand, while industrial consumption dipped to 21,082 GWh, down from 22,031 GWh. Electricity use in agriculture dropped sharply by…

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PPIB Seeks Sindh Govt’s Intervention in UEPL Lease Payment DelayPending Bank Challans Hindering Second-Term Land Lease Rental Payment

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Power genration

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has urged Chief Secretary Sindh to intervene in the delayed issuance of bank challans required for the second-term land lease rental payment of UEP Wind Power Private Limited (UEPL). In a letter to the Chief Secretary, PPIB Managing Director Shah Jahan Mirza referenced UEPL’s February 27, 2025, request, highlighting prolonged delays despite multiple follow-ups with relevant authorities. UEPL, a *99MW wind power project under the China-Pakistan Economic Corridor (CPEC) framework, signed an *Energy Purchase Agreement (EPA) with the Central Power Purchasing Agency…

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KE Urges PPIB to Expedite NTDC Feedback on Cat-III Wind Projects

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power-subsidy

ISLAMABAD: K-Electric (KE) has called on the Private Power and Infrastructure Board (PPIB) to obtain feedback from the National Transmission and Distribution Company (NTDC) regarding the status of Category-III (Cat-III) wind projects, including the submission of the Request for Proposal (RFP) to the National Electric Power Regulatory Authority (Nepra). In a letter to PPIB Managing Director Shah Jahan Mirza, KE’s Chief Strategy Officer, Shaab Qader Khan, emphasized the urgency of including 480 MW of wind capacity—300 MW for Cat-III wind projects and 180 MW for other wind projects—into the Indicative…

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PPIB Set to Extend LoIs for Three Solar PV Projects by 12 Months

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solar-panel

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 Siddiquesons Solar Limited, are set to be extended due to the ongoing competitive bidding process required for these projects. Despite not being included in the draft IGCEP 2024, the extensions…

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PPIB Seeks Forex Allocation for International Arbitration Expenses with SHPL

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PPIB-Zorlu

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 in a May 18, 2022, award against NTDC. The verdict required NTDC to pay Rs2,019,318,458 for delayed invoices plus interest (KIBOR plus 4.5%), $16,452,807 as damages, $2,272,240 in legal costs,…

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