Wind, solar projects: PPIB seeks details of LoIs issued by Punjab, Sindh

wind-energy

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has sought details of Letters of Intent (LoIs) of wind and solar projects issued by the gvernments of Punjab and Sindh, well-informed sources told Business Recorder. Managing Director, PPIB, Shah Jahan Mirza, in letters to Secretary Energy Department, Sindh and Secretary Energy Department, Punjab, has cited the reference to the Cabinet Committee on…

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Govt bans issuance of LOIs for hydropower projects

Karot-Hydropower

ISLAMABAD: The Federal government has reportedly slapped ban on issuance of Letters of Interest (LoIs) for hydropower projects with immediate effect and till issuance of guidelines for future, besides starting a probe of business of sale/ purchase of LoIs, sources close to Managing Director PPIB told Business Recorder. Sharing the details, sources said, Executive Committee (EC) of the Special Investment Facilitation…

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Coal power project at Gwadar: Chinese firm shows ‘conditional’ willingness to commence work

thar-coal-power

ISLAMABAD: Chinese firm, CIHC Pak Power Company (Pvt) Limited (CPPCL) is said to have shown willingness to commence work on 330 MW imported coal power project at Gwadar with stringent conditions, to be met by the Private Power & Infrastructure Board (PPIB) and National Electric Power Regulatory Authority (NEPRA), well-informed sources told Business Recorder. This project has been firmed up, after…

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Energy projects sans Chinese IPPs: PPIB resubmits transition from LIBOR to ‘SOFR’

power-gride

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has resubmitted the transition from LIBOR to SOFR for energy sector projects sans Chinese IPPs, with the observation that due to manipulation of several financial institutions and weakness in governance oversight of LIBOR as benchmark rate, the Federal Reserve’s Alternative Reference Rate Committee’s recommended SOFR as benchmark rate is more resilient and…

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PPIB extends LoI of Mahl HHP to Dec 31, 2024

ppib

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has extended Letter of Interest (LoI) of 640-MW Mahl Hydropower Project till December 31, 2024 subject to the condition that the Company shall keep the Bank Guarantee valid for three months beyond the allowed period of extension of the LoI, official sources told Business Recorder. During a recent meeting of PPIB Board, MD PPIB,…

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Change of power purchaser: PPIB forms tech body to ascertain pros, cons

Power-distribution

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has constituted a seven-member special technical committee to take a global view to ascertain whether the government of Pakistan (GoP), as shareholder of its entities, will be better off in financial terms, if power purchaser of 300-MW coal project of M/s Siddiqsons Energy Limited (SEL) is changed from CPPA-G to KE, sources…

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SC moved against PPIB (amendment) Act

Matiari-Lahore

ISLAMABAD: The Supreme Court has been urged to declare the Private Power and Infrastructure Board (Amendment) Act, 2023, repugnant to the constitution; hence quashed as void abinitio. Saeeda Begum, on Wednesday, filed a petition under Article 184(3) of the constitution and cited the federation through the secretary Establishment, the federal government through secretary Ministry of Energy, chairman National Energy Power…

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PPIB Decides to Drop Litigations Against IPPs on Reciprocal Basis

power-gride

Confidential Power and Framework Board (PPIB) has apparently chosen to pull out all suits/prosecution against Free Power Makers (IPPs) dependent upon corresponding activity by them, all around informed sources told Business Recorder. PPIB’s Ventures’ Panel, sources said, has presented its suggestions to the Leading body of PPIB headed by Secretary Power, for conclusive endorsement. Overseeing Chief PPIB Shah Jahan Mirza…

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