Solar panel PV projects: PPIB seeks fixed interest/ mark-up rate on CDLs

power-tariff

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has sought fixed interest/mark-up rate on Cash Development Loans (CDLs) for three solar panel PV projects to be established in South Punjab, official sources told Business Recorder. The PPIB, in a letter to Power Division referred to the acquisition of land for the development of large utility-scale solar PV projects under the Framework…

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Financial close: PPIB board grants 4-month extension to Turkish firm

PPIB-Zorlu

ISLAMABAD: The Board of Private Power and Infrastructure Board (PPIB) has granted extension of four months to Turkish firm M/s Zorlu Solar Pakistan Limited (ZSPL) in financial close without doubling the Performance Guarantee (PG), well-informed sources told Business Recorder. ZSPL, in its letter of November 16, 2023 requested the PPIB for grant of four-month extension in the FC date under the…

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Gwadar coal-fired project: Inter-ministerial committee formed to review progress

cpec

ISLAMABAD: The government is said to have constituted an inter-ministerial committee to review the progress of the 300 MW coal fired project at Gwadar and suggest a way forward to expedite the project or suggest an alternative source of power supply to Gwadar area if Chinese company fails to renew Performance Guarantee (PG) by March 21, 2024, well-informed sources told Business…

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NEPRA awards 10-Year Licence to PPIB to run power auctions in Pakistan

Nepra-KE-1

ISLAMABAD: The National Power Regulatory Authority (NEPRA) has granted a 10-year licence to the Private Power & Infrastructure Board (PPIB) to act as an independent auction administrator (IAA) in the country’s power sector. The licence will allow PPIB to implement a competitive market regime, known as the Competitive Trading Bilateral Contract Market (CTBCM), to procure electricity through transparent and efficient…

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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’

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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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