Karachi, August 06, 2022: The Private Power and Infrastructure Board (PPIB) is working on 21 different projects ranging from Hydro, Thar coal, RLNG to imported coal.
In this regard, PPIB is targeting to complete eleven IPPs of around 6,000 MW mostly based on hydro and Thar coal based electric power plants during 2022-24.
The gigantic target of PPIB would be to add 37,339 MW of renewable energy projects (Wind, Solar, Bagasse and Hydro) by 2030.
At present, PPIB is implementing two robust policy frameworks having market competitive incentives and simplified procedures for the investors.
The “Power Generation Policy 2015” and the “Policy Framework for Private Sector Transmission Line Projects 2015” were launched to attract new investments for development of new power generation projects and augmentation of transmission network in the country.
These policy frameworks have so far received overwhelming market response, by attracting many renowned local and international investors and lenders.
In near future, PPIB would be playing a critical role as Independent Auction Administrator (IAA) under Competitive Trading Bilateral Contract Market (CTBCM) Energy of the Government for turning the existing market from single buyer model to a Competitive Wholesale Power Market.
PPIB is aiming to undertake small hydropower projects under Tripartite Letter of Support (TLOS) regime so that share of clean and green electricity is increased in the overall energy-mix of country.
For overcoming transmission constraints, PPIB is planning to undertake additional transmission line projects in the private sector to make this segment reliable and efficient.
For the first time, comprehensive planning has been carried out in Pakistan in the form of the Indicative Generation Capacity Expansion Plan (IGCEP), which includes expansion planning studies which is updated annually in order to retain accuracy in the wake of changing dynamics.
PPIB is planning to process new hydro-based IPPs under International Competitive Bidding (ICB) mode in accordance with the findings of IGCEP study so that there is no situation of deficit or excess generation in the country.
It is pertinent to mention here that PPIB since its inception in 1994 has a track record of attracting around $23 billion of investment with the establishment of forty IPPs totaling 18,211 MWs and a mega High-Voltage Direct Current (HVDC) transmission line project in the country.
This constitutes around 50 percent of installed power generation capacity in the country.