To cover existing shortfall of energy in the country, the Board of Private Power and Infrastructure Board (PPIB) went to one step ahead from rules and regulations and allowed Khyber Pakhtunkhwa (KP) government to process three hydropower projects of 474 MW.
The PPIB Board 86th met under the chairmanship of Federal Minister for Water and Power Raja Pervez Ashraf here on Monday.
As per request of the KP government, the meeting decided to allow KP government to process three hydropower projects namely 132 MW Shogosin, 144 MW Shushgai Zhendoli and 197 MW Kalam Asrit, out of which the feasibility studies of the first two projects have been conducted with the assistance of the Asian Development Bank. The KP province will develop these projects through their own resources. The representative of the KP present in the meeting conveyed that they intend to materialize these projects on a fast track basis.
It is important to mention that the provincial governments can initiate only up to 50 MW capability.
The Board was informed that UCH-II Power Project based on indigenous Low BTU Gas is advancing satisfactorily, its security package agreement will be signed soon and it is expected to achieve its Financial Close in March this year.
Pervez Ashraf has advised the PPIB to hold a national debate through a seminar of national and international experts, politicians, academia and subject specialists from all walks of life for seeking an out of the box solution to the energy issues being faced by the country.
The minister further stated that the government is prioritizing its local resources like coal and hydropower. The groundbreaking of hydro IPP M/s Patrind hydropower is expected this month. To encourage hydropower in the private sector, and to improve energy mix in the country, the government is providing its full support to the investors.
While reviewing the progress of private sector power projects under various stages of construction, the Minister stated that the most critical challenge present government has faced since its accession to power is the power shortfall situation which he said we are addressing with multifarious approach. He conveyed that 800 MW will be injected into the national grid by private sector during current year out of which some projects are already under test runs.
The PPIB Board 86th met under the chairmanship of Federal Minister for Water and Power Raja Pervez Ashraf here on Monday.
As per request of the KP government, the meeting decided to allow KP government to process three hydropower projects namely 132 MW Shogosin, 144 MW Shushgai Zhendoli and 197 MW Kalam Asrit, out of which the feasibility studies of the first two projects have been conducted with the assistance of the Asian Development Bank. The KP province will develop these projects through their own resources. The representative of the KP present in the meeting conveyed that they intend to materialize these projects on a fast track basis.
It is important to mention that the provincial governments can initiate only up to 50 MW capability.
The Board was informed that UCH-II Power Project based on indigenous Low BTU Gas is advancing satisfactorily, its security package agreement will be signed soon and it is expected to achieve its Financial Close in March this year.
Pervez Ashraf has advised the PPIB to hold a national debate through a seminar of national and international experts, politicians, academia and subject specialists from all walks of life for seeking an out of the box solution to the energy issues being faced by the country.
The minister further stated that the government is prioritizing its local resources like coal and hydropower. The groundbreaking of hydro IPP M/s Patrind hydropower is expected this month. To encourage hydropower in the private sector, and to improve energy mix in the country, the government is providing its full support to the investors.
While reviewing the progress of private sector power projects under various stages of construction, the Minister stated that the most critical challenge present government has faced since its accession to power is the power shortfall situation which he said we are addressing with multifarious approach. He conveyed that 800 MW will be injected into the national grid by private sector during current year out of which some projects are already under test runs.
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