PPIB attracts $9.4bln foreign investment

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has attracted around $9.4 billion investment so far. Sources told APP, the PPIB had successfully managed to induct 31 independent private power projects (IPPs) of around  9,071MW worth $9.4 billion investment.

The Private Power and Infrastructure Board is a "one-window” facilitator to the private investors in the field of power generation on behalf of the government of Pakistan, the sources said.

The Private Power and Infrastructure Board attracted leading international / local investors and lenders to the Pakistan's power sector and currently independent private power projects are around 50 percent of the country's total installed generation capacity.

New Bong Hydropower Project (84MW), the first hydro independent private power project in the country had already been commissioned, while financing agreements for 870MW Suki Kinari has also been signed with the lenders.

Similarly, Sahiwal power project had recently been commissioned and is supplying electricity to the national grid. Construction activities on 1,320MW PQEPCL and 660MW Engro Powergen Thar Limited has also started, the sources added.