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PPIB allows extension in deadlines

By Our Correspondent
March 15, 2018

ISLAMABAD: Private Power and Infrastructure Board (PPIB) on Wednesday granted extension in financial close deadlines for three energy projects, including two 660 megawatts coal-based power plants.

The board approved extension in financial close deadline of 660-kilovolt high-voltage direct current (HVDC) Matiari-Lahore transmission line being processed under the China-Pakistan Economic Corridor (CPEC) projects, a government statement said. The board also allowed extension in financial close deadlines of Thar coal-based power projects being processed under CPEC, which include 330MW project by Thar Energy Limited and 330MW project by Thal Nova Thar Pvt. Ltd.