PPIB board grants extension in financial closing dates

ISLAMABAD: The Board of Private Power Infrastructure Board (PPIB), headed by Minister for Power Awais Ahmad Khan Leghari, granted extension in financial closing dates of 1320MW Thar coal-based power project at Thar Block-I and 700MW Azad Pattan hydropower project.

The Board also allowed provision of revolving account facility for +660 kV HVDC Matiari-Lahore HVDC Transmission Line Project as was provided for power generation projects under the CPEC Agreement.

Addressing the 116th Board meeting which was also attended by “unauthorized” officials, the minister for power who purportedly dislikes the incumbent Managing Director Shah Jahan Mirza, announced that 1230MW RLNG based Power Project at Haveli Bahadur Shah has started generating power which has the world’s highest plant efficiency rate of 62.5% which is a great achievement of the current government.

Published in Business Recorder, 10th May, 2018