PR No.87 PPIB Board Approved Extension in Financial Close Deadline of +660 kV HVDC Matiari-Lahore Transmission Line and other Projects Islamabad: March 14, 2018

Government of Pakistan realizes the importance of transmission lines in complimenting the upcoming power generation projects. Current transmission network needs to be strengthened and made reliable to support government aim of achieving sustainability in the system. The Minister for Power Sardar Awais Ahmed Khan Leghari expressed these views while chairing the 115thmeeting of the Private Power and Infrastructure Board (PPIB) held here today. He emphasized that the GoP is working on upgrading the existing transmission network to make it more reliable and efficient and NTDC has been asked to take the necessary measures. At the same time private sector is being encouraged to contribute in network expansion. As a result, so far, Pakistan’s first ever HVDC Transmission Line project has already been initiated in the private sector under China-Pakistan Economic Corridor (CPEC) while several other projects are being planned to launch through international competitive bidding. The Managing Director PPIB Mr. Shah Jahan Mirza briefed the Board on various projects being implemented by PPIB under the CPEC. In today’s meeting, the Board approved extension in Financial Close deadline of+660 kV HVDC Matiari-Lahore Transmission Line being processed under the CPEC. The Board also allowed extension in Financial Close deadlines of thar coal based power projects being processed under CPEC which include 330 MW Project by thar Energy Limited and 330 MW Project by Thal Nova Thar Pvt. Ltd. The Minister said that the current government believes in the policy of facilitating investors, and extending full support to them for processing and timely completion of their projects. The Managing Director PPIB Mr. Shah Jahan Mirza while briefing the Board on the performance of PPIB stated that extensive efforts are being done to cultivate Thar coal and hydro potential for power generation. Mr. Mirza briefed the Board that PPIB is successfully meeting the challenging and ambitious timelines of the current government for addition of huge quantum of power generation capacity in the national grid which is evident of the fact that within a period of less than one year, two projects of 1467 MW have started commercial operations while another four projects of 5000 MW cumulative power capacity have achieved partial commissioning as well. The Minister remarked that sustainability in power system is a must to do task of the GoP next to balancing the demand-supply situation. Merely, providing additional megawatts would not be sufficient to gain real goals. Pakistan’s future lies in the indigenous and renewable energy for which serious efforts are being put in. National Electricity Plan and a new Energy Policy are steps to consolidate these efforts which will act as a guide for future capacity expansions as well as choice of fuels etc. The meeting was attended by Minister of State for Power Ch. Abid Sher Ali, Mr. Yousaf Naseem Khokhar, Secretary Ministry of Energy (Power Division), Mr. Arif Ahmed Khan, Secretary Ministry of Finance, Mr. Shoaib Ahmad Siddiqui, Ministry of Planning, Development & Reform, Lieutenant General Muzammil Hussain, Chairman WAPDA representatives of Ministry of Energy (Petroleum Division), Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan provinces and AJ&K, a private sector member, besides, Executives Director and Directors of PPIB and other senior government officials. ***** ?

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