Three power projects of 600 MW capacity, currently being processed by the Private Power Infrastructure Board, have been scheduled to start generation within a year to help minimise demand-supply gap, official sources told Business Recorder.
The PPIB is working on 58 multiple fuel (oil, coal, gas and hydel) projects having a cumulative capacity of 14,273 MW which are on different stages of completion and their expected commissioning is to start from 2008 and 2016, envisaging an investment of about $13 billion. These three include Attock Generation, Orient Power and Sheikhupura Atlas power projects.
The sources said that Letters of Interest (LoIs) have been issued to 35 projects with a cumulative capacity of 9,615 MW; Letters of Support (LoSs) issued to 14 projects totalling 2,590 MW, while implementation agreements (IAs) have been signed with 12 projects of 2,337 MW. These projects include 225 MW Orient Power, 225 MW Sapphire Power, 225 MW Saif Power, 165 MW Attock Gen, 202 MW Fauji Mari, 200 MW Nishat Chunian, 200 MW Nishat Power, 225 MW Atlas Power, 134 MW Star Power, 225 MW Halmore Power, 227 MW Engro Power and 84 MW New Bong Hydro Power Project. Moreover, IA of 179 Gulf power is ready for signing.
A number of companies have also concluded the Direct Implementation Agreements (DIAs) with their lenders, while eight IPPs of 1,667 MW capacities namely Orient Power Project, Sapphire Power Project, Fauji Mari Project, Attock Gen, Saif Power, Nishat Power Project, Nishat Chunian Power Project and Atlas Power Project have achieved financial closure.