PPIB attracts $9.4bn foreign investment so far

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has attracted around $ 9.4 billion investment so far.

Official sources told APP, the PPIB had successfully managed to induct 31 independent private power projects (IPPs) of about 9071 MW worth $ 9.4 billion investment.

They said PPIB is a "One Window" facilitator to the private investors in the field of power generation on behalf of the Government of Pakistan (GOP).

They said the PPIB attracted leading international/local investors and lenders to the Pakistan's Power Sector and currently IPPs are around 50% of the country's total installed generation capacity.

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

Similarly, Sahiwal power project has recently been commissioned and was supplying electricity to the national grid station.

Construction activities on 1320 MW PQEPCL and 660 MW Engro Powergen Thar Limited has also started.