Functions of PPIB

MISSION STATEMENT: To promote and facilitate private sector participation in the Pakistan Power Sector in an efficient, fair and transparent manner, with coherent efforts of key stakeholders, in line with the Private Power Policies of GOP and the electricity demand/supply projections after taking into account the planned public sector power projects.
-- To implement the power policies, award projects to sponsors or private power companies, prepare all necessary or appropriate documentation, execute any of such documentation with private power companies, their sponsors, lenders and, whenever necessary or appropriate, other interested parties;
-- To recommend and facilitate development of power policies;
-- To take decisions on matters pertaining to power and related infrastructure projects set up by private sector or through public-private partnership, and other issues pertaining thereto;
-- To co-ordinate with the Provincial Governments, local governments, Azad Jammu and Kashmir (AJ and K) and regulatory bodies in implementation of the power policies, if so required;
-- To coordinate and facilitate the sponsors in obtaining consents and licenses from various agencies of the Federal Government, provincial governments, local governments and AJ and K;
-- To work in close co-ordination with power sector entities and play its due role in implementing power projects in private sector or through public-private partnership as per power system requirements;
-- To function as a one-stop organisation on behalf of the Federal Government and its Ministries, Departments and agencies in relation to private power companies, their sponsors, lenders and whenever necessary or appropriate, other interested parties;
-- To draft, negotiate and enter into security package documents or agreements and guarantee the contractual obligations of entities under the power policies;
-- To execute, administer and monitor contracts;
-- To prescribe and receive fees and charges for processing applications, and deposit and disburse or utilise the same, if required;
-- To obtain from sponsors or private power companies, as the case may be, security instruments and encash or return them, as deemed appropriate;
-- To co-ordinate with the provincial governments and regulatory bodies in implementation of the power policies, if so required;
-- To act as agent for development, facilitation and implementation of power policies and related infrastructure in the Gilgit Baltistan areas and AJ and K;
-- To open and operate bank accounts in local and foreign currencies as permissible under the laws of Pakistan;
-- To commence, conduct, continue and terminate litigation, arbitration or alternate dispute resolution mechanisms at whatever levels may be necessary or appropriate, and hire and pay for the services of lawyers and other expertrs therefor;
-- To perform any other function or exercise any other power as may be incidental or consequential for the performance of any of its functions or the exercise of any of its powers, or as may be entrusted by the Federal Government.