IA for RLNG-based power projects approved by PPIB

The Private Power and Infrastructure Board (PPIB) Thursday approved the Implementation Agreement (IA) for RLNG-based power projects in public sector.

This is part of the Clean, Affordable and Reliable Energy (CARE) initiative of the government of Pakistan to address the energy shortfall through import of RLNG for power generation.

In this respect, three power plants of approximately 3,600 MW are being developed, of which two projects to be located at Balloki and Haveli Bahadur Shah are being processed in the public sector by the federal government while the third one Bhikki is being developed through Punjab government.

As per government decision, these public sector projects will be set up under independent companies in order to bring in efficiency and transparency in operations. Accordingly, such projects will be facilitated by PPIB in IPP mode. –PR

Business Recorder