ISLAMABAD - Federal Minister for Water & Power Khawaja Muhammad Asif on Thursday said that private sector projects of 5155MW will achieve financial close by the end of year 2015.

Asif, while chairing the 102nd meeting of the Board of Private Power and Infrastructure Board (PPIB), said that the government is making every effort to increase electricity supply to the national grid through all possible avenues, including private sector.

The private sector power projects which are expected to achieve financial close this year are 102MW Gulpur Hydropower Project at Poonch River, Azad Jammu & Kashmir, 720MW Karot Hydropower Project at Jhelum River, District Rawalpindi, 870MW SukiKinari Hydropower Project at Kunhar River, Mansehra, Khyber Pakhtunkhwa, 1320MW Port Qasim Coal based Power Project at Port Qasim, 660MW EngroPowergen Coal based Power Project at Thar Block-II, Sindh, 1320MW Shandong Imported Coal based Power Project at Qadirabad, Sahiwal and 163MW Grange Holdings Coal based Power Project at Arifwala, Punjab.

The said projects have local and foreign investments where investors from China, Korea, Qatar and Saudi Arabia have large equity contributions in these projects.

Different ongoing private power projects were also discussed in the meeting in context to the overall electricity situation in the country. The Board was briefed on coal and hydel based private power generation projects being handled by PPIB, particularly the projects being processed under China-Pakistan Economic Corridor.