ISLAMABAD -  The Private Power Infrastructure Board (PPIB) has approved processing of 1,250MW RLNG-based power generation project near Trimmu Barrage in District Jhang, Punjab.

The decision was taken by 111th meeting of PPIB held here on Wednesday. Federal Minister for Power Sardar Awais Ahmed Khan Leghari presided over the meeting. Leghari said that the government is assessing the power sector issues in its entirety and will soon come up with a comprehensive plan for future course of action. He said that the Power Division is assessing and analysing the demand and supply scenarios and evaluating the ground situation to prepare future course of action for power sector.

The meeting was informed that Cabinet Committee on Energy (CCoE) has already approved 1,250MW RLNG-based power generation project near Trimmu Barrage in Jhang. The board has approved the project for further processing. The project has an estimated cost of $802 million. The project is targeted to start generating power in simple cycle mode by December 2018.

The board was briefed that in order to further ensure the elimination of loadshedding and have some backup for unforeseen outages, Cabinet Committee on Energy (CCoE has approved 1,250MW RLNG-based power generation project near Trimmu Barrage in Jhang. The board also decided to advertise 132MW Rajdhani Hydropower Project on Poonch River in AJ&K under the provisions of Power Policy 2015. Setting up of hydropower projects will improve energy mix in the country and reduce dependence on imported fuels. The establishment of this project will also be instrumental in generating economic activities as well as creating employment opportunities for the people of the area. The board was informed the hydropower has been the top priority of PPIB. Currently, 4 projects of approximately 1,850MW are under construction while another 1,124MW Kohala Hydropower Project will achieve Financial Close early next year.

In order to facilitate the sponsors in the implementation of their project the board allowed extension in signing of project agreements (IA and TSA) to Pak Matiari-Lahore Transmission Company (Pvt) Limited. The project is being sponsored by China Electric Power Equipment & Tech Co Ltd (CET), a subsidiary of State Grid Corporation of China (SGCC), under China Pakistan Economic Corridor (CPEC) framework. This project is of great national importance as it is aimed to evacuate electricity from upcoming coal based power projects which are located in southern parts of country.

PPIB Managing Director Shah Jahan Mirza briefed the board on various power generation projects which include CPEC and non-CPEC projects being handled by PPIB, while overall situation of the country’s demand-supply also came under discussion. Mirza briefed that currently PPIB is handling portfolio of 32 IPPs of more than 20,500MW which are based on hydro, coal & RLNG fuels and 660kV HVDC Matiari-Lahore Transmission Line Project. The board was informed that majority of these projects are at advance stages of implementation, some are the process declaring COD/testing and commissioning, some are under construction, while others are under Financial Closing and Pre-Financial Closing stages.