OVERVIEW OF PAKISTAN POWER

SECTOR AND ROLE OF IPPs

Shah Jahan Mirza

Managing Director

PRIVATE POWER & INFRASTRUCTURE BOARD

September 30, 2015

1
 CONTENTS

 Overview of Pakistan’s Power Sector (PPS)

 Plans to Enhance Power Generation Capacity and Allied
Infrastructure
 PPIB – A One-Window Facilitator
 IPP Model being executed by PPIB
 Private Power Projects in Operation
 Investment Initiatives
 Salient Features/ Incentives under Power Policy 2015

2
 PAKISTAN POWER SECTOR - TIMELINE
JOURNEY
 Initially two vertically integrated utilities i.e. WAPDA and KESC, were responsible
for generation, transmission and distribution in their areas

 UPTO 70s: Performance of KESC and WAPDA was very good

 IN 80s: Some deterioration observed. Demand-Supply shortfall started
 IN 90s: Budget constraints lead the government to seek involvement of
private sector in power generation projects
 1992: Govt. prepared strategic plan to reform Pakistan power sector
 1993: Energy Task Force created, Power Policy 1994 formulated
 1994: Creation of PPIB & preparation of National Power Plan by WAPDA

 1997: Autonomous regulatory body NEPRA created, through an Act.

 2001: WAPDA Vision 2025 prepared

 2002: NEPRA issued a future plan for Pakistan Power Sector

 2005: Medium Term Development Framework (MTDF) prepared
3
 OVERVIEW OF PAKISTAN’S POWER SECTOR
 At present the following entities are responsible for delivery of power to the end
consumers:
 One Transmission and Dispatch Company (NTDCL)
 Ten Distribution Companies (DISCOs)
 Four Public Sector Generation Companies (GENCOs)
 Thirty One (31) IPPs
 The Electricity Generation is blend of Hydel and Thermal Units.

 Total installed capacity is around 25,000 MW with 53% and 47% Share of Public and
Private Sector respectively.

 Currently Country is facing deficit of around 6,000 MW in peak summer months

whereas the power demand has been growing by 6-7% per annum resulting into load
shedding of 8-16 hours.

 Expansion in Transmission Network is required to evacuate power from upcoming

projects.
 Due to Financial Constraints in the Public Sector, the GOP is focusing on private
sector to invest in PPS to bridge the electricity demand supply gap.

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 PAKISTAN POWER SECTOR – KEY PLAYERS

GOVERNMENT OF PAKISTAN

Ministry of Pakistan
Gilgit
Atomic Provinces AJK
Water Energy
NEPRA Baltistan

& Power Commission

Khyber
WAPDA AEDB PEPCO PPIB CHASNUPP KANUPP Pukhtoon Punjab Sindh Balochistan
Khwa

Private
Sector
Water
Mega Dams GENCOs DISCOs NTDC
Projects

IPPs/ SIPPs
IPPs
(Small Hydel, Wind,
(Hydel, Oil, CPPs KESC
Solar, Bio Diesel, Bio
Gas, Coal)
Mass, Cogeneration)
5
 PAKISTAN POWER SECTOR -
TOTAL INSTALLED CAPACITY

MW
MW %
%

Public Sector Total 24,953

Hydel
Hydel 7,013
7,013 28
28
Thermal
Thermal 5,458
5,458 22
22
Nuclear
Nuclear 787
787 3
3
Total
Total 13,258
13,258 53
53

Private Sector
IPPs
IPPs 9,273
9,273 37
37
KESC
KESC 2,422
2,422 10
10
Total
Total 11,695
11,695 47
47

Total
Total Installed
Installed Capacity
Capacity 24,953
24,953 MW
MW

Source: Power System Statistics – 39th Issue

6
 PAKISTAN ENERGY MIX -
VERSUS WORLD ENERGY MIX

7
 PAKISTAN POWER SECTOR –
CURRENT SCENARIO
 In the peak summer months, electricity demand-supply gap reaches up to
6,000 MW resulting in load-shedding of up to 8-16 hours per day
 WAPDA (NTDC) Power Planning has projected a demand of 31,757 MW by
the year 2020
 Even if the maximum capability of 18,477 MW is assumed, country would
need additional 13,310 MW (net) by the year 2020, requiring an
investment of $15 billion
 The government is looking towards private sector to bring additional
generation on coal, hydro and renewable energy on fast track basis
 In order to encourage private sector, the government has been issuing
various policies/ guidelines from time to time in the past at both federal
and provincial levels

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 PLANS TO ENHANCE POWER GENERATION
CAPACITY AND ALLIED INFRASTRUCTURE

 The Present Government is striving hard to overcome the ongoing power

crisis which has adversely impacted the National Economy.

 A number of initiatives are in progress to enhance generation capacity of the

system, including power plants based on coal, hydel, gas and renewable
resources, both in public as well as private sector.

 The GoP has recently approved Power Generation Policy 2015 which
provides attractive incentives for private investors

 Extensive networks of high voltage transmission lines and grid stations are
being developed to evacuate power from upcoming mega coal and hydel
projects to be located southern and northern part of country.

 The GoP has approved Private Transmission Line Policy for allocating
private investment in high voltage transmission lines

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 PPIB - A ONE WINDOW FACILITATOR
 Created in August 1994 as a one-window facilitator on behalf of GOP, its
Ministries/ Departments to promote private investments in power sector
 Received statutory status on 6th March 2012 by an Act of the Parliament
 Approves IPPs and executes Implementation Agreements and provides GOP
guarantees on the name of President of Pakistan
 Facilitates IPPs in executing PPA, FSA/GSA WUA with relevant GOP agencies
 Coordinates/ Liaisons with local and international multilateral development/
Financial Institutions
 Out of a total of 31 IPPs, PPIB managed to induct 29 (IPPs) totaling 6,142 MW
with an investment of around US$ 7 billion.
 Attracted leading international/ local investors and lenders to the Pakistan
Power Sector
 Succeeded in commissioning of first Hydel IPP in Pakistan and AJ&K i.e. 84
MW New Bong Escape Hydropower Project

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 IPP MODEL BEING EXECUTED BY PPIB
CSA: Coal Supply Agreement
GSA: Gas Supply Agreement
PPA: Power Purchase Agreement
GoP
IA: Implementation Agreement
DIA: Direct Implementation Agreement

Provincial
Provincial Tripartite LOS DIA
Govt./
Lenders
Govt./ AJ&K
AJ&K

WUA/ CSA LOI/ LOS/ IA

Financing

Gas/ Fuel GSA/ FSA PPA

Supplier
IPPs NTDC

Tariff/ Generation Transmission

Fuel Price EPC /O&M
Licence Licence
Contracts

EPC/ O&M
OGRA Contractors
NEPRA
 PRIVATE POWER PROJECTS IN OPERATION

Number of Capacity Investment

Projects (MW) (Million US$)

Project prior to 1994 Power Policy 1 1,292 1,608

Projects under 1994 Power Policy 15 3,124 3,490

Project privatized from public sector 1 1,638 1,583

Project under 1995 Hydel Policy 1 84 215

Projects under 2002 Power Policy 13 2,934 3,248

Total 31 9,072 10,144

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 PRIVATE SECTOR PROJECTS IN OPERATION
AZAD JAMMU & KASHMIR
New Bong Escape Hydropower Project 84 Mar 2013 Tot. Capacity: 9,072 MW
PUNJAB
Altern Energy Ltd, Attock 29 Jun 2001
Japan Power Generation, Lahore 135 Jan 2000
Kohinoor Energy Ltd., Lahore 131 Jun 1997
Southern Electric Co., Lahore 136 Jul 1999
Saba Power Company, Lahore 125 Dec 1999
AES Lalpir Ltd., Multan 362 Nov 1997
AES Pak Gen, Multan 365 Feb 1998
Fauji Kabirwala Co., Multan 157 Oct 1999
Rousch Power, Multan 450 Dec 1999
KAPCO, Muzaffargarh 1638 Jun 1996
Attock Gen, Rawalpindi 165 Mar 2009
Atlas Power Ltd., Sheikhupura 225 Nov 2009
Nishat Power Ltd., Lahore 200 Nov 2009
Saif Power Ltd., Sahiwal 229 Apr 2010
Orient Power Ltd., Balloki, Kasur 229 May 2010
Nishat Chunian Power Ltd., Lahore 200 Jul 2010
Sapphire Electric Co. Ltd., Muridke 225 Oct 2010
Liberty Power Tech Ltd., Near Faisalabad 200 Jan 2011
HUB Power Company Limited, Narowal 220 Apr 2011
Halmore Power Generation Co. Ltd., Bhikki 225 June 2011
Davis Energen Power Ltd., Jhang 11 July 2013
BALOCHISTAN
Hub Power Project, Hub 1292 Mar 1997
Uch Power Ltd., Uch 586 Oct 2000
Habibullah Coastal, Quetta 140 Sep 1999
Uch-II Power Limited, Uch 404 Apr 2014
SINDH
TNB Liberty Power Ltd., Daharki 235 Jun 2001
Tapal Energy Ltd., Karachi 126 Jun 1997
Gul Ahmed Energy Ltd., Karachi 136 Nov 1996
Engro Powergen Qadirpur Ltd., Dakarki 227 Mar 2010
Foundation Power Co. (Daharki) Ltd. 185 May 2011 13
 INVESTORS AND LENDERS PARTICIPATING
IN PRIVATE POWER PROJECTS

INVESTORS LENDERS
Local Foreign Local Foreign
 Nishat Group  International  National Bank of Pakistan  IFC
 Sapphire Power (UK)  Habib Bank Ltd.  World Bank
Textile Ltd.  Congen  United Bank Ltd.  ADB
 Attock Refinery Technology  Muslim Commercial Bank  IDB
Ltd.  El Paso (USA)  Allied Bank Ltd.  US Exim Bank
 Engro  Tenaska (USA)  Askari Bank Ltd.  AIDEC
Chemical  Mitsui (Japan)  Faysal Bank Ltd.  CDC (UK)
 Shirazi  Xenel (KSA)  Meezan Bank Ltd.  EDC (UK)
Investment  TNB (Malaysia)  Bank Al Habib  SACHE (Italy)
 Fauji  AES Corporation
Foundation  Habib Metropolitan Bank  ANZ Banking Group
 Saif Group
 AEB Ltd. (Australia)
 Liberty Mills
 IFC  The Bank of Punjab  ABN Amro Bank

 Descon Group
 Oman Oil  Soneri Bank Ltd.  Jexim (Japan)

 Gul Ahmed
 DEG Germany  NIB Bank Ltd.  Bank of Tokyo Mitsubishi

 Tapal Family
 GE Capital  Pak Oman Investment Co.  Toronto-Dominion Bank

 Saigols
 GDF Suez  Pak China Investment Co.  DEG (Germany)
(France)  Saudi Pak Industrial and  EMO (Netherlands)
Agricultural Investment  PROPARCO (France)
Co.  SWEDFUND (Sweden)

 K-EXIM

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 NEW INVESTMENT INITIATIVES (RLNG
Projects) (1/4)

 3,600 (2 x 1200) MW Power Generation Projects based on R-LNG, to be

commissioned 2400 MW open cycle by May 2017; completion of 3600 MW
early 2018

 National Power Parks Management Company Limited (NPPMCL) under

Ministry of Water & Power is in the process of development of two (02) R-
LNG based power plants each of around 1000-1200 MW at Balloki and
Haveli Bahadur Shah, in the province of Punjab

 The Government of Punjab is developing a 1200 MW R-LNG based power

project at Bhikki, Sheikhupura through a special purpose company with
the name and title of Quaid-e-Azam Thermal Power (Pvt.) Ltd. (QATPL)

 Recently, NEPRA has announced Upfront Tariff for the LNG based power
plants

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 NEW INVESTMENT INITIATIVES
(In progress private sector Hydel Projects)
(2/4)
 Solicitation of Project Proposals for establishment of:
 80 MW Neckeherdim-Paur Hydropower Project, YarKun River,
Chitral Valley, KPK
 350 MW Athmuqam Hydropower Project, Neelum River, AJ&K
 Key Projects requiring support in areas of Equity Participation,
EPC Contract, O&M Contract, Electro-Mechanical Equipment
Supply and Lending/ Financing:
 640 MW Azad Pattan Hydropower Project, Jehlum River,
Sudhnoti, AJ&K
 500 MW Chakothi Hattian Hydropower Project, Jehlum River,
Muzaffarabad, AJ&K
 548 MW Kaigah Hydropower Project, Indus River, Kaigah, KPK
 157 MW Madian Hydropower Project, Swat River, Swat, KPK
 215 MW Asrit-Kedam Hydropower Project, Swat River, Kalam,
KPK

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 WAPDA HYDEL PROJECTS
(UNDER IMPLEMENTATION)
 969 MW Neelum Jhelum Hydropower Project, Neelum River/ Jhelum
River, near Muzaffarabad, AJ&K
 4,320 MW Dasu Hydropower Project, Indus River, District Kohistan,
Khyber Pakhtunkhwa
 96 MW Jinnah Hydropower Project, Indus River, District Mianwali,
Punjab
 121 MW Allai Khwar Hydropower Project, Indus River, District
Battagram, Khyber Pakhtunkhwa
 72 MW Khan Khwar Hydropower Project, Indus River, District
Shangla, Khyber Pakhtunkhwa
 130 MW Duber Khwar Hydropower Project, Indus River, District
Kohistan , Khyber Pakhtunkhwa
 22 MW Jabban Hydropower Project, Swat River, District Malakand
(PATA) Khyber Pakhtunkhwa

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 INVESTMENT INITIATIVES
(Coal based Power Projects) (3/4)
 At present, various local and imported coal based IPPs are under
process with PPIB, most of which are being developed under the
China Pakistan Economic Corridor (CPEC)

 PPIB, after consultation with the stakeholders, has finalized and

shared Security Package Documents with the Sponsors
(Implementation and Power Purchase Agreements)

 Moreover, the total potential of Thar is estimated at 175 billion tons of

lignite coal which may be sufficient to produce 100,000 MW electricity
for 200 years

 NPERA has already announced Upfront Tariff for Indigenous Coal

based Projects

 Investors are encouraged to participate in development of power

projects based on Coal and also propose new projects based on Coal

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PPIB’s PORTFOLIO OF UPCOMING PRIVATE POWER PROJECTS
(IPPs)

Hydel Coal Gas

Total No. of
Description/ Year
(MW) Projects
MW No. MW No. MW No.

2017 150 1 2,970 3 0 0 3,120 4

2018 0 0 2,640 2 0 0 2,640 2

2019 232 2 1833 4 0 0 2,065 6

2020 1,360 2 0 0 0 0 1,360 2

2021 870 1 0 0 0 0 870 1

2022 2,033 5 0 0 120 1 2,153 6

2023 1,690 2 0 0 0 0 1,690 2

2024 1,088 4 0 0 0 0 1,088 4

2025 80 1 0 0 0 0 80 1

Grand Total 7,503 18 7,443 9 120 1 15,066 28

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 INVESTMENT INITIATIVES
(Transmission Line Projects) (4/4)
 Transmission Line and Allied Infrastructure Projects under the
proposed Transmission Line Policy (to be announced shortly)
 List of Transmission System projects to be offered to Private
Sector will be prepared by GOP
 Award of Projects through ICB and Upfront Tariff on BOOT basis
 Policy to cover Transmission Line & Grid Station projects of 220
kV voltage level and above (EHVAC & HVDC)
 Land & Legal Right of way to be provided by NTDC
 Project Term: 25 years
 Transmission utility (NTDC) to pay a fixed Transmission Service
Charge, regardless of the quantum of energy transmitted
 Exemption from Corporate Income Tax for first ten years including
turnover rate tax and withholding tax on imports
 Standardized Security Package (IA & TSA)
 One Window facility by PPIB

20
 POWER GENERATION POLICY 2015
SALIENT FEATURES/ INCENTIVES (1/2)

PPIB /relevant entities in the Provinces / AJK / GB will provide a one-

window facility for implementation of projects under the Policy.

Exemption from Corporate Income Tax, Turnover Tax, Withholding Tax

and Sales Tax, only 5% concessionary Import Duty on plant & equipment
not manufactured locally

GOP Guarantees obligations of power purchaser & provinces

GOP provides protection against Political Force Majeure, Change in Law

and Change in Duties & Taxes

For Hydro Power Projects; WUC will be paid @ Rs. 0.425/kWh to the
province where the project is located.

Power Purchaser to bear Hydrological Risk for Hydro projects

21
 POWER GENERATION POLICY 2015
SALIENT FEATURES / INCENTIVES (2/2)
 Attractive ROE provided by the Regulator – Imported Coal: 27.3 ; Local
Coal: 29.5; Thar Coal: 34.5; Hydro: 17% IRR (23% ROE) ; Gas/LNG: 15%
IRR (18% ROE)

 To mitigate high underground geological risk, long construction period

and environmental sensitivities following tariff re-openers are provided
by NEPRA
 Cost Escalation in Civil and Cost Variation for E&M works
 Resettlement Cost
 Cost variation due to Geological Conditions limited to Tunnel Area

 Tariff indexation for inflation (US CPI & Pak WPI)

 Government ensures conversion of Pak Rupee & remittance of foreign

exchange for project-related payments

22
Backup Slides

24
PPIB’s PORTFOLIO OF UPCOMING PRIVATE POWER PROJECTS
(IPPs)

Hydel Coal Gas

Total No. of
Description/ Year
(MW) Projects
MW No. MW No. MW No.

2017 150 1 2,970 3 0 0 3,120 4

2018 0 0 2,640 2 0 0 2,640 2

2019 232 2 1833 4 0 0 2,065 6

2020 1,360 2 0 0 0 0 1,360 2

2021 870 1 0 0 0 0 870 1

2022 2,033 5 0 0 120 1 2,153 6

2023 1,690 2 0 0 0 0 1,690 2

2024 1,088 4 0 0 0 0 1,088 4

2025 80 1 0 0 0 0 80 1

Grand Total 7,503 18 7,443 9 120 1 15,066 28

 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
BOARD (PPIB)
Estimated
Gross Investment Project
Sr. Name of the Expected
Capacity Company/ Latest Status of the Project
No. Project/ Fuel COD
(MW) (Million Sponsors
US$)
A: PROJECT UNDER CONSTRUCTION: 
Star Power
Patrind • Project under construction
Ltd. (K-Water
1 Hydropower 150 362 Mar-17 • About 45.52% construction works have been
& Daewoo)
Project - Hydel completed
Korea
Sub Total 150 362    
B: PROJECT UNDER FINANCIAL CLOSING: 
• Land has been acquired
• GOP Implementation Agreement (GOPIA)
Mira Power executed and AJK Implementation Agreement
Ltd. (AJKIA), Water Usage Agreement (WUA) and
Gulpur Hydro (KOSEP, Power Purchase Agreement (PPA) initialed
2. Power Project – 102 323 DAELIM, Jun-19 • EPC contractor mobilized for pre-construction
Hydel LOTTE, activities
SAMBU) • EPC Tariff under approval process by NTDC/
Korea NEPRA
• Project to achieve Financial Closing (FC) by 30th
June 2015
Sub Total 102 323
 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
BOARD (PPIB)
Estimated
Gross Project
Sr. Investment Expected
Name of the Project Capacity Company/ Latest Status of the Project
No. (Million COD
(MW) Sponsors
US$)
C: PRIORITY PROJECTS PROCESSED UNDER CHINA PAKISTAN ECONOMIC CORRIDOR: 

• Construction activities are under way

1320 MW Port Qasim
3 Power Project at Port 1,320
Qasim –Imported Coal
• Land filling work has been completed
• The Sponsors approached National Electric
Power Regulatory Authority (NEPRA) for
acceptance of Upfront Tariff and grant of
Generation License on 7th January 2015 and
18th August 2014 respectively through their
Sinohydro newly incorporated project company; Port
Resources Ltd. Qasim Electric Power Company (Private)
China and Limited
1,914 Jun-18
Al-Mirqab • Upfront Tariff granted by NEPRA on 13th
Capital of Doha, February 2015
Qatar • Generation License issued by NEPRA on 3rd
February 2015
• LOS issued to the Sponsors on 17th April
2015
• The Company signed IA & PPA with PPIB
and NTDC respectively on 18th April 2015
• The Sponsors are required to achieve
Financial Closing by 15th January 2016
 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
Estimated
BOARD (PPIB)
Gross Project
Sr. Investment Expected
Name of the Project Capacity Company/ Latest Status of the Project
No. (Million COD
(MW) Sponsors
US$)

C: PRIORITY PROJECTS PROCESSED UNDER CHINA PAKISTAN ECONOMIC CORRIDOR: 

SK Hydro Pvt. • Land acquisition at final stage

Ltd. (Al Jomaiah • GOPIA and WUA executed
Suki Kinari Hydropower Holding LLC • EPC Tariff approved by NEPRA
4. 870 1801 Sep-21
Project – Hydel Saudi Arabia & • PPA and IA signed
Haseeb Khan & • Project to achieve FC by 15th September
Co. Pakistan) 2015

• Land acquisition under process

• EPC contractor selection by February 2015
Karot Power
• Negotiation on Project Agreements
Company Ltd.
Karot Hydel Project – commenced in October 2014
5. 720 1420 (China Three Jun-20
Hydel • Project to achieve Financial Closing by
Gorges, CWEI,
August 2016
ATL)
• PPIB is trying and facilitating Sponsors to
achieve FC before scheduled date

Huaneng
1,320 MW Shandong
Shandong Ruyi • The Project is required to achieve Financial
6 Power Project – 1,320 1,914 Mar-18
(Pak) Energy Closing by 31st December 2015
Imported Coal
(Pvt) Ltd
 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
BOARD (PPIB)
Gross Estimated Project
Sr. Name of the Expected
Capacity Investment Company/ Latest Status of the Project
No. Project COD
(MW) (Million US$) Sponsors

C: PRIORITY PROJECTS PROCESSED UNDER CHINA PAKISTAN ECONOMIC CORRIDOR: 

1,320 MW
Shanghai Electric
7 Power Project at 1,320
Thar Block I, Sindh
–Thar Coal
660 MW Engro
Powergen Project
8 660
at Thar Block - II,
Sindh –Thar Coal
Sub Total 6,290
• The Sponsors submitted their proposal on 24th
March 2015. The proposal has been declared
responsive by PPIB’s consultant
Shanghai
• Currently, the process for issuance of NTP/ LOI has
Electric
been initiated
1,914 Group Dec-17
• The Sponsor signed equity investment agreement
Company
with China Coal Technology and Engg. Group Corp.
Limited
and Joint Venture Agreement with Shanghai Electric
Group Company Limited during the visit of the
Chinese President to Pakistan
• NEPRA has announced upfront tariff for the
Project and has granted generation license. LOS was
issued by PPIB on 17th April 2015 and the Company
signed its IA & PPA with PPIB and NTDC respectively
Engro on 4th May 2015
957 Powergen Feb-19 • The Project has also submitted its consent for
Limited opting Power Generation Policy 2015
• The Sponsors signed term sheets for financing of
the Power Project and Coal Mine with China
Development Bank Corporation during the visit of
the Chinese President to Pakistan
9,779    
 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
Estimated
BOARD (PPIB)
Gross
Sr. Investment Project Company/ Expected
Name of the Project Capacity Latest Status of the Project
No. (Million Sponsors COD
(MW)
US$)
D: ACTIVELY PROMOTED PROJECTS UNDER CHINA PAKISTAN ECONOMIC CORRIDOR: 
330 MW Salt Range China Machinery
Power Project at Pind Engineering • On 5th June 2015, PPIB issued extension
9 330 480 Dec-17
Dadan Khan, Punjab – Corporation to the term of the LOI till 19th August 2015
local Coal (CMEC)
• The Sponsors have submitted their
formal proposal to PPIB which is currently
HUBCO Imported Coal
under evaluation
10 based power project – 1,320 1914 HUBCO Dec-17
• Subject to successful evaluation of the
Imported Coal
proposal, Notice to Proceed would be
issued to HUBCO by the end of June 2015
• Feasibility Study (Stage-1) Tariff has
been approved by NEPRA
• Land acquisition process has been
initiated
CWE Investment/
Kohala Hydropower • Formation of SPV, Replacement of Main
11 1100 2397 China Three Gorges Dec-23
Project – Hydel Sponsor due to corporate restructuring of
Corp., China
CTG, reimbursement of Feasibility study
cost to WAPDA are in process. LOS will be
issued after fulfilment of pre-requisites by
Sponsors
Sub Total 2,750 4,746  
 
 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
BOARD (PPIB)
Estimated
Gross Project
Sr. Investment Expected
Name of the Project Capacity Company/ Latest Status of the Project
No. (Million COD
(MW) Sponsors
US$)
E: OTHER COAL PROJECTS:

660 MW Imported Coal Lucky

Based Independent Electric • After completion of necessary formalities, LOS
12 Power Generation 660 957 Power Oct-19 to Lucky issued on June 8, 2015 with Financial
Project at Port Qasim, Company Close (FC) deadline of June 7, 2016
Karachi –Imported Coal Limited

• PPIB issued LOI to the Sponsors on 15th

350 MW Imported Coal
February 2015.
Based Independent
Siddiqsons • The Sponsors have reportedly approached
13 Power Generation 350 508 Mar-19
Limited National Electric Power Regulatory Authority
Project at Port Qasim,
(NEPRA) for acceptance of Upfront Tariff and
Karachi –Imported Coal
grant of Generation License .

Sub Total 1,010 1,465

 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
Estimated
BOARD (PPIB)
Gross Project
Sr. Investment Expected
Name of the Project Capacity Company/ Latest Status of the Project
No. (Million COD
(MW) Sponsors
US$)
F: PROJECTS UNDER LOS/ TARIFF DETERMINATION/ NEGOTIATION:
• Upon proposal of NTDC, the PPIB Board in its
meeting held on 2nd July 2014 approved
conversion of the project from RFO to coal in
order to reduce the cost of generation.
• On 7th November 2014, NTDC submitted its
acceptance w.r.t. technical details of coal-fired
Grange power plant provided by GPL as well as draft
Grange Holdings Power Power Settlement Agreement (SA) and LOI
Project – Converted Limited/ • On 14th November 2014, PPIB executed SA and
14 163 218 Jan-19
from RFO to Imported Grange LoI with GPL for a 150 MW (Net) Coal-based IPP
Coal Holdings near Arifwala
Limited • NEPRA has determined tariff on 13th February
2015
• After completion of required formalities, new
LOS has been on 30th March 2015 to the project
based on imported coal with the Financial Close
deadline of 30th December 2015 and COD
deadline of 30th January 2019
• Approval of EPC stage tariff by NEPRA is under
Farab
Sehra Hydel Project – process
15 130 344 Energy & Dec-19
Hydel • Due to Parnai HPP in Occupied Kashmir,
Water, Iran
hydrology of this project may be affected
 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
Estimated
BOARD (PPIB)
Gross
Sr. Investment Project Company/ Expected
Name of the Project Capacity Latest Status of the Project
No. (Million Sponsors COD
(MW)
US$)
F: PROJECTS UNDER LOS/ TARIFF DETERMINATION/ NEGOTIATION:
• Feasibility stage tariff approved by
NEPRA on 16th October 2014
• However, Sponsors filed another review
petition to NEPRA for enhancement of
IRR for Hydropower projects to 20% in
light of assurance given by NEPRA in Asad
Azad Pattan
Alamgir Power Pvt. Umar review decision in January 2015,
16 Hydropower Project – 640 1354 Jun-20
Limited, Pakistan and the same is under consideration by
Hydel
NEPRA
• Project land acquisition and survey for
land required upto reservoir at AJ&K side
has been completed
• The company has initiated activities
related to CDM registration
• Feasibility stage tariff review approved
by NEPRA on 16th October 2014
Chakothi-Hattian Suhail Jute Mills
17 500 1092 Dec-22 • However, Sponsors approached Court
Project – Hydel Ltd., Pakistan
of Law against tariff approval by NEPRA
• Currently, the matter is sub judice

Sub Total 1,433 3,008  

 
 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
Estimated
BOARD (PPIB)
Gross Investment
Sr. Project Company/ Expected
Name of the Project Capacity Latest Status of the Project
No. Sponsors COD
(MW) (Million
US$)
G: PROJECTS AT FEASIBILITY STUDY/ LOI STAGE: 
Assmandal Trading • Feasibility Study completed
Kaigah Hydel Project
18 548 1564 Agency, UAE Dec-24 • Sponsors are in process of submission of
- Hydel
M/s ATL Pakistan feasibility level tariff to NEPRA
• Feasibility study completed
Madian Hydropower Cherat Cement, • Progress is slow due to Law & Order
19 157 438 Dec-22
Project - Hydel Pakistan situation in past in the vicinity of Project Area
and its perception internationally
• Feasibility study completed
Asrit-Kedam
Younas Brothers, • Progress is slow due to Law & Order
20 Hydropower Project - 215 405 Dec-22
Pakistan situation in past in the vicinity of Project Area
Hydel
and its perception internationally
• Feasibility Study is in progress. First meeting
of POE was held on 21st January 2015
CWE Investment/ • Consultants following recommendations of
Mahl Hydropower
21 590 885 China Three Gorges Dec-23 POE are conducting surveys/ investigations
Project - Hydel
Corp., China for finding more alternatives of dam site
location. The Inception Report and Report on
Dam Site has been submitted
Sub Total 1,510 3,292    
 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
Estimated
BOARD (PPIB)
Gross Investment
Sr. Project Company/ Expected
Name of the Project Capacity Latest Status of the Project
No. Sponsors COD
(MW) (Million
US$)
H: PROJECTS AT EARLY DEVELOPMENT STAGE:
• Project is based on both pipeline quality gas
Kandra Power Project and low BTU gas from a dedicated gas field
Petroleum
22 - low BTU gas + 120 90 Dec-22 • LOS not issued due to the non-allocation of
Exploration Ltd.
pipeline quality gas pipeline quality gas required for commingling
with low BTU Kandra gas
• Project under implementation under Public
Govt of Khyber
Private Partnership (PPP) mode
Pakhtunkhwa,
Lower Palas Valley • MOU signed in this respect has expired
WAPDA and
23 Hydropower Project 665 1159 Dec-22 • Presently WAPDA and GoKP (Public
K-Water & Daewoo
– Hydel Consortium Partners) are reviewing and
Engineering of
making deliberation on way forward for
Korea
implementation of the project
Korea Midland • Project under implementation under Public
Lower Spat Gah Power Co. Ltd and Private Partnership (PPP) mode
24 Hydropower Project 496 1057 POSCO Engineering Dec-22 • MOU signed in this respect has expired
– Hydel Co. Ltd (KOMIPO • Sponsors’ request for extension of the MOU
Consortium) Korea is under review by GoKP and WAPDA

Sub Total 1,281 2,306  

 
 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
BOARD (PPIB)
Gross Estimated
Sr. Expected
Name of the Project Capacity Investment Latest Status of the Project
No. COD
(MW) (Million US$)

I: PROJECTS AT ADVERTISEMENT/ PROPOSAL STAGE: 

• PPIB invited EOI for the development of the
project
Athmuqam Hydropower • No proposal received
25 350 525 Dec-24
Project - Hydel • PPIB Board has advised for re-advertisement
• As per PPIB Board's advice, EOI will be re-invited in
near future
• PPIB invited EOI for the development of the
Turtonas-Uzghor
project
26 Hydropower Project - 58 87 Dec-24
• Proposals received are under evaluation by an
Hydel
independent consultant
• PPIB invited EOI for the development of the
Neckeherdm-Paur project
27 Hydropower Project - 80 120 Dec-25 • No proposal received.
Hydel • The project will be re-advertised through Press in
future
 PROGRESS OF ONGOING IPP PROJECTS BEING
PROCESSED BY PRIVATE POWER & INFRASTRUCTURE
BOARD (PPIB)
Gross Estimated
Sr. Expected
Name of the Project Capacity Investment Latest Status of the Project
No. COD
(MW) (Million US$)
• Following decision of 95th Board meeting dated 5th
March 2014; PPIB invited EOI for the development
of the project
• Evaluation of proposals completed by Consultant
• AJK PDO Board on 4th July 2014 revived the
cancelled LOS after lapse of about 2 years
• Afterwards, PPIB through its letter dated 12th
September 2014, Ministry of Water & Power
through letter dated 5th November 2014 and AJ&K
Council’s through letter dated 11th November 2014
requested AJK PDO Board for reconsideration/
Rajdhani Hydropower resolution of the matter in accordance with law and
28 132 198 Dec-24
Project - Hydel policy. However, AJK PDO Board in its meeting
dated 5th December 2014 maintained its previous
decision for extension/ revival of the LOS
• PPIB Board was updated about the matter in its
99th meeting dated 15th December 2014, and in this
regard “the Board advised PPIB to get in touch with
the Chief Secretary AJ&K, as a first step. However, if
things do not move further, the matter should be
put forth before the AJ&K Council”. Accordingly,
Chief Secretary AJK has been requested to provide
comments on issue of Project development.
Response of the same is being awaited.
Sub Total 720 1,080    
 Commissioned IPPs
Sr. Capacity Investment COD achieved
Name of Project Location Fuel
No. (MW) (M US$) on
Project privatized from public sector
KAPCO, Muzaffargarh Kot Addu District HSFO, Gas
1 1638 1,583.00 Jun/1996
(privatized from public sector)* Muzaffargarh, Punjab and HSD
Sub Total 1,638 1,583    
Project prior to 1994 Power Policy
Tehsil Hub, District
2 Hub Power Project, Hub 1292 1,608.10 RFO 31/Mar/1997
Lasbela, Baloshistan
Sub Total 1,292 1,608    
Projects under 1994 Power Policy
Korangi Industrial
3 Gul Ahmed Energy Ltd., Karachi 136 138.00 RFO 03/Nov/1997
Township, Karachi
Raiwind-Manga Road;
4 Kohinoor Energy Ltd., Lahore 131 138.68 RFO 20/Jun/1997
Near Lahore
5 Tapal Energy Ltd., Karachi District West, Karachi 126 129.70 RFO 20/Jun/1997
Mehmood Kot,
6 AES Lalpir Ltd., Multan 362 344.00 RFO 06/Nov/1997
Muzaffargarh, Punjab
Mehmood Kot,
7 AES Pak Gen, Multan 365 364.30 RFO 01/Feb/1998
Muzaffargarh, Punjab
8 Southern Electric Co., Lahore Raiwind Lahore, Punjab 136 141.71 RFO 12/Jul/1999

9 Habibullah Coastal, Quetta Quetta 140 155.52 Gas 11/Sep/1999

Kabirwala, District
10 Fauji Kabirwala Co., Multan 157 170.00 Gas 21/Oct/1999
Khanewal
 Commissioned IPPs
Sr. Capacity Investment
Name of Project Location Fuel COD achieved on
No. (MW) (M US$)
Farouqabad, Shiekhupura,
11 Saba Power Company, Lahore 125 152.39 RFO 31/Dec/1999
Punjab
Abdul Hakeem Barrage,
12 Rousch Power, Multan 450 540.32 Gas 11/Dec/1999
District Khanewal
17 km Jia Bagga, Off Raiwind
13 Japan Power Generation, Lahore 135 123.24 RFO 14/Mar/2000
Road, Lahore
Dera Murad Jamali, District
14 Uch Power Ltd., Uch 586 690.50 Gas 18/Oct/2000
Nasirabad, Balochistan
6-Jun-2001
(Phase-I)
15 Altern Energy Ltd, Attock Fateh Jang, Attock 29 9.16 Gas
20-Sept-08
(Phase-II)
16 TNB Liberty Power Ltd., Dharki Daharki, Distt. Ghotki, Sindh 235 381.17 Gas 10/Sep/2001
Jhang Toba-Tek Singh Road,
17 Davis Energen Power Ltd., Jhang 10.5 10.80 Gas 13/Jul/2013
district Jhang
Sub Total 3,124 3,489    
Project under 1995 Hydel Policy
7.5 km Downstream Mangla
18 New Bong Escape Hydropower Project Dam, Azad Jammu & 84 215.00 Hydro 23/Mar/2013
Kashmir
Sub Total 84 215    
Projects under 2002 Power Policy
19 AttockGen Power Project Rawalpindi, Punjab 165 176.62 LSFO 17/Mar/2009

20 Sheikhupura (Atlas) Power Project Sheikhupura, Punjab 225 227.00 RFO 18/Dec/2009

21 Engro Power Project Qadirpur, Sindh 227 188.54 Gas 27/Mar/2010

 Commissioned IPPs
Sr. Capacity Investment
Name of Project Location Fuel COD achieved on
No. (MW) (M US$)
Dual
22 Sahiwal (Saif) Power Project Sahiwal, Punjab 229 246.87 30/Apr/2010
(Gas+HSD)
Dual
23 Orient Power Project Balloki, Punjab 229 190.17 24/May/2010
(Gas+HSD)
24 Nishat Power Project Near Lahore, Punjab 200 234.99 RFO 09/Jun/2010

25 Nishat Chunian Power Project Near Lahore, Punjab 200 237.41 RFO 21/Jul/2010
Dual
26 Muridke (Sapphire) Power Project Muridke, Punjab 225 244.88 05/Oct/2010
(Gas+HSD)
27 Liberty Power Tech Project Near Faisalabad, Punjab 200 241.06 RFO 13/Jan/2011

28 HUBCO-Narowal Project Narowal, Punjab 220 288.00 RFO 22/Apr/2011

29 Foundation Power Project Daharki, Sindh 185 217.00 Gas 16/May/2011

Dual
30 Bhikki (Halmore) Power Project Bhikki, Punjab 225 261.00 25/Jun/2011
(Gas+HSD)
Dera Murad Jamali,
31 Uch-II Power Project 404 494.00 Gas 04/Apr/2014
Balochistan
Sub Total 2,934 3,248    

Grand Total 9,072 10,143