The Private Power & Infrastructure Board (PPIB) has granted extension in Letter of Intent (LoI) of 300MW coal-fired power plant at Gawadar. The decision was taken by Minister for Power Omar Ayub while presiding over the Board’s 121th meeting. An official statement states that this facilitation will enable sponsors to obtain tariff from NEPRA and Letter of Support from PPIB leading to Financial Close and construction start of the project which will supply much needed electricity to Gwadar to promote business for newly developed port, boost socio-economic activities and start the Special Economic Zones and Export Processing Zones in the Gwadar area of Balochistan. These activities will create employment opportunities and develop social facilities under Corporate Social Responsibility.
During the meeting the Letter of Support (LoS) of +660kV HVDC Matiari-Lahore Transmission Line Project was also extended. This project is specifically designed to provide power evacuation for Thar coal based power projects.