Engineering Post Report
The Private Power and Infrastructure Board (PPIB) was struggling to embrace the profound economic changes and associated goals of access to affordable energy for the sustainable economy of the country.
According to the information available from the sources concerned, PPIB was well aware of the existing challenges of the energy sector and its transformation needed for the energy system.
As a long term vision, PPIB was thriving hard to respond to effectively and successfully meet the growing and changing energy paradigm in the country.
Since its inception in 1994, PPIB has a track record of attracting more around US$23 billion of investment with the establishment of 40 Independent Power Producers (IPPs) totalling 18211 MW and a meg High-Voltage Direct Current transmission line project in the country. This constituted around 50 per cent of installed power generation capacity in the country..
Currently, the PPIB was implementing two robust policy frameworks which have market competitive incentives and simplified procedures for the investors. The “Power Generation Policy 2015” and the “Policy Framework for Private Sector Transmission Line Projects 2015” were launched to attract new investments for development of new power generation projects and augmentation of transmission network in the country.
These policy frameworks have so far received overwhelming market response, by attracting many renowned local and international investors and lenders,the sources added pointedly.