ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has issued a letter of interest (LOI) to the China Communications Construction Company for construction of 300MW coal-fired power project in Gwadar. The power plant is a of flagship project of the China-Pakistan Economic Corridor (CPEC). The document was signed by PPIB Managing Director Shah Jahan Mirza China Communications Construction Company Vice President Xu Jun. Under the deal, the company will seek tariff approval from the National Electric Power Regulatory Authority (NEPRA) and start construction of the power project after achievement of financial closing. The said project has already been approved by the Joint Cooperation Committee (JCC) of CPEC and the PPIB Board for further processing.
With the addition of 300MW coal-fired power project, the portfolio of power projects being processed by PPIB will soar to nine coal-based power projects having electricity production capacity of 8220MW.
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