First private sector transmission line achieves financial close - News Summed Up

First private sector transmission line achieves financial close


The $1.66 billio­n transm­ission line is being develo­ped under CPECISLAMABAD: First high voltage direct current (HVDC) transmission line project of Pakistan, which will be 878 kilometres long, extending from Matiari to Lahore, has achieved a financial close. The documents were signed and exchanged by the Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza and the Chinese company’s Chief Executive Officer Wang Bo. It is not only the first HVDC transmission line project in Pakistan, but also the first private sector transmission line project facilitated by PPIB, under the government of Pakistan’s Policy Framework for Private Sector Transmission Line Projects 2015. With the medium and long term plans of power induction into the national grid, it is important that the power transmission infrastructure is made available to transport the electricity from the power generation facilities to the load centres. He said the government is focusing on energy security and power generation from indigenous resources.


Source: The Express Tribune February 28, 2019 03:45 UTC



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