Investor Presentaiton

ANNUAL REPORT P Private Power and Infrastructure Board ANNUAL REPORT Private Power and Infrastructure Board Key Highlights of the Year As one-window facilitator on behalf of the Government of Pakistan, PPIB is responsible to promote, encourage, facilitate and safeguard private investment in power sector as mandated through "Private Power and Infrastructure Board Act, 2012". The Financial Year 2019-20 was a challenging year for PPIB in terms of continuing office operations and providing round the clock facilitation to IPPs during COVID-19 outbreak. Despite various hurdles and hardships created during the pandemic, PPIB handled the situation smartly and while adopting necessary precautionary measures as envisaged under Corona SOPs continued working smoothly. Online meetings were held with project sponsors whenever required, at PPIB premises after strictly adhering to the safety SOPs. Meetings to evaluate the performance and progress of IPPs was also a regular practice. By virtue of achieving critical milestones by various IPPS under PPIB's expert facilitation, the year 2019-20 brought many success stories for the power sector of Pakistan which will be discussed in forthcoming lines. The Pandemic jolted the economic and social activities world-wide including Pakistan. Due to same reasons, various projects' timelines were slightly affected, however, due to smart and proactive approach adopted by PPIB as well as active participation of projects' sponsors prevented the severity of the Pandemic. Over the recent years, private investments in mega thermal projects (including Thar coal, imported coal and RLNG), Renewable Energy projects (Hydro, Wind and Solar) and HVDC transmission line have played decisive role in expansion and diversification of country's power sector. During the year, PPIB expedited portfolio of projects consisting of hydropower, Thar coal, imported coal and RLNG, and as a result, various IPPS were able to find headway towards accomplishment of critical milestones which broadly include issuance of LOS/TLOS, execution of project agreements, achievement of Financial Closures, tariff and land acquisition processes etc. Fuels wise detail of IPPs being processed by PPIB during 2019-20 is illustrated as follows: Hydropower Thar coal Imported Coal RLNG PPIB is committed to reshape the current fuel mix and to make it largely dominated by prioritized indigenous and renewable fuels. In this regard, PPIB has already started delivering success stories and has so far materialized three hydro and one Thar coal based IPP of 993 MW cumulative power generation capacity. Similarly, less expensive RLNG and imported coal based power plants are also under active processing, however, owing to government priorities and policies, such fuels are no more in the priority list of GoP/PPIB for achieving the ultimate goal of optimizing indigenous and renewable resources in country's fuel mix basket. << Promoting indigenous coal and hydro resources for power generation Another 2 hydro IPPS of 1604 MW at advance stages of construction Another 2 Thar coal based IPPs are under construction after achieving Financial Close while several other IPPS started construction work before achieving Financial Close Pakistan's first private sector Matiari-Lahore HVDC Transmission Line Project being facilitated by PPIB is at final stages of construction. » 3 IPPs of 2082 MW commissioned through PPIB during 2019-20 Pakistan's first Thar coal based IPP commissioned during 2019-20 Overall 40 IPPs of 17,551 MW commissioned by PPIB which constitutes approx. 50% of total installed generation capacity of country. Playing lead role in implementing CPEC based power generation projects which include 13 projects of 11,648 MW and one Transmission Line project affordable and sustainable Power additions by PPIB. 2020 was a challenging year for PPIB as a number of IPPs were approaching towards advance to final stages, hence in such a critical stage, all such IPPs were required maximum facilitation from PPIB. As a result of PPIB's relentless efforts, three IPPS, (1,320 MW imported coal based IPP at Hub, 660 MW Thar coal based IPP at Thar Block-II and 102 MW Gulpur Hydro IPP) successfully achieved Commercial Operation Date (COD) and are currently feeding electricity to the national grid. In addition to power generation projects, PPIB is handling a mega and state of the art Transmission Line Project which is not only the first private sector project of country but also the first project which is equipped with HVDC technology which is highly efficient technology in transmitting power at longer destinations. The project started construction activities in December 2018 and in a short period of time, inspite of the COVID-19 pandemic challenge, completed more than 85% of the construction work till June 2020. Highlights of major laurels achieved by PPIB during 2019-20 in terms of processing power generation and transmission line projects are described hereunder: 14110 MW No. MW No. MW No. MW No. MW 15 6277* 07 4950 * 02 1620 01 1263 11 *Including Gulpur, Engro and CPHGC projects which achieved CODs during 2019-20 12

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