ISLAMABAD -- In a dramatic move, the Alternate Energy Development Board (AEDB) on Wednesday approved issuance of letters of support (LoS) to 11 wind power projects having a total generation capacity of 550 megawatts.
Prime Minister Imran Khan had expressed displeasure over reluctance of the Ministry of Energy to go ahead with these projects despite tariff approvals by the National Electric Power Regulatory Authority (Nepra) a year ago.
Many LoS agreements of these projects were to be signed during the recent visit of the World Bank president to Pakistan but had to be postponed over dilly-dallying by the senior bureaucrats of the energy ministry.
This had angered the prime minister who was told early this week that these projects could be subjected to National Accountability Bureau (NAB) investigation since almost all the project tariffs had been approved under cost-plus tariff formula without international competitive bidding. It was also reported that the Cabinet Committee on Energy in the previous government had also took some decisions to put on hold fresh renewable energy projects because of capacity constraints.
The levelised tariff of all these projects ranged between 4.7 to 4.8 cents per unit (about Rs5.60 to Rs5.80 per unit) as per exchange rates prevailing before November last year. The energy ministry had also told the prime minister that they had...