Private Power and Infrastructure Board Act, 2012

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THE PRIVATE POWER AND INFRASTRUCTURE BOARD ACT, 
2012. 
 
 
 
 
 
 
 
CONTENTS 
PART-I 
GENERAL 
1. Short title, extent and commencement 
2. Definitions 
PART-II 
PRIVATE POWER AND INFRASTRUCTURE BOARD 
3. Establishment of the Private Power and Infrastructure Board 
4. Location of office 
5. Functions and Powers of PPIB 
PART-III 
MANAGEMENT AND ADMINISTRATION 
6. Composition of the PPIB 
7. Managing Director and other members 
8. Meeting of the Board 
9. Delegation 
10. Employees 
11. Employment of agents, advisers and consultants 
12. Public servants 
 

 
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13. Disclosure of interest 
 
PART-IV 
FINANCIAL PROVISIONS 
14. Fund of the PPIB 
15. Expenditure to be charged on Fund 
16. Investment 
17. Bank accounts 
18. Account 
19. Audit 
PART-V 
MISCELLANEOUS 
20. Information 
21. Annual report 
22. Indemnity 
23. Power to make rules 
24. Power to make regulations 
25. Act to override other laws 
26. Common seal 
27. Support of the Federal Government 
28. Removal of difficulties 
29. Dissolution of the Board 
30. Dissolution of Alternative Energy Development Board 
31. Exemption from taxes 
32. Issuance of policy directives 
33. Repeal   
 
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THE PRIVATE POWER AND INFRASTRUCTURE BOARD ACT, 
2012. 
ACT No. VI OF 2012 
[2nd March, 2012]  
An Act to provide for establishment of the Private Power and Infrastructure Board. 
WHEREAS it is expedient to establish the Private Power and Infrastructure Board for 
implementing the power policies, the development and implementation of Power proje cts and related 
infrastructure in the private sector and public -private partnership basis and to provide for matters 
connected therewith or incidental thereto; 
AND WHEREAS it is expedient to establish the aforesaid Board to promote, encourage, 
facilitate private sector investment in the power sector and to safeguard the investments already made 
therein and to provide one window facility to investors 1[and to assist and facilitate development of 
transmission, distribution and generation of conventional and a lternative or renewable energy and  
related  infrastructure in order to achieve sustainable economic growth with transfer of technology for 
development of an indigenous technological base through a diversified energy generation]; 
It is hereby enacted as follows: 
PART-I 
GENERAL 
1. Short title, extent and commencement.__ (1)This Act may be called the Private Power 
and Infrastructure Board Act, 2012. 
 (2) It extends to the whole of Pakistan. 
 (3) It shall come into force at once. 
2. Definitions.__ In this Act, unless there is anything repugnant in the subject or context,__ 
1[(a)  “Alternative or renewable energy” means energy that is produced by alternative 
or renewable resources as compared to the conventional or that are replenished 
naturally which do not deplete when consumed and are non -polluting and 
environment friendly;] 
1[(aa)] “Board” means the Private Power and Infrastructure Board, hereinafter 
referred to as the PPIB; 
(b) “Chairman” means the Chairman of the Board 1[appointed under this Act]; 
(c) “Fund” means the PPIB fund established under section 14; 
1[(ca) “institute” means institute of alternative and renewable energy -
technologies established under this Act;]; 
 
1Ins., and Re-numbered by Act XXVI of 2023,s.2-3. 
 
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(d) “Managing Director” means the Managing Director appointed under section 7; 
(e) “member” means a member of the Board designated under section 6 or 
appointed under section 7, as the case may be; 
1[(ea) “organization” means an organization of the alternative and renewal 
energy established under this Act;]; 
(f) “person” includes an individual, partnership, trust association, company, body 
corporate or body of individuals, whether or not having separate legal 
personality 
2[* * * * * * *] 
(g) “prescribed” means prescribed by rules or regulations 1[made under this Act]; 
1[(ga) “Prime Minister” means the Prime Minister of the Islamic Republic of 
Pakistan;] 
(h) “private power” means all activities concerning generation, transmission and 
distribution of electricity and the related infrastructure, which may be carried 
out by or on behalf of private sector under power related policies and applicable 
laws; 
(i) “property” includes any right, t itle or interest in property, moveable or 
immovable, tangible or intangible and in whole or in part; 
3[(J)  “Public Sector Power Projects” means power generation, transmission or 
distribution facilities constructed or to be constructed, owned, managed or 
controlled by the Federal Government, a Provincial government, a local 
authority or any entity owned or controlled by any such Government or 
authority where such facilities are specifically sanctioned by Federal 
Government to be established under the applic able power policies to be 
processed by private Power and Infrastructure Board;] 
3[(k)] “regulations” means the regulations made under section 24; 
3[(l)] “rules” means the rules made under section 23; 
3[(m)] “sponsor” means a person, including consortium from the private or public sector 
who intend to invest or have already invested in the power sector as per 
provisions of power policies; and 
3[(n)]  “staff” means the officers and employees of PPIB and includes deputationists 
and regular and contract employees. 
 
 
1Ins., by Act XXVI of 2023,s.3. 
2Omitted by Act XXXIX of 2016, s.2(i). 
3Re-numbered and Ins. by Act XXXIX of 2016, s.2(ii). 
  
 
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PART-II 
PRIVATE POWER AND INFRASTRUCTURE BOARD 
3. Establishment of the Private Power and Infrastructure Board.__ (1) There is hereby 
established the Private Power and Infrastructure Board for carrying out the purposes and objectives of 
this Act. 
(2) The PPIB shall be independent in the performance of its functions and shall be a body 
corporate having perpetual successio n and a common seal, with power, subject to the provisions of 
this Act, to enter into agreements and contracts, acquire and hold property and to sue and be sued in 
its own name. 
4. Location of office.__ The principal office of PPIB shall be at Islamabad and it may 
establish regional offices at such other place or places in Pakistan, as it deems appropriate. 
5. Functions and Powers of PPIB. __ (1) The PPIB shall exercise all powers which shall 
enable it to effectively perform its functions as specified in sub-section (2). 
(2) In particular and without prejudice to the generality of the foregoing power the PPIB 
shall__ 
(a) recommend and facilitate development of power policies  1[including for the 
utilization of alternative or renewable energy resources]; 
(b) consult the concerned Provincial Government, prior to taking a decision to 
construct or cause to be constructed a hydroelectric power station in any 
Province and to take decisions on matters pertaining to power projects set up by 
private sector or through public private partnership and other issues pertaining 
thereto; 
1[(ba) develop national strategy, policies and plans for utilization of alternative 
and renewable energy resources to achieve the targets approved by the 
Federal Government in consultation with the Board; 
(bb)  act as a forum for evaluating proposals, monitoring of the projects and 
alternative and renewable energy products and to certify their vendors, 
installers and service providers; 
(bc)  create awareness and motivation of the need to set up  alterative and 
renewable energy projects for benefit of general public as well as 
evaluating concepts and technologies from technical and financial 
perspective; 
(bd)  conduct feasibility studies and surveys to identify opportunities for 
power generation a nd other applications through conventional and 
alternative and renewable energy resources; 
 
1Ins., by Act XXVI of 2023,s.4. 
  
 
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(be)  make legislative proposals to enforce use and installation of equipment 
utilizing alternative and renewable energy; 
(bf)  setup alternative or renewable energy projects on its own or through 
joint venture or partnership with public or private entities in order to 
create awareness and motivation of the need to take such initiatives for 
the benefit of general public as well as b y evaluating concepts and 
technologies from technical and financial perspectives; 
(bg) interact and co -ordinate with international and national agencies for 
promotion and development of alternative or renewable energy; 
(bh)  assist in development and imple mentation of plans with  concerned 
authorities and provincial governments and special areas  for off -grid 
electrification; 
(bi)  to develop or cause to be developed electric power installations and 
infrastructure in accordance with the power policies and act  as an 
independent auction administrator and perform other functions in the 
electric power market; 
(bj)  to act as a coordinating agency for commercial application of alternative 
or renewable technology;] 
(c) coordinate with the Provincial Governments, loc al governments, Government 
of Azad Jammu and Kashmir (AJ and K) and regulatory bodies in 
implementation of the power policies, if so required; 
(d) coordinate and facilitate the sponsors in obtaining consents and licences from 
various agencies of the Federa l Government, Provincial Governments, local 
governments and Government of AJ and K; 
(e) work in close coordination with power sector entities and play its due role in 
implementing power projects in private Sector or through public private 
partnership 1[or for public sector power projects,] as per power system 
requirements; 
(f) function as a one-stop organization on behalf of the Federal Government and its 
Ministries, Departments and agencies in relation to private power companies, 
2[*] sponsors, lenders and  whenever necessary or appropriate, other interested  
2[persons]; 
(g) draft, negotiate and enter into security package documents or agreements and 
guarantee the contractual obligations of entities under the power policies; 
 
1Ins. by Act XXXIX of 2016, s, 3(i) 
2Omitted and Subs. by Act XXXIX of 2016, s, 3(ii) 
 
  
 
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(h) execute, administer and monitor contracts; 
(i) prescribe and receive fees and charges for processing applications and deposit 
and disburse or utilize the same, if required; 
(j) obtain from sponsors or private power companies, as the case may be, security 
instruments and encash or return them, as deemed appropriate; 
(k) act as agent for development, facilitation and implementation of power policies 
and related infrastructure in the Gilgit-Baltistan areas and AJ and K; 
(l) prescribe, receive, deposit, utilize or refund fees and charges, as deemed 
appropriate; 
(m) open and operate bank accounts in local and foreign currencies as permissible 
under the laws of Pakistan; 
(n) commence, conduct, continue and terminate litigation, arbitration or alternate 
dispute resolution mechanisms at whatever levels may be necessary or 
appropriate and hire and pay for the services of lawyers and other experts 
therefor; 
(o) appoint technical, professiona l and other advisers, agents and consultants, 
including accountants, bankers, engineers, lawyers, valuers and other persons 
in accordance with section 11; 
(p) hire professional and supporting staff and, from time to time, determine the 
emoluments and terms  of their employment, provided always that at no stage 
shall such emoluments be reduced from such as are agreed in the contracts with 
such persons; and 
(q) perform any other function or exercise any other power as may be incidental or 
consequential for the performance of any of its functions or the exercise of any 
of its powers or as may be entrusted by the Federal Government to meet the 
objects of this Act. 
1[5A. Organization of the Board. — (l) The Board may, for carrying out its functions for 
promotion an d development of transmission, dictmibution and generation of conventional and 
alternative and renewable energy and related infrastructure, monitoring of alternative and renewable 
energy products and projects, project management and certification of vendor s, installers and service 
providers, establish one or more organization as it may consider necessary. 
(2) An organization established under sub -section (l) shall be subject to control and 
supervision of the Board and shall function within the framework of this Act, and perform such 
functions as may be prescribed by regulations. 
 
1Ins., by Act XXVI of 2023,s.5. 
 
 
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5B. Institute of energy technologies.— (1) The Board may, for carrying out its functions 
of commercial application of alternative or renewable energy and development and promotion of 
generation, transmission and distribution and related infrastructure, establish an institute for the 
development of corresponding human resource. The institute shall also provide economic and policy 
counseling and conduct alternative or renewable economic research. 
(2) The institute established under sub-section (1) shall conduct its business in such manner 
as may be prescribed by regulations. 
(3) The institute may be funded subject to the public finance management Ac t, 2019, by 
such fees and charges as may be prescribed by rules.] 
PART-III 
MANAGEMENT AND ADMINISTRATION 
6. Composition of the PPIB.__  (1) The general management and administration of affairs 
of the PPIB shall vest in the Board, which shall consist of the following, namely:__ 
(a) 1[Secretary of the administrative Division] , Government of Pakistan ___ 
Chairman; 
(b) 1[* * * * * * *] 
(c) Secretary, Ministry of Finance, Government of Pakistan or his nominee not 
below the rank of Additional Secretary or equivalent__ Member; 
1[(ca) Secretary of the Division to whic h business of climate change stands 
allocated or his nominee not below the rank of Additional Secretary or 
equivalent — Member;] 
(d) Secretary, 1[of the Division to which business of Petroleum stands allocated], 
Government of Pakistan or his nominee not below the rank of Additional 
Secretary or equivalent__ member; 
(e)  Secretary, Planning Commission, Government of Pakistan or his nominee not  
below the rank of Additional Secretary or equivalent__ Member; 
(f) Chairman, Federal Board of Revenue__ Member; 
(g) Chairman WAPDA__ Member; 
(h) Managing Director, PPIB__ Member; 
(i) Chief Secretaries of Provinces and AJ and K or their nominees not below the 
rank of Additional Secretary or equivalent__ Member; 
(j) One representative 1[*] from Gilgit-Baltistan (G.B) 1[**] to be nominated by 
Chief Minister, G.B. 1[***] respectively; and 
 
1Subs. Omitted and Ins., by Act XXVI of 2023,s.6.  
 
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(k) One representative from private sector from each Province to be nominated by 
the respective Provincial Government. 
(2) The Board shall appoint a Secretary to the Board. 
(3) The Federal Government may increase or decrease the number of members of the Board 
from time to time as it may consider appropriate and specify the  qualifications and procedure of 
appointment of the members. 
(4) No act or proceedings of the Board shall be invalid by reason only of the existence of a 
vacancy in or defect in the constitution of the Board. 
7. Managing Director and other members.__ (1) There shall be a Managing Director of 
PPIB who shall be appointed by the Federal Government. 
(2) The Managing Director shall be responsible for the day -to-day administration of the 
affairs of PPIB and shall, subject to the regulations, be assisted by the staff in carrying out the functions 
of PPIB. 
(3) The Managing Director shall be a Pakistani professional of known integrity and 
competence with a minimum of twenty years of related experience in law, business, engineering, 
finance, accounting, economics or the power industry. 
(4) The Managing Director shall be paid such remuneration and allowances and shall be 
entitled to such privileges and facilities as may be determined by the Board and the same shall not be 
varied to his disadvantage during his term of office. The members shall be entitled to such privileges 
and facilities as may be prescribed by regulations. 
(5) The Managing Director shall, unless he resigns or is removed from office earlier by the 
Federal Government, hold office for three years or for such period as may be extended by the Federal 
Government or on attaining the age of sixty-five years, whichever is earlier. 
(6) The members of the Board other than the ex-officio members shall, unless they resign 
or are removed from office earlier by the F ederal Government, hold office for three years or for such 
period as may be extended by the Federal Government or on attaining the age of sixty -five years, 
whichever is earlier. 
(7) No person shall be appointed or continue as managing Director or a member, if__ 
(a) he has been convicted of an offence involving moral turpitude or has been found 
guilty of misconduct; 
(b) he has been or is adjudged insolvent; 
(c) he is incapable of discharging his duties by reason of physical or mental 
unfitness and has been so declared by a special medical board appointed by the 
1[Board]; or 
 
1Subs., by Act XXVI of 2023,s.7.  
 
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(d) he fails to disclose any conflict of interest at or within the time provided for 
such disclosure by or under this Act or contravenes any of the provisions of Act 
pertaining to unauthorized disclosure of information. 
(8) A member other than ex-officio member may, at anytime, resign from his office by 
written notice addressed to the Federal Government. The office of a private sector member shall 
become vacant upon the death or resignation of such member. A vacancy caused by resignation or any 
other reason shall be filled by the appointment of a person qualified to fill such vacancy. 
(9) The Managing Director shall not, during his term of office in the PPIB, engage himself 
in any other service, business, vocation or employment and enter into the employment of or accept any 
advisory or consultancy relationship. 
(10) Subject to section 9 and any policy of the Board made in this behalf, the Managing 
Director may, at his discretion, delegate any of his functions to any other officers of PPIB. 
8. Meeting of the Board.__ (1) The meetings of the Board shall be presided over by the 
Chairman and in his absence a member designated by the Chairman shall preside over the meeting of 
the Board. 
(2) At least fifty per cent of the total membership of the Board shall constitute a quorum 
for meetings of the Board. 
(3) The meetings of the Board shall be held at such time and place as the Chairman of the 
Board or a majority of members may from time to time determine. The members shall have reasonable 
notice of the time and place of the meeting and the matters on which a decision by the Board is to be 
taken in such meeting. 
(4) Decisions of the Board shall be taken by the m ajority of its members present and in 
case of a tie the Chairman or the member presiding over the meeting shall, as the case may be, have a 
casting vote. 
(5) The Secretary shall keep minutes of the proceedings of every meeting of the Board. The 
decisions of the Board shall be recorded in writing. 
9. Delegation.__ (l) The Board may, for carrying out its functions, constitute such 
committees, from time to time, as may be considered necessary. The Board or any of its committees 
may invite any technical expert or other representative of a government or reputable private institution 
for assistance in the performance of its functions. The proceeding of the committees shall be duly 
reduced in writing and recommendation etc., shall be sent to the Board for approval. 
(2) The Board may, subject to such conditions and limitations as it may deem fit to impose, 
delegate any of its functions or powers to the Managing Director or one or more members of the Board 
or any officer of PPIB, except__ 
(a) the power to approve the audited accounts; 
(b) the power to incur annual expenses in excess of any limits set out in the 
regulations; 
(c) the power to commit anything involving financial liability or impact on the 
Federal Government; and 
 
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(d) the power to make or repeal regulations. 
(3) A delegation under this section shall not prevent the concurrent performance or exercise 
by the Board of the functions or powers so delegated. 
10. Employees.__ (1) To carry out the purposes of this Act, PPIB may, from time to time,  
employ persons to be staff of PPIB who shall be paid such remuneration and allowances and shall hold 
their employment on such terms and conditions as may be prescribed by regulations. 
(2) The staff of PPIB shall be liable to disciplinary action in accordance with the 
regulations. 
11. Employment of agents, advisers and consultants.__ (1) Subject to sub-section (2) the 
PPIB may employ any technical, professional and other advisers, agents and consultants, including 
accountants, bankers, engineers, lawyers, valuers and other persons to transact any business or to do 
any act required to be transacted or done in the exercise of its powers, the performance of its functions 
or for the better implementation of the purposes of this Act. 
(2) The decision to employ and the terms of em ployment of advisers, agents and 
consultants shall be made by PPIB in accordance with the regulations. 
12. Public servants. __ The Chairman, Managing Director, members, staff and other 
persons employed or authorized to perform or exercise any function or power under this Act or 
rendering services to PPIB as advisers, agents or consultants shall be deemed to be public servants 
within the meaning of section 21 of the Pakistan Penal Code, 1860 (Act XLV of 1860). 
13. Disclosure of interest.__ (1) Where a person is present at a meeting of the Board or any 
committee of the Board and that person or his family or his professional or business partner or associate 
has direct or indirect interest in the subject for consideration in that meeting, such person shall__ 
(a) forthwith disclose such interest: and 
(b) not take part in any consideration on that matter unless the Board or the 
committee thereof otherwise directs. 
(2) Where a member or staff, including an adviser, agent, consultant or family member of 
such person has a direct or indirect interest in any matter relating to PPIB, such person shall forthwith 
disclose such interest to the PPIB and the PPIB shall take such action as it deems appropriate. 
PART-IV 
FINANCIAL PROVISIONS 
14. Fund of the PPIB .__ (1) There is hereby established, for the purposes of this Act, a 
Private Power and infrastructure Board Fund to be administered and controlled by the PPIB. The 
operation of the PPIB shall be funded from the Fund. The Fund shall consist of__ 
(a) grants and loans from the Federal Government and by donor agencies; 
(b) proceeds from encashment of security instruments; 
(c) other loans or funds obtained by the PPIB subject to prior approval of the 
 
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Federal Government; 
(d) fees and all other sums collected by it as prescribed from time to time; 
(e) all other sums or property which may in any manner become payable to or 
vested in the PPIB in respect of any matter incidental to the exercise of its 
functions and powers; 1[*] 
(f) returns and profits on the investments 1[;] 
1[(g)  funds provided by the Federal Government for meeting the objectives of this 
Act including for payment of salaries, establishing infrastructure and running 
day to day business of the Board; 
(h) foreign aid, grants, loans negotiated or raised or otherwise ob tained by the 
Board, directly or through the Division to which business of economic affairs 
stands allocated; 
(i) income from sale of movable or immovable property; and 
(j) funds from floating bonds, shares, debentures, commercial papers or other 
securities issued by the Board or through any other means.] 
(2) It shall be the duty of the PPIB to conserve the Fund while performing its function and 
exercising its powers under this Act. 
15. Expenditure to be charged on Fund. __ The Fund shall be expended for the  purposes 
of__ 
(a) paying any expenditure lawfully incurred by the PPIB, including the 
remuneration and allowances of the Chairman, Managing Director, members, 
staff, employees, accountants, advisers, agents, consultants, lawyers, valuers 
and other experts appointed and employed by PPIB, including provident fund 
contributions, superannuating allowances or gratuities and legal fees and costs 
and other fees and costs, if any; 
(b) paying for expenditure incurred on__ 
(i) marketing and publicity; 
(ii) capacity building, seminars and conferences, and 
(iii) restructuring; 
(c) purchasing or hiring equipment, machinery and any other materials, acquiring 
land and constructing buildings and carrying out any other work and 
undertakings by PPIB in the performance of its  functions or the exercise of its 
powers under this Act. 
 
 
1Omitted, Subs., and Ins., by Act XXVI of 2023, s.8. 
  
 
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(d) re-paying any financial accommodation received or moneys borrowed under or 
pursuant to or by virtue of this Act and the profit, mark-up or return due thereon; 
and 
(e) paying any other expenses, costs or expenditure properly incurred or accepted 
by the PPIB in the performance of its functions or the exercise of its powers 
under this Act. 
16. Investment.__ The PPIB may, in so far as its moneys  are not required to be expended 
under this Act, invest amounts in such manner as prescribed by the Board from time to time. 
17. Bank accounts.__ The PPIB may open and maintain its accounts in local and foreign  
currencies in such scheduled banks and other financial institutions as it may from time to time 
determine in accordance with the instruction of the Federal Government in this regard. 
18. Account.__ (1) The PPIB shall maintain proper accounts and other records relating to 
its financial affairs and sha ll, as soon as practicable after the end of each financial year, cause to be 
prepared for that financial year statements of accounts of the PPIB which shall include a balance sheet 
and an account of income and expenditure. 
(2) The financial year of PPIB shall be the period of twelve months ending on the 30th June 
in each year. 
19. Audit.__ The accounts of PPIB shall be audited annually by a reputable firm of chartered 
accountants approved by the Board from amongst the approved list of Auditor General of Pakistan: 
Provided that the Federal Government may also require the Auditor -General of Pakistan to 
conduct special audit of the PPIB, as and when it considers necessary. 
PART-V 
MISCELLANEOUS 
20. Information.__ The PPIB may call for any information required by  it for carrying out 
the purposes of this Act or as is required under contracts entered into by the PPIB from any person 
involved, directly or indirectly, in the power sector or any matter incidental or consequential thereto 
and any such person shall provide the required information called by the PPIB. 
21. Annual report.__ (1) As soon as practicable but no later than three months after the end 
of each financial year, Secretary shall prepare and submit to the Board an annual report concerning its 
activities during the financial year within three months. The Chairman of the Board shall submit the 
same before the Council of Common Interests and both Houses of the Majlis-e-Shoora (Parliament). 
(2) The report referred to in sub-section (1) shall include__ 
(a) activities of PPIB during the financial year; 
(b) an audited statement of income and expenditure; 
(c) an audited balance sheet; and 
(d) any other matter which the PPIB may consider appropriate. 
 
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22. Indemnity.__ No suit, prosecution or other legal proceedings shall lie against the 
Chairman, Managing Director, members, consultants, officers or other employees of PPIB in respect 
of anything done or intended to be done in good faith under this Act. 
23. Power to make rules.__ The 1[Federal Government] may, by notification in the official 
Gazette, make rules,  not inconsistent with the provisions of this Act, for exercising its powers and 
carrying out of its functions under this Act and any other matter incidental or consequential to the 
implementation of this Act. 
24. Power to make regulations. __ The 1[Board] may, 1[* * *] , make regulations, not 
inconsistent with this Act and the rules, concerning the internal affairs of PPIB. 
25. Act to override other laws. __ The provisions of this Act shall have effect 
notwithstanding anything inconsistent contained in any other law for the time being in force. 
 
26. Common seal.__ The PPIB shall have a common seal and such seal shall be kept in the 
custody of the Managing Director or such other person as may be authorize d by the regulations. 
Documents required or permitted to be executed under seal shall be specified in and authenticated in 
such manner as shall be authorized by regulations. 
27. Support of the Federal Government.__ The Federal  Government and all its agencies, 
particularly the concerned enterprises owned and controlled wholly or partially, directly or indirectly 
by the Federal Government shall render such support to the PPIB as may be necessary to fulfill its 
objective and functions under this Act. 
28. Removal of difficulties. __ If any difficulty arises in giving effect to any provision of 
this Act the Federal Government may make such order, not inconsistent with the provisions of this 
Act, as may appear to it to be necessary for the purposes of removing the difficulty. 
29. Dissolution of the Board. __ (1) Upon commencement of this Act, the Private Power 
and Infrastructure Board established and reconstituted vide the Federal Government's Notification 
No.PPC- 3(33)/94, dated the 2nd August, 1994 and other related notifications issued from time to time 
hereinafter referred to as the former board, shall stand dissolved and upon such dissolution:__ 
(a) all assets, rights, powers, authorities and privileges and all property, cash and 
bank balances, reserve funds, investment and all other interests and rights in or 
arising out of such property and all debts, liabilities and obligations of whatever 
kind of the former board subsisting immediately before its dissolution shall 
stand transferred to and vest in PPIB constituted under this Act; 
(b) notwithstanding anything contained in this Act or any other law for the time 
being in force or in any agreement, deed, document, or other instrument.__ 
(i) Chairman of the former board shall continue as the Chairman of PPIB; 
(ii) the Managing Director of the former board shall continue as the 
Managing Director unless and until a Managing Director is appointed 
under section 7; 
 
1Subs., and Omitted by Act XXVI of 2023,s.9-10. 
  
 
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(iii) a member of the former board shall continue to be a member of the PPIB 
unless and until such member is appointed under section 7; and 
(iv) all officers, consultants, advisers, auditors and other employees and staff 
of the former board shall stand transferred to and be officers consultants, 
advisers, auditors and employees and staff of PPIB; 
(c) the persons mentioned in clause (b) shall be deemed to have been appointed or 
engaged by PPIB in accordance with the same terms and conditions of service 
as were applicable to them, immediately before such continuance in office or 
transfer under this Act and shall not be entitled to compensation because of such 
continuance or transfer: 
Provided that the civil servants appointed to or working in the former 
board shall upon their transfer to the PPIB continue to be governed by the Civil 
Servants Act, 1973 (LXXI of 1973) and rules made thereunder; 
(d) all debts and obligations incurred or contracts entered into, rights acquired and 
all matters and things engaged to be done by, with or for the former board shall 
be deemed to have been incurred, entered into, acquired or engaged to be done 
by, with or for the PPIB; 
(e) all suits and other legal proceedings instituted by or against the former board 
before its dissolution shall be deemed to be suits and proceedings by or against 
the PPIB and shall be proceeded or otherwise dealt with accordingly; and 
(f) any reference to the former board in any statutory instrument or document shall, 
unless the context otherwise requires, be read and construed as reference to be 
PPIB. 
(2) All rules, regulations, notifications, orders or instructions in force pertaining to or in 
anyway concerned with or affecting the former board immediately before the commencement of this 
Act, shall, so far as they are not inconsistent with any of the provisions of this Act, continue to be in 
force until repealed, altered or rescinded by rules or regulations made under this Act. 
1[30. Dissolution of Alternative Energy Development Board. — (1) Upon commencement 
of the Private Power and Infrastructure Boar d (Amendment) Act, 2021, the Alternative Energy 
Development Board established under section 3 of the Alternative Energy Development Board Act, 
2010 (Act XIV of 2010) shall stand dissolved and upon such dissolution__ 
(a) the alternate energy fund established under section 13 of the Alternative Energy 
Development Board Act, 2010 (Act XIV of 2010) shall stand transferred and 
vest in the Private Power and Infrastructure Development Board Fund 
established under section 14; 
(b) all assets, rights, powers, authori ties and privileges and all property, cash and 
bank balances, reserve funds, investment and all other interests and rights in or 
arising out of such property and all debts, liabilities and obligations of whatever  
 
1Ins., by Act XXVI of 2023,s.11. 
 
Page 16 of 17 
 
kind of the dissolved Alternative Energy Development Board subsisting 
immediately before its dissolution, shall stand transferred to and vest in the 
PPIB; 
(c) notwithstanding anything contained in this section or any other law for the time 
being in force or in any  agreement, deed, document or other instrument, all 
officers consultants, advisers, auditors and other employees and staff of the 
dissolved Alternative Energy Development Board shall, after the 
commencement of the Private Power and Infrastructure Board (Am endment) 
Act, 2021, stand transferred and to be officers, consultants, advisor, auditors and 
employees and staff of the P IB: 
Provided that— 
(i) upon such transfer the emoluments of all officers, other employees and staff of 
the dissolved Alternative Energy Development Board shall not be varied to their 
disadvantage as they were entitled to receive in accordance with the dissolved 
Alternative Energy Development Board Act, 2010 (Act XIV of 2010); 
(ii) The persons so transferred shall be deemed to have been appointed or engaged 
by the PPIB in such grades; and on such terms and conditions as will be 
determined by the Board having regard to equivalence of respective grades, 
qualifications and experience of employees of the dissolved Alternative Energy 
Development Board with the respective grades, qualifications and experience 
of existing staff of PPIB; 
(iii) Persons so transferred shall not be entitled t o additiona l compensation only 
because of such continuance or transfer; and 
(iv) Any civil servants appointed to or working in the dissolved Alternative Energy 
Development Board shall upon their transfer to the PPIB continue to be 
governed by the Civil Ser vants Act, 1973 (LXXI of 1973) and rules made 
thereunder. 
(d) immediately after the commencement of the Private Power and Infrastructure 
Board (Amendment) Act, 2021, the Board shall announce and notify a voluntary 
separation allowance under a voluntary separation scheme for such transferred 
officers, other employees and staff who may opt for such voluntary separation 
allowance within a period of three months after such notification after such 
option is exercised and payment of such voluntary separation allowance is made 
to such officers, other employees and staff, their employment shall stand 
terminated with immediate effect. After such maximum period of three months 
such transferred officers employees and staff who have not opted for voluntary 
separation allowance shall be deemed to have been appointed and engaged by 
the Board from the date of such transfer. All payments made in respect of such 
voluntary separation  scheme by PPIB sh all be reimbursed by the Federal -
Government within a period of six months; 
(e) all debts and obligations incurred or contracts entered into, guarantees issued, 
rights acquired and all matters and things engaged to be done by, with or for the 
dissolved Alternative Energy Development Board shall be deemed to have been 
 
Page 17 of 17 
 
incurred, entered into, acquired or engaged to be done by, with or for the PPIB; 
(f) all suits, arbitrations and other 1egal  proceedings instituted by or against the 
dissolved Alternative Energy Development Board before its dissolution shall be 
deemed to be suits, arbitrations and proceedings by or against the PPIB and shall 
be proceeded or otherwise dealt with accordingly; and 
(g) any reference to the Alternative Energy Development Board so dissolved in any 
statutory instrument, policy or other document or instrument shall, unless the 
context otherwise requires, be read and construed as reference to be PPIB. 
(2) Notwithstanding anything contained to the contrary in the Private Power and 
Infrastructure Board (Amendment) Act, 2021, the terms and conditions of the existin g PPIB officers, 
other employees and staff shall not be varied to their disadvantage due to appointment and engagement 
of such transferred officers, employees and staff. 
(3) All rules, regulations, policies, notifications, orders, tax exemptions as provided under 
section 24 of the Alternative Energy Development Board Act. 2010 (Act XIV of 2010) or instructions 
in force pertaining to or in any way concerned with or affecting the dissolved Alternative Energy 
Development Board immediately before commencement o f the Private Power Infrastructure Board 
(Amendment) Act, 2021, shall, so far as they are not inconsistent with any of the provisions of this 
Act, continue to be in force until repealed, altered or rescinded by rules or regulations made under this 
Act. 
31. Exemption from taxes. — Notwithstanding anything contained in the Income Tax 
Ordinance, 2001 (XLIX of 2001), or any other law for the time being in f‹ ce relating to income tax, 
the Board shall not be liable to pay any such tax on its income, investment, capital profit, wealth, gifts 
or gains. 
32. Issuance of policy directives. — The Federal Government may as and when it 
considers necessary issue policy directives, not inconsistent with this Act, to the Board in respect of 
its activities and compliance of such directives shall be binding on the Board. 
33. Repeal.— The alternative Energy Development Board Act, 2010 (XIV of 2010) is 
hereby repealed.] 
 
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