The Private Power and Infrastructure Board (PPIB) was created in 1994 as "One Window Facilitator" to promote private sector participation in the power sector of Pakistan. PPIB facilitates investors in establishing private power projects and related infrastructure, executes Implementation Agreement (IA) with Project Sponsors and issues sovereign guarantees on behalf of Government of Pakistan. Its functions are summarized as under; * implement the power policies for the establishment of power projects through private sector investment. * award projects, prepare all necessary or appropriate documentation, execute any of such documentation with private power companies, their sponsors and lenders etc * to recommend and facilitate in the development of power policies; * to coordinate with the Provincial Governments, Local Governments, Azad Jammu and Kashmir (AJ&K) and regulatory bodies in implementation of the power policies; * to coordinate and facilitate the sponsors in obtaining consents and licences from various agencies of the Federal Government, provincial governments, local governments and AJ& K; * to draft, negotiate and enter into security package documents or agreements and guarantee the contractual obligations of entities under the power policies; * to perform any other function or exercise any other power as may be entrusted by the Federal Government.