New Agreements with 14 IPPs approved by government to cut Electricity Costs
The federal cabinet has given its approval to the power division’s recommendation to revise the negotiated settlement agreements with 14 Independent Power Producers (IPPs). This strategic move aims to significantly reduce electricity costs and is expected to save the national exchequer a substantial Rs.1.4 trillion.
Mehfooz
Cabinet Approves of Settlement Agreements with Eight IPPs to Reduce Power Tariffs
The federal cabinet in its meeting, with Prime Minister Muhammad Shehbaz Sharif in the chair, approved settlement agreements with eight independent power plants (IPPs) running on bagasse. These power plants included DW Unit I, Unit II, RYK Mills, Chiniot Power, Hamza Sugar, Al-Moez Industries, Thal Industries and Chinar Industries. After the approval of these agreements,…
Editor
Terminating PPAs – A panacea to release consumers from IPPs clutches
Switching towards Competitive Trading Bilateral Contracts Market (CTBCM) regime, liberalization and privatization of power sector will have longstanding effects on power tariff, paving way for relief to consumers and contribute to overall economic growth of the country.
Adil Aziz
FPCCI’s demand to bring retail tax on final stage, cut in mark-up and power tariff
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) demanded of the government to reduce the interest rate to 12 percent. The electricity price should be reduced to 9 cents for all industries. Contracts with Independent Power Producers (IPPs) should be revisited. Cross subsidies of Rs 240 billion should be eliminated and tax on the retail sector should be taken at the final stage.