Govt to review and ‘terminate contracts with 15 IPPs’



The Pakistani government has decided to evaluate and terminate agreements with 15 Independent Power Producers (IPPs) in order to provide relief to the public overwhelmed by high electricity rates, according to sources on Thursday.

A working committee, chaired by Energy Minister Awais Leghari, has completed the framework for addressing the issue. Contracts with six IPPs created in the 1990s will be terminated immediately, and agreements with nine others will be phased out over time.

According to sources, contracts with Gul Ahmed Energy Limited, Kohinoor Energy, Liberty Power Project, Tapal Energy Limited, Attock Generation, and KAPCO will be terminated without extension. In addition, agreements with Lal Pir, Pakgen, Fauji Kabirwala Power, Habibullah Coastal, Japan Power Generation, Saba Power, Hubco, Southern Electric Power, and Rousch Power would be phased out over the next three to five years.

The government is also developing a framework for people who consume more than 201 units of power. The policy governing the same slab for consumers who surpass 201 units in six months will be amended. Special slabs will be implemented for these clients, with a suggested tariff of Rs26 per unit for those with more than 201 units.

Federal Minister Awais Leghari emphasized the importance of the energy sector to the economy, saying, “We are implementing reforms in the energy sector and will ensure their execution.”

He emphasized the importance of collaboration in implementing these reforms, citing the role of the national task group in overseeing the 20-point reform plan. “The sooner we address these issues, the quicker the economy will stabilise,” he said.






.


















.


















.


















.













Hot this week

An Update On Our Efforts To Accelerate The Large-Scale Application Of AI In Robotics

An Update On Our Efforts To Accelerate The Large-Scale...

Cuts Will Have A “Profound Effect” On Services, Robison Says.

Cuts Will Have A "Profound Effect" On Services, Robison...

Protests And A Strike Push For A Deal With The Hostages In Gaza

The largest labor union in Israel claims that thousands...

Despite the Royal Family’s “serious issues” with King Charles, Camilla made a significant commitment.

Despite the Royal Family's "serious issues" with King Charles,...

Israeli Protestors Reach A “Breaking Point” After Hostage Killings.

Israeli Protestors Reach A "Breaking Point" After Hostage Killings.Protesters...

Topics

An Update On Our Efforts To Accelerate The Large-Scale Application Of AI In Robotics

An Update On Our Efforts To Accelerate The Large-Scale...

Cuts Will Have A “Profound Effect” On Services, Robison Says.

Cuts Will Have A "Profound Effect" On Services, Robison...

Protests And A Strike Push For A Deal With The Hostages In Gaza

The largest labor union in Israel claims that thousands...

Israeli Protestors Reach A “Breaking Point” After Hostage Killings.

Israeli Protestors Reach A "Breaking Point" After Hostage Killings.Protesters...

NASA Announces News Conference And Return To Earth For Starliner

NASA Announces News Conference And Return To Earth For...

Antonio Banderas is Thrilled About Stella, His Daughter, Being Engaged.

Antonio Banderas is thrilled about Stella, his daughter, being...

As Protests Continue, Netanyahu Begs For “Forgiveness” Over The Hostage Murders.

As Protests Continue, Netanyahu Begs For "Forgiveness" Over The...
spot_img

Related Articles

Popular Categories

spot_imgspot_img