Economists and experts participate in the show “Aakhri Mauqa” on Geo News. — screenshot/GeoNews/YouTube The Prime Minister’s aide said the IPPs had ordered the suspension of the SECP audit. Former Hubco CEO advises government to withdraw from single buyer regime. The government pays Rs 2 trillion per year to IPPs in capacity payments. As the … Read more
Electricity transmission towers are pictured in Karachi on July 26, 2022. — Reuters NTDC issues merit order for negotiations with IPPs running on expensive fuel. Halmore Power is producing electricity at a staggering rate 61.23 Rs per kWh. Uch has the lowest production cost at Rs 3.11 per kWh via natural gas. ISLAMABAD: The government … Read more
A representative image of pylons and power lines. — Reuters/File Five IPPs received capacity payments above 50% of contributions in FY23. Government disbursed over Rs 769 billion for 12 IPPs in FY 2023-24: Document. Publication of the list of IPPs that produced electricity at the highest prices. Days after the government approved “settlement agreements” with … Read more
Prime Minister Shehbaz Sharif chairs a federal cabinet meeting in Islamabad in this undated photo. — APPLICATION/File The government claims the move would save the national exchequer Rs238 billion. The Prime Minister said the government was taking all possible measures to reduce electricity tariffs. “A mechanism has been developed to enable the safe evacuation of … Read more
Federal Minister for Energy Sardar Awais Ahmad Khan Leghari. — APPLICATION/File Federal Energy Minister Awais Leghari said on Friday that negotiations with 11 other independent power producers (IPPS) were currently underway to reduce electricity tariffs. While briefing on the ‘Bijli Sahulat package’, Laghari said the government had terminated power purchase agreements with five IPPs, a … Read more