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January 15, 2025

The Pakistan Daily

FeaturedNewsPakistan

Federal Cabinet approves revised agreements with 14 IPPs

The Federal Cabinet has approved revised agreements with fourteen Independent Power Producers. The Cabinet, which met in Islamabad with Prime Minister Shehbaz Sharif in the chair, approved a proposal to reduce the profit and cost of these IPPs by 802 billion rupees A deduction of 35 billion rupees will be made from the additional profits of these IPPs over the past years. Under the revised agreements with IPPs, the government will benefit by 1.4 trillion rupees. Speaking on the occasion, the Prime Minister said the revised agreements with IPPs will not only save the national exchequer, and eliminate circular debt

January 10, 2025

The Pakistan Daily

FeaturedNewsPakistan

Govt saved Rs 1.1 trillion through talks with IPPs: Awais Leghari

ISLAMABAD: Minister for Power Division Sardar Awais Ahmed Khan Leghari said that the government has saved Rs 1.1 trillion through negotiations with Independent Power Producers (IPPs). Addressing at the concluding ceremony of 4th International Hydropower Conference jointly organized by Energy Updates with collaboration of Private Power Infrastructure Board (PPIB), WAPDA and other stakeholders, the minister said that the government and IPPs mutually renewed the contracts in the interest of Pakistan. He said that people could not longer afford to pay the electricity bills and the government was going to revamp the entire power sector. “We are also restructuring National Transmission