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Articles for tag: action, cut, finishes, IPPs, legal, NEPRA, offered, RS11BN, Triched, waiver

March 25, 2025

News Desk

Triched Cut, RS11BN Waiver offered by 7 Ipps If Nepra finishes legal action

A representation of a picture of the pillars and electricity lines. – Reuters/file CPPA supports the call for invoice review. Up to R0.50 per cut unit offered by IPPS. Nepra to revise the submission of a conditional report. ISLAMABAD: Seven independent electricity producers (IPPS) were offered to reduce electricity invoices by up to the R0.50 per unit and to resign from RS11 billion to delayed payments – provided that the government withdraws all continuing legal procedures and investigations. In a request for reviews submitted to the National Electricity Regulatory Authority (NEPRA), the IPPS claimed that fuel and operation and maintenance

January 31, 2025

News Desk

Govt reviews invoices with 14 Ipps

Listen to the article Islamabad: The government has successfully reached an agreement with 14 independent electricity producers (IPPs) for the review of invoices, which will lead to savings of RS813 billions for consumers and help resolve circular debt, estimated at 329 billion Rs. According to the revised agreement, the IPPs agreed to return excessive profits totaling $ 31 billion, compared to the initial allegations of 55 billion Rs. In addition, the Government has agreed to close continuing investigations by the National Accountability Bureau (NAB) and the National Regulatory Authority (Nepra) against some faculty, including Nishhat Power Limited, Nisht Chunian Power

January 15, 2025

The Pakistan Daily

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

December 15, 2024

News Desk

Government finalizes talks with 14 IPPs to reduce power costs

Electricity transmission towers are pictured in Karachi on July 26, 2022. — Reuters NTDC issues merit order for talks with IPPs operating in expensive fuel. Halmore Power produces electricity at an impressive level Rs 61.23 per kWh. Uch has the lowest generation cost at Rs 3.11 per kWh through natural gas. ISLAMABAD: The government has successfully concluded negotiations with 14 independent power producers (IPPs) based on residual furnace oil (RFO) on take and pay terms, The News reported on Sunday. This development comes in the wake of Prime Minister Shehbaz Sharif’s announcement of phasing out outdated power plants across the

December 10, 2024

News Desk

Cabinet highlights ‘settlement agreements’ with eight IPPs to reduce electricity tariffs

Prime Minister Shehbaz Sharif chairs a federal cabinet meeting in Islamabad in this undated picture. — APP/File The government says the move will save £238bn. Rs. The prime minister says the government is taking all possible measures to reduce electricity tariffs. “A mechanism has been developed for the safe evacuation of Pakistanis in Syria.” ISLAMABAD: As the incumbent government continues efforts to address rising electricity tariffs in the country, the federal cabinet on Tuesday approved “settlement agreements” with eight independent power producers (IPPs) running on bagasse — a move that the regime says it will benefit the national exchequer by

November 29, 2024

News Desk

Talks with 11 IPPs underway to reduce electricity tariffs: Energy Minister

Federal Minister for Power Sardar Awais Ahmad Khan Leghari. — APP/File Federal Energy Minister Awais Leghari said on Friday that negotiations are underway with 11 more independent power producers (IPPS) to reduce electricity tariffs. Briefing a meeting on the ‘Bijli Sahulat Package’, Laghari said the government has terminated power purchase agreements with five IPPs, a move expected to save billions of rupees in the economy by reducing capacity payments. He said that Pakistan will no longer be among the countries that generate expensive electricity. “We are optimistic that in the coming months, Pakistan will not be a country producing costly

November 11, 2024

News Desk

Government, 18 IPPs are likely to reach an agreement on the receive and pay function in two weeks

A representational image showing a row of electricity pylons. — Reuters/File The government will pay the past dues of the IPPs in the form of cash, bills. It will also continue to bail out IPPs on O&M costs. The move will enable the government to save Rs 70 to 100 billion annually. ISLAMABAD: Weeks after five Independent Power Producers (IPPs) started terminating their contracts in light of the outcry over inflated electricity bills, the incumbent government is likely to enter into an agreement with 18 IPPs to operate “take and pay” for the electricity market. The News reported on Monday.

October 10, 2024

News Desk

Govt targets Rs 8-10 per unit cut in power tariffs as five IPPs cancel contracts

Energy Minister Awais Leghari addresses a press conference in Islamabad, October 10, 2024. — Screengrab via Geo News Cut in electricity tariffs after talks with generation companies: Leghari. He says ISMO will allow consumers to buy electricity like stocks. “Elaboration of a program to enhance energy consumption in winter”. ISLAMABAD: Minister for Power (Energy Department) Awais Leghari said on Thursday that the government is aiming to reduce tariffs by Rs 8-10 per unit as five independent power producers (IPPs) canceled their contracts, a move expected to save Rs 411 billion Rs. “We will reduce the electricity tariff in mutual consultation

October 6, 2024

News Desk

Five IPPs ‘agree’ to government request to terminate ‘power purchase agreement’.

An electricity transmission tower in Karachi on January 24, 2023. — Reuters The IPOs will terminate the contracts once the details are finalised. The government will save up to Rs 150 billion in terms of capacity payments. The existing management is negotiating the dues owed to OPP. ISLAMABAD: As the incumbent government makes strenuous efforts to address multifaceted challenges in the power sector, five independent power producers (IPPs) have “agreed” to terminate their contracts as demanded by the government. The News reported on Sunday. According to an official part of the power sector task force, the details were being settled

September 25, 2024

News Desk

Private, state-owned IPPs to be given the same treatment by the government

A general view of power lines in Rawalpindi on January 23, 2023. — AFP State-owned factories will be moved to “receive and pay mode”, the official says. The government will only fund these power plants to keep them running. He also added that return on equity will be paid on a take-and-pay basis. ISLAMABAD: Amidst the current government’s efforts to address the Independent Power Producers (IPP) issue, Prime Minister Shehbaz Sharif’s government has decided to treat state-owned and private PPPs equally to make them operational on commissioning and payment , The News reported on Wednesday. “We have decided to take

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