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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 15, 2025

Muhammad Zamir Assadi

FeaturedNewsPakistan

Karot Hydropower Project pushes economic growth for Pakistan, CSAIL

Islamabad: The Karot Hydropower Project (HPP) stands as a model for Pakistan’s renewable energy future, balancing clean energy production, environmental stewardship, and economic development. While briefing the media and parliamentary delegation organized by “Understanding China Forum” at Karot HPP on Monday, Senior Advisor at China Three Gorges South Asia Investment Ltd (CSAIL) has said that the generation of reliable and affordable electricity will also help improve industrial productivity and support the growth of other sectors such as agriculture, manufacturing, and services, which depend heavily on consistent energy supply. Furthermore, the project’s long-term operation will reduce Pakistan’s energy import dependency, contributing