ISLAMABAD: On the recommendation of the Ministry of Energy and Power, the Federal Cabinet, with PM Shehbaz Sharif in the chair, approved dealing with eight IPPs to cut power costs here on Wednesday (11th December).
According to details 8 IPPs agreeing to revised production costs include JDW Unit-I and Unit-II, RYK Mills, Chiniot Power, Hamza Sugar, Al-Mueez Industries, Thal Industries and Chinar Industries. Now the Central Power Purchasing Agency will approach NEPRA for tariff adjustments. It is expected that following the agreements not only Rs.238 billion will go to the national kitty, the consumers will also get electricity at a affordable cost.
It may be recalled that taking to the Twitter (X) on 23rd July, 2024 Dr. Gohar Ejaz has revealed that FPCCI would challenge the IPP agreements in SCP. It is pertinent to mention here that billions of rupees, that belong to the citoyens of Pakistan, is dished out annually to the IPPs, that do not produce electricity.
Newspakistan.tv
