10/08/2024
The Pakistani government has decided to review and terminate agreements with 15 Independent Power Producers (IPPs) to provide relief to the public burdened by high electricity costs.
In efforts led by Energy Minister Awais Leghari, a task force has finalised the framework to address the issue. The government plans to immediately end contracts with six IPPs established in the 1990s and gradually phase out agreements with nine others.
Sources revealed that contracts with
- Gul Ahmed Energy Limited,
- Kohinoor Energy,
- Liberty Power Project,
- Tapal Energy Limited,
- Attock Generation, and
- KAPCO
will be terminated without extension. Additionally, agreements with
- Lal Pir,
- Pakgen,
- Fauji Kabirwala Power,
- Habibullah Coastal,
- Japan Power Generation,
- Saba Power,
- Hubco,
- Southern Electric Power, and
- Rousch Power
will be phased out over the next three to five years
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