Power Tariff Cuts & IPP Deal Updates
Talking in a meeting of the National Assembly’s standing committee for energy he said that the power tariff has decreased,” Power price has dropped for consumers, we have saved 1100 billion rupees by renegotiated agreements with IPPs.”
He said all agreements with independent power producers (IPPs) will be reviewed. “People will save good money after this review,” he said.
“We are taking 15 more contracts with the IPPs to the cabinet,” Leghari said. “Now is the turn of the government power plants in the process of negotiations with the IPPs,” the minister said.
He said negotiations are underway with the IMF over the captive power plants and the issue is heading toward a conclusion. “The captive power plants issue will come to an end by the end of this month”.
“We can slash the power price by 10 to 12 rupees,” the minister said. The power minister said that domestic consumers’ electricity has dropped by four rupees.
Replying to a question he said, that K-Electric has demanded a huge amount concerning a seven-year Multi-Year Tariff (MYT).
The minister also said that the Khyber Pakhtunkhwa’s chief minister’s performance over Kunda culture has not been appropriate.
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