I think this is just window dressing like everything else. First the govt had to pay 400 billion before they start talking. Where will they find the money and even if the do the London Arbitration stays. That means if the don’t like how the proceedings are going the can invoke London Arbitration. I seriuosly think IPPs will take the money and then negotiate. Remember we are not dealing with spring chicken!
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PESHAWAR: The provincial government has allocated Rs11.652 billion for the ongoing development schemes in the energy and power sector while Rs1.281 billion will be spent on new projects. It was revealed in the 14th meeting of the Board of Directors of Khyber Pakhtunkhwa Hydel Development Fund held here with Chief Minister Mahmood Khan in the chair, said a statement issued on Sunday. The allocated funds would be utilised for completion of 21 ongoing schemes and 19 new projects. Provincial Minister for Finance Taimur Saleem Jhagra, Special Assistant to Chief Minister…
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ISLAMABAD: Information Minister Shibli Faraz on Saturday said the government would ensure the supply of affordable electricity by 2023 and accused past rulers of signing agreements with independent power producers (IPPs) at high rates for personal gains. “The government is taking practical measures to ensure the availability of electricity at affordable tariff rates,” he said at a news conference, accompanied by Special Assistant to the Prime Minister on Power Division Shahzad Qasim. The information minister was speaking to the media a day after Prime Minister Imran Khan announced that the…
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ISLAMABAD: In a major breakthrough, the government has ultimately managed to earn credit for paving way towards introducing fundamental changes in the Power Purchase Agreements (PPAs) with the IPPs installed under 2002 power policy. This will ensure huge relief for the end consumers and government. However, talks are in final stages with the IPPs installed under 1994 and 2015 power policies. The government is also in talks for maximum relief through some alternation in the PPAs of the IPPs (coal based power plants and RLNG based power plants) installed under…
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ISLAMABAD: Federal Ombudsman Syed Tahir Shahbaz has directed Ogra, SNGPL and SSGPL to streamline their complaint management system and resolve all public issues on a priority basis by August 20. “Complaints against gas companies have increased by 120% during 2019 and the first six months of 2020,” the ombudsman said while chairing a high-level meeting here on Tuesday. Ogra chairman and heads of SNGPL and SSGPL were in attendance. The ombudsman directed the heads of all three agencies to implement all decisions passed by it by August 20, said a…
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