Month: December 2020

ISLAMABAD: As many as 53 independent power producers (IPPs) that signed MoUs with the government providing estimated relief of Rs836 billion in their remaining period of PPAs, have got irritated on the non-seriousness on part of the Power Division in finalising payment mechanism for offloading dues of Rs462 billion and implementation of their recommendations mentioned in MoUs. The IPPs also conveyed to the government that they will not provide the relief of over Rs135 billion, which is due in the head of late payment surcharge saying waiving off the amount…

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ANALYSTS often highlight the need for capable leadership in Pakistan’s energy ministry. Those at the helm of decision-making have persistently succeeded only in strengthening that view. The unceremonious and abrupt reshuffling of the Power Division recently indicated how the federal government was struggling to get a handle on the sector’s state of affairs. Now there’s a new special assistant to the prime minister and a federal secretary. This analyst spoke with SAPM Tabish Gauhar to learn about his vision and priorities, which have yet to get a formal nod from…

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Sui Southern Gas Company and the National Transmission & Despatch Company (NTDC) have linked the signing of Gas Supply Agreement (GSA) and Power Purchase Agreement (PPA) with K-Electric to the clearance of their outstanding dues of Rs253 billion. SSGC wants K-Electric to guarantee the payment of Rs103 billion prior to the GSA while NTDC also needs clearance of its Rs150 billion worth dues, said an official source. In this regard, a meeting is due next week between the government and K-Electric official to resolve the issue of GSA and PPA,…

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