Year: 2020

August 17, 2020 (MLN): Prime Minister Imran Khan had disclosed that after negotiation with IPPs, they reached an understanding of reduction in the capacity payments, late payment surcharge (LPS), and sharing of savings on account of plant efficiencies while Government would make payment of outstanding receivables. Government and Independent Power Producers (IPPs) signed a new Memorandum of Understanding (MoU) agreement to pave the way for a reduction in power generation cost and future circular debt. In addition to this, the government and WPPs signed an MoU to increase the term of…

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IN what is being described as a breakthrough, the government got what it had long been seeking: wind power plants/IPPs set up under the 1994 and 2002 power policies have agreed on revising their power purchase agreements to give up part of their overall returns. Shortly after the MoUs between the government and the power producers had been signed, the prime minister took to Twitter to “congratulate the nation because we are fixing the damaging structure we inherited in our power sector”. The agreement will help bring down generation costs…

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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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