Tag: PPA

Rousch Power Completes Complex Handover

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power-producer

KARACHI/ISLAMABAD: Rousch Pakistan Power Ltd (RPPL), an independent power producer, has handed over its power complex to the National Power Parks Management Company Ltd after finalizing payments with the Central Power Purchasing Agency (CPPA). Altern Energy Ltd (AEL), RPPL’s parent company, confirmed the move in a stock filing, noting the early termination of its Power Purchase Agreement (PPA) as part of a Negotiated Settlement Agreement (NSA). The decision, approved in November 2024, marks the completion of RPPL’s contractual obligations and formalizes the transition as of December 31, 2024.

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Suki Kinari hydel project: Delay in power evacuation to attract LDs, govt warned

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dam

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives (MoPD&SI) has warned the government that any delay in evacuation of power from $2 billion 884-MW Suki Kinari hydel project being established under CPEC will attract Liquidity Damages (LDs), well informed sources told Business Recorder. Secretary Planning, Development and Special Initiatives Awais Manzur Sumra sent this unambiguous message to Secretary Power Division. Power Division has been informed that 884-MW Suki Kinari Hydropower project is one of the biggest investment power projects under CPEC at a cost of $ 2 billion invested by,…

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