ISLAMABAD: The government’s energy task force, led by Federal Energy Minister Sardar Awais Khan Leghari, has renegotiated Power Purchase Agreements (PPAs) with about a dozen Independent Power Producers (IPPs) established under the 1994 and 2002 Power Policies, according to official sources. The task force, comprising top officials and energy experts, is holding firm negotiations with IPPs to address issues related to excessive profits, historical financial gains, and interest on delayed payments. While some IPPs initially resisted the proposed changes, they eventually agreed after being presented with evidence of irregularities, sources…
Read MoreRevised PPAs Signed with Dozen IPPs as Task Force Pushes for Consumer Relief
