Revised power tariff
By Khalid Mustafa
ISLAMABAD: In a major breakthrough, all the 47 independent power producers, who had signed MOUs in August 2020 paving way for discounted tariff of Rs836 billion in the next 10-12 years, have now initialed legally-binding Master Agreements.
The process got completed when the last batch of six IPPs, seeking resolution of the issue of excess profit of Rs53 billion through local arbitration tribunal, also initialed the Master Agreements on Monday night, a senior official privy to the development told The News. Now the ECC and Federal Cabinet will approve the new power purchase agreements (PPAs) after IPPs get nod from their board of directors (BODs) within 3-4 days and in all likelihood the formal signing of amended PPAs will start from next week.
Top Story
January 23, 2021
ISLAMABAD: As many as 19 Independent Power Producers IPPs out of 47 have agreed to the legally binding contracts with the government after six more IPPs initialed the Amended Power Purchase Agreements on Thursday. However, 13 IPPs led by Mansha Group is seeking resolution of excess profits of Rs55 billion through experts’ panel.
Three leading IPPs: Orient Power, Sapphire and Halmore installed under the 2002 power policy led by SAPM on Petroleum Nadeem Babar, who has majority shares in Orient Power and Oursun, had first initialed the amended PPAs. They prefer NEPRA to settle the contentious issue. “The signing of the agreement between government officials and IPPs will be held after approval by the federal cabinet and their respective boards. Earlier, solar and bagasse based power plants signed amended PPAs.” Similarly six more IPPs including Saba, Lalpeer, PakGen, Engro, Atlas, Saif installed under 1994 and 2002 power policy initialed the Mast
Top Story
January 22, 2021
ISLAMABAD: As many as 19 Independent Power Producers IPPs out of 47 have agreed to the legally binding contracts with the government after six more IPPs initialed the Amended Power Purchase Agreements on Thursday. However, 13 IPPs led by Mansha Group is seeking resolution of excess profits of Rs55 billion through experts’ panel.
Three leading IPPs: Orient Power, Sapphire and Halmore installed under the 2002 power policy led by SAPM on Petroleum Nadeem Babar, who has majority shares in Orient Power and Oursun, had first initialed the amended PPAs. They prefer NEPRA to settle the contentious issue.
“The signing of the agreement between government officials and IPPs will be held after approval by the federal cabinet and their respective boards. Earlier, solar and bagasse based power plants signed amended PPAs.” Similarly six more IPPs including Saba, Lalpeer, PakGen, Engro, Atlas, Saif installed under 1994 and 2002 power policy initialed the Mas
Khalid Mustafa
ISLAMABAD: As many as 19 Independent Power Producers IPPs out of 47 have agreed to the legally binding contracts with the government after six more IPPs initialed the Amended Power Purchase Agreements on Thursday. However, 13 IPPs led by Mansha Group is seeking resolution of excess profits of Rs55 billion through experts’ panel. Three leading IPPs: Orient Power, Sapphire and Halmore installed under the 2002 power policy led by SAPM on Petroleum Nadeem Babar, who has majority shares in Orient Power and Oursun, had first initialed the amended PPAs. They prefer NEPRA to settle the contentious issue. “The signing of the agreement between government officials and IPPs will be held after approval by the federal cabinet and their respective boards. Earlier, solar and bagasse based power plants signed amended PPAs.” Similarly six more IPPs including Saba, Lalpeer, PakGen, Engro, Atlas, Saif installed under 1994 and 2002 power policy initialed the Master Agreement on