Top Story
February 3, 2021
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.
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.