KARACHI, November 11 2024: In a recent briefing to the Senate Standing Committee on Power, an update on the government’s negotiations with Independent Power Producers (IPPs) took centre stage. The co-chair of the Energy Task Force announced the potential for major savings an estimated Rs300 billion annually which could translate to a reduction of Rs2-3…
ISLAMABAD, October 28, 2024: In the heart of Islamabad, a storm was brewing as ten Independent Power Producers (IPPs) established under the 2002 Generation Policy took a bold step that could reshape Pakistan’s energy landscape. Frustrated by the government’s handling of capacity payments and the rising consumer tariffs, they penned a joint letter to Prime…
KARACHI, October 10 2024: The Government of Pakistan plans to agree with five power producers to terminate their Power Purchase Agreement (PPA) prematurely. This includes two listed names, i.e., the base power plant for Hub Power (HUBC) and Lalpir Power Limited (LPL), one indirect listed name, Roush Power (through Altern Energy), and two unlisted players,…
Islamabad: February 08, 2021:Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet today. Federal Minister for Planning, Development and Special Initiatives Asad Umar, Federal Minister for Energy Omar Ayub Khan, Adviser to the PM on Institutional Reforms and Austerity Dr. Ishrat Hussain,…
Karachi, June 23, 2020: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has endorsed incumbent Government’s decision to reconsider launching of electricity markets in Pakistan, stating that it will induce competition in the power sector and enhance the efficiency of the energy supply chain. In a Statement, EFP…