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Tag: independent power producers (IPPs)

IPPs
Pakistan
  • Web Desk
  • Jan 14, 2025
Cabinet approves new contracts with 15 IPPs to save Rs500 billion

Federal cabinet also approves termination of the contract with Chinese IPPs

The Ministry of Energy reported that the IPPs secured a total of Rs9.79 billion in capacity payments from consumers.
Pakistan
  • Web Desk
  • Oct 29, 2024
IPPs “received Rs9.79b capacity payments” in a single year

The money was collected during the fiscal year July 2023 till June 2024.

IPPs
Business
  • Web Desk
  • Oct 22, 2024
PSO forgoes late payment charges for five IPPs amid power sector reforms

The government estimates that terminating these five IPPs will save around Rs 411.16 billion in future payments.

Independent power producers (IPPs) received a staggering Rs967 billion in capacity payments from the government over the past year, Hum Investigation Team (HIT) has learnt.
HIT
  • Zahid Gishkori
  • Sep 13, 2024
IPPs received Rs967 billion in capacity payments

The payments were made between July 2024 and June 2024, as documented in evidence available to HIT.

The National Electric Power Regularity Authority (NEPRA) sanctioned yet another increase in electricity tariffs, instituting a quarterly modification of Rs1.7432 per unit for the upcoming three months.
Pakistan
  • Web Desk
  • Sep 07, 2024
NEPRA approves yet another increase in electricity tariffs

The new price hike will take effect from September 2024 till November 2024.

power sector
Pakistan
  • Web Desk
  • Aug 31, 2024
Federal Minister: IPPs contracts cannot be unilaterally ended

NEPRA reportedly allowed a 15 to 16 per cent profit margin for IPPs, but actual margins were 60 to 70 per cent.

NEPRA reduces basic electricity tariff
Pakistan
  • Web Desk
  • Aug 27, 2024
Electricity tariffs to increase further by Rs1.9 per unit

The decision will translate to an additional burden of Rs46.805 billion on customers of both public sector power distribution companies (DISCOs) and the private utility K-Electric (KE).

The Patron General of the Federation of Chambers of Commerce and Industry, SM Tanveer, disclosed that over 100 factories in Faisalabad were forced to shut down due to the high costs of electricity on Monday.
Business
  • Web Desk
  • Aug 20, 2024
100 factories in Faisalabad close over high electricity costs

He warned that without such reforms, Pakistan could face severe economic consequences, including the potential loss of export orders worth $5 billion.

The central chief of Jamaat-e-Islami (JI) Hafiz Naeem ur Rehman announced a nationwide strike scheduled for August 28 to protest against soaring inflation on Frida
Pakistan
  • Web Desk
  • Aug 17, 2024
Multan: Jamaat-e-Islami calls nationwide strike on August 28

Naeem-ur-Rehman rallied supporters for a significant “long march” and said that the government could not evade accountability through agreements with Jamaat-e-Islami.

Jamaat-e-Islami Emir Hafiz Naeem-ur-Rehman
Politics
  • Web Desk
  • Aug 04, 2024
Energy Minister challenges JI Chief to debate on IPPs

Laghari acknowledged that raising awareness about the IPPs issue is commendable, but he warned against politicising it.

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