Govt, IPPs accord to lower power tariff
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January 10, 2021
ISLAMABAD: The process towards signing the Master Agreements by independent power producers (IPPs) that earlier signed memorandums of understanding (MoUs) in August 2020 has begun as the government negotiation team and solar-based IPPs have reached an agreement.
To this effect, one solar IPP namely Harappa Solar Power Private Limited (HSL) having a capacity to generate 18MW electricity here on Saturday initiated the agreement with Central Power Purchasing Agency (CPPA).
However, the management of Harappa Solar Power Private Limited will sign the formal agreement after it managed to get the go ahead from the board of directors. The cabinet will then approve the agreement, and after that it will be sent to National Electric Power Regulatory Authority (Nepra) for determining the discount in tariff as per the amended power purchase agreement (PPA). Harappa Solar Power Private Limited is included among the 47 IPPs which signed MOUs with the government in August 2020.