The power crisis in Pakistan has deepened as the electricity shortfall widened to over 7,000 megawatts. According to power division sources, the demand in the country
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April 28, 2021
ISLAMABAD: The Economic Coordination Committee (ECC) that meets today (Wednesday) is most likely to approve a summary of the Power Division seeking approval of Rs89.86 billion for the payment of 40 percent dues as the first installment to 20 IPPs.
The remaining 60 percent payment will be paid in six months. And the implementation of their amended contracts will be effective after the payment. So far, the government has signed MoUs with 47 IPPs out of which it has signed amended contracts with 32 IPPs. After 40 percent payment of their dues amounting to Rs403 billion to all the 47 IPPs, their amended contracts will be effective yielding dividends of Rs836 billion in the next 20 years as discounted tariffs.