ECC approves amended deals with 46 IPPs
Top Story
February 9, 2021
ISLAMABAD: In a landmark development, the Cabinet Committee on Energy (CCOE) and Economic Coordination Committee (ECC) here on Monday accorded approval to the conversion of MoUs into amended agreements and the payment mechanism of dues of 46 IPPs of Rs403 billion in two installments.
The remaining one wind IPP is also likely to sign the amended power purchase agreement before the deadline of February 12, 2021. The implementation of amended PPAs of 47 IPPs will help ensure discounted tariff of Rs836 billion in their remaining periods. The federal cabinet that meets today (Tuesday) will ratify the decisions of CCOE and ECC about the agreements with IPPs along with payment mechanism.
MoU signing by wind IPPs in jeopardy
National
January 18, 2021
ISLAMABAD: In a new development, the signing of MoUs by wind IPPs is in jeopardy as the government has temporarily stopped the ongoing talks with the wind power plants initiated for persuading them to ink MoUs on the pattern of 47 IPPs that earlier signed on August 12-14, 2020, arguing that the foreign lenders are reluctant to give a nod for the signing of new contracts.
“We have asked wind IPPs to first get go-ahead from their lenders, then both sides will initiate talks,” a senior official involved in talks with the IPPs told The News. He also said that the government negotiating committee will, meanwhile, emphasize on the ongoing talks with 47 IPPs on the payment mechanism to ensure conversion of MoUs into amended PPAs before February 12, 2021.
ISLAMABAD: In a new development, the signing of MoUs by wind IPPs is in jeopardy as the government has temporarily stopped the ongoing talks with the wind power plants initiated for persuading them.