NEPRA to review agreements between govt and IPPs
Published On
NEPRA to review agreements between govt and IPPs
ISLAMABAD (Dunya News) – National Electric Power Regulatory Authority (NEPRA) has decided to review the agreements reached between the government and Independent power producers (IPPs). The authority will hold a hearing on March 3.
NEPRA will hear the Central Power Purchasing Agency (CPPA)’s petition regarding tariff adjustment with IPPs. During the hearing, the agreements between power plants and Jahangir Tareen’s JDW Sugar Mills, Khusro Bakhtiar’s brother’s RYK sugar mills, Hamza Sugar Mills and Almoiz Industries will be reviewed.
Agreements with Atlas Power, Engro Power Qadirpur, Liberty Power Narowal, Nishat Chunian, Nishat Power, Orient Power, Safe Power and Sapphire Power will also be reviewed.
Market watch: KSE-100 loses ground, falls below 46,000
Benchmark index drops 103 points to settle at 45,989.35
Shares of 405 companies were traded. At the end of the day, 187 stocks closed higher. PHOTO: FILE
KARACHI:
A day after breaching the 46,000-point barrier, the bourse turned bearish on Thursday and the KSE-100 index shed 103 points as Moody’s report on Pakistan’s economy played on investors’ mind and they resorted to profit-booking.
Moody’s Investors Service on Wednesday projected that Pakistan’s economy would grow at a slow pace of 1.5% during the ongoing fiscal year, which pushed market players to divest their stockholdings.
In the morning, trading began on a positive note, however, the optimism was overshadowed by gloomy news flow and as a result the index oscillated between green and red zones throughout the day.