Latest Breaking News On - Agreeto - Page 1 : comparemela.com

Khalid Mustafa ISLAMABAD: As many as 19 Independent Power Producers IPPs out of 47 have agreed to the legally binding contracts with the government after six more IPPs initialed the Amended Power Purchase Agreements on Thursday. However, 13 IPPs led by Mansha Group is seeking resolution of excess profits of Rs55 billion through experts’ panel. Three leading IPPs: Orient Power, Sapphire and Halmore installed under the 2002 power policy led by SAPM on Petroleum Nadeem Babar, who has majority shares in Orient Power and Oursun, had first initialed the amended PPAs. They prefer NEPRA to settle the contentious issue. “The signing of the agreement between government officials and IPPs will be held after approval by the federal cabinet and their respective boards. Earlier, solar and bagasse based power plants signed amended PPAs.” Similarly six more IPPs including Saba, Lalpeer, PakGen, Engro, Atlas, Saif installed under 1994 and 2002 power policy initialed the Master Agreement on

City ofUnited kingdomAttock genMohammad aliKhalid mustafaSupreme courtExpert panelExperts panelPetroleum nadeem babarMansha groupPower producersAmended power purchase agreementsOrient powerMaster agreementAttorney general officeFinance ministry