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Payments to IPPs: PPIB urges SBP to make $758m available

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has urged dollar-starved State Bank of Pakistan (SBP) to. ....

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WPPs worried about continuous power curtailment

ISLAMABAD: Pakistan Wind Energy Association (PakWEA) has expressed serious concerns at the continuous power. ....

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Tariff relief: AEDB urges govt to hold talks with DFC's 5 wind power projects - Business & Finance

ISLAMABAD: The Alternative Energy Development Board (AEDB) has proposed to the government to start negotiations with. ....

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41 out of 47 IPPs initial master agreements

41 out of 47 IPPs initial master agreements
Top Story
January 31, 2021
ISLAMABAD: In a positive development, 41 out of 47 IPPs that signed MoUs with the government in August 2020 have so far initialed master agreements, paving the way for their discounted tariff of Rs 836 billion in next 10-12 years.
Six IPPs are still away in the wake of a dispute over resolution of excess profits of Rs 53 billion from initialing the master agreements legally binding contracts. Under the MoUs, the government is bound to finalize the timeframe before February 12 with IPPs for clearance of their dues amounting to Rs 450 billion and out of it, the amount of Rs 53 billion had been detected in the Mohammad Ali report as excess profits illegally minted by six IPPs. The government wants to pay the whole dues of IPPs within 6 months with 40 per cent payment at the time of signing of amended power purchase agreements (PPAs) and the remaining payment after 6 months. The government negotia ....

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