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Cut in rate of return of 12 IPPs to help govt save Rs150bn - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
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. ....
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 ....