Pakistan terminates IPP contracts as the cabinet approves the decision to end agreements with five independent power producers.
Step to save consumers Rs60 billion; national exchequer Rs411 billion annually: PM Shehbaz says govt will revisit agreements with other IPPs also: Praises IPPs owners for voluntarily ending their contracts with govtWhat could be described as a big step towards reduction in the power tariff, the federal cabinet has approved the termination of contracts with five independent power producers , reported 24NewsHD TV channel.
The step would save electricity consumers Rs60 billion annually and also save Rs411 billion for the national exchequer. PM Shehbaz further said that the electricity prices would be reduced gradually by revisiting the agreements signed with other IPPs in the power sector. “PML-N President and my mentor Nawaz Sharif has always stressed the need for the provision of relief to the masses by slashing the power tariff.”
The prime minister said that previously the inflation rate was over 30 per cent. “But now it has come down to 6.9 per cent which has brought comfort in the people’s lives,” he said, and added, “Hence the target which we had to achieve in 2025, was achieved in 2024.”
IPP Contracts Pakistan Cabinet Termination Of Ipps Energy Crisis Pakistan IPP Power Contracts Government Action Ipps
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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