Aaj English TV

Tuesday, January 14, 2025  
13 Rajab 1446  

Federal cabinet approves tariff review for eight additional IPPs

A meeting was chaired by Prime Minister Shehbaz Sharif in Islamabad
Representational image. Photo via MOIB
Representational image. Photo via MOIB

In a decisive move, the federal cabinet has approved a tariff review for an additional eight Independent Power Producers (IPPs), including JDW, Chiniot Power, Hamza Sugar, and Al-Moez Power Plant.

This decision was made during a meeting chaired by Prime Minister Shehbaz Sharif in Islamabad.

Sources indicate that the cabinet also approved tariff reviews for Indus, Thal Industries, and Chenar Energy.

The recommendations came from a special task force established to address issues related to IPPs.

Read more

Government task force, 17 IPPs reach agreement on hybrid ‘take and pay’ model

Major breakthrough as four IPPs agree to terminate contracts early

Government to convene meetings with IPPs on contract changes

During the briefing, officials highlighted that the new tariff reviews could lead to significant savings for the national treasury, estimated at around Rs200 billion.

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.

Islamabad

IPPs

federal cabinet