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Pakistan Published 30 Oct, 2024 10:06pm

Foreign govts raise issues over termination of IPP contracts

The Settlement Agreement is unacceptable to foreign investors in its current form

Business & Economy Published 30 Oct, 2024 12:57pm

Govt under fire for ‘one-sided’ move on IPP agreements, say reports

The German side requested intervention from Pakistani decision-makers

Business & Economy Updated 28 Oct, 2024 05:35pm

10 IPPs demand contract termination from prime minister amid rising tariff concerns

The IPPs have requested an urgent meeting with all stakeholders

Business & Economy Published 20 Oct, 2024 11:16am

Government to convene meetings with IPPs on contract changes

Government previously claimed that terminating power purchase agreements of five IPPs

Business & Economy Updated 14 Oct, 2024 09:32am

Govt stops payment to 18 IPPs to renegotiate contracts

Five IPPs have already agreed to terminate contracts

Pakistan Published 11 Oct, 2024 12:43pm

Will electricity bills decrease after termination of IPP contracts?

One expert says 41 power plants still remain

Pakistan Updated 11 Oct, 2024 01:48am

Federal cabinet approves decision to end contract with five IPPs to save $1.48

Negotiations with more power producers underway

Business & Economy Published 08 Oct, 2024 10:31am

Major breakthrough as four IPPs agree to terminate contracts early

Hubco is also expected to follow suit

Pakistan Published 29 Sep, 2024 09:35am

JI to protest across Pakistan today against electricity prices, IPPs

The party's sit-in in Rawalpindi has been postponed

Pakistan Published 24 Sep, 2024 03:56pm

As electricity bills rise, net metering users drastically increase in Pakistan

Govt faces pressure to revise agreements with IPPs to stabilize the power supply

Business & Economy Updated 22 Sep, 2024 06:15pm

Possibility of major reduction in electricity prices as govt, IPPs try to resolve issues

Over 100 powerhouses are being reviewed for tariff adjustment

Pakistan Published 21 Sep, 2024 03:14pm

Govt expects tariff relief following review of independent power producers

Govt is renegotiating contracts to address "unsustainable" electricity prices that are among the highest in the region

▶️ Business & Economy Published 15 Sep, 2024 01:06pm

IPPs warn against renegotiating contracts, give long list of demands to govt

The companies have asked govt to remove 38% taxes

Business & Economy Published 13 Sep, 2024 10:16am

Federal govt disbursed Rs979.3b to 33 IPPs in FY 2023-24

Rs106.99 billion has been disbursed to power companies: Leghari

Business & Economy Published 12 Sep, 2024 09:04am

Govt expands probe into Independent Power Producers amid resistance

Plant owners are reluctant to terminate contracts based on the current net value o

Business & Economy Published 07 Sep, 2024 04:47pm

Govt renegotiating power deals with IPPs to cut costs: Leghari

Power minister says existing price structure of power not sustainable

Business & Economy Published 02 Sep, 2024 01:19pm

Pakistan proposes plan to IMF for electricity price cut

Rs2.8 trillion will be used to close down inefficient power plants

Business & Economy Updated 01 Sep, 2024 06:29pm

Power Division denies reports that investigation committee summoned IPPs owners

Media reports claimed that six owners of IPPs have been summoned to Islamabad on Monday

Pakistan Published 01 Sep, 2024 03:54pm

Power division denies reports of IPP owners being summoned

Reports had claimed 13 IPP owners were summoned to Islamabad

Business & Economy Published 31 Aug, 2024 07:00pm

Government paid Rs1tr in capacity payments to IPPs over 10 years

Of total payments, Rs536.3 billion was allocated to gas and RLNG-based power plants

▶️ Business & Economy Updated 18 Aug, 2024 12:44am

Payments to IPPs being ‘hyped up’, says state finance minister

Cites PM Shehbaz will tell nation in next 10 to 15 days about agenda on reforms for inclusive growth

Business & Economy Published 17 Aug, 2024 10:47am

Power Division willing to share IPP agreements with NA standing committee on power

The electricity prices were increased due to the pressure of IMF: Secretary Power

Pakistan Published 18 Apr, 2022 08:50am

Finance ministry refuses to support Rs50b grant for projects under CPEC

Cash strapped Power Division seeks PM’s help to recover Rs111b from provinces sans AJK

Pakistan Updated 30 Mar, 2022 02:04pm

Power outages may continue during Ramazan due to furnace oil shortage

Sources say key reason for the shortage of furnace oil is ‘non-availability of funds to IPPs’

Business Published 26 Mar, 2022 11:48am

ECC refuses to consider Power Division’s Rs100b financial injection proposal

Sources say information had been sought from the CPPA-G, according to which Rs217.51 billion are payable against 12 CPEC IPPs as on February 24, 2022

Business Published 16 Mar, 2022 08:37am

Govt ‘fails’ to convince China to restart Gwadar power project

Sinosure unwilling to cover governmental breach risk under the medium and long term buyer credit insurance largely

Pakistan Published 14 Mar, 2022 08:40am

ECC ‘all set to clear’ CPEC IPPs dues with approval of worth Rs50b revolving account

Power Division has requested Finance Division to provide government guarantee for the credit line facility

Business Published 03 Feb, 2022 11:00am

Pakistan seeks renegotiation with China on CPEC power projects

Proposals will be presented to Chinese top leadership during the visit of PM Imran to China commencing from today

Pakistan Updated 19 Dec, 2021 05:29pm

ECC approves worth Rs64b supplementary grants for 40% payment to IPPs

ECC has already approved the supplementary of Rs58.240 billion in September 2021