The Energy Department has revealed that savings of revised or ending contracts for 29 independent power producers (IPPS) and government power stations (GPPS) will reach 3,498 trillion rupee during their remaining period, which ranges from 3 to 20 years, according to a news report.
During a meeting of the permanent committee, headed by Senator Mohsen Aziz, the committee discussed the ongoing efforts to reform the energy sector and reduce its financial burden.
Despite these efforts, the committee was informed that the Federal Cabinet has not yet agreed to reduce re -purchase rates for new consumers in measurement, which will reduce the rates of 27 to 10 rupees per unit. The Prime Minister directed the Energy Department to review politics with the stakeholders concerned and submit a revised proposal.
The committee was also briefed on the progress of contracting contracts with IPPS. As part of a wider restructuring voltage, six IPPS contracts have been completed, while the revised tariff agreements were signed with nine power generation plants in Baggasse and 14 iPPS under the 1994 and 2002 authority policy.
These measures are expected to lead to great savings, with the early termination of the five iPPS alone saving 411 billion rupees. The revised definitions of the remaining plants are expected to provide 238 billion rupees of energy projects in Baggasse and 922 billion rupees from IPPS in 1994 and 2002.
In addition to these developments, negotiations with state -owned power plants, including Gencos and RLNG factories, have been completed, and approved by the Council of Ministers.
These agreements will produce 354 billion rupees of savings from GENCOS and 2.3 trillion rupee from other plants, including Haveli Baaadur Shah, Balloki and PTPL.
However, these savings will not directly benefit consumers until the National Electricity Regulatory Authority (NEPRA) agree to the necessary tariff adjustments. Once these changes are approved, the Prime Minister will announce a decrease in the electricity tariff.
According to media reports, tensions arose during the meeting between the Minister of Authority, Sardar Owais Legari and the leader of the opposition, Senator Shebley Farraz, who exchanged sharp statements about dealing with the government for the energy sector. Leghari defended the government’s policies, noting the approval of the International Monetary Fund (IMF) to the EFF’s Fund (EF) as evidence of the success of the current approach.
However, Fattraz criticized the government’s approach, especially the changes in the mid -term policy, which he argued that he would deter new investments in the sector. He also called for accountability for expensive power plants and the names of the officials responsible for it.
In response, the Minister of the Authority admitted to pressure from the affected companies during the re -negotiations, but he stressed that the government’s policies were eventually in the interest of the country.
Regarding the clear measurement policy, the Minister of the Authority stressed that there will be no changes to the current consumers, but the new consumers in the pure measurement will be subject to the revised conditions.
