Government finalizes ‘take-and-pay’ deals with 14 independent power plants that rely on furnace oil, talks continue with other companies – Trendy Blogger
The Government has completed negotiations with 14 furnace oil-based independent power producers (IPPs) under a “take-and-pay” agreement, with discussions continuing with other IPPs. According to a news report, Prime Minister Shehbaz Sharif announced the gradual closure of old power plants to reduce electricity costs and promote energy efficiency. This step comes within the framework of … Read more