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Government finalizes ‘take-and-pay’ deals with 14 independent power plants that rely on furnace oil, talks continue with other companies – Trendy Blogger

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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

The Cabinet approves settlement agreements with eight independent energy projects that rely on sugarcane to reduce electricity costs – Trendy Blogger

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The Cabinet approves settlement agreements with eight independent energy projects that rely on sugarcane to reduce electricity costs – Trendy Blogger

Islamabad: The Federal Cabinet, led by Prime Minister Shehbaz Sharif, on Tuesday approved settlement agreements with eight sugarcane-based independent power producers (IPPs). This decision, which was taken based on the recommendations of the Ministry of Energy and the Department of Energy, is expected to lead to a significant reduction in electricity tariffs. The approved IPPs … Read more