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Govt to Sign New Power Purchase Agreement with K-Electric

Federal Energy Minister Hammad Azhar announced that the Federal Government and K-Electric are working towards signing a new Power Purchase Agreement (PPA).

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Speaking to relevant officials, Hamad Azhar said the federal government and KE had agreed on principles to resolve most of the long standing disputes over additional supplies, payment procedures and subsidy payments. .

Prior to this, the Economic Coordination Commission (ECC) has approved an initial installment payment of Rs 89 billion to 35 out of a total of 47 Independent Power Producers (IPPs).

Read More: ECC Reviews Eligibility Criteria for Special Incentive Package of Housing and Construction

His ECC held in Islamabad, chaired by Finance Minister Shaukat Tarin, has approved Rs 89 billion for 35 IPPs, but payments to the remaining 12 IPPs are withheld amid NAB investigations. there is a possibility. 

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