Details of the agreement between the government and the IPPs revealed.

Lahore (15-Aug-2020) The government will save Rs 700 billion from the agreement with IPPs, 13 wind power plants signed the agreement, the agreement will reduce the energy tariff from 25 to 14 rupees per unit, cheaper electricity. Industry and the people will benefit. According to media reports, details of the agreement between the government and the IPPs have come to light.

The power plants included in the agreement include government, private and C-Pack power plants. In negotiations with the government committee, 13 wind-powered power plants signed the agreement, while six wind-power plants will sign the agreement on Monday. The agreement will reduce energy tariff from Rs 25 to Rs 14 per unit. This will save the government Rs 700 billion from the agreement with IPPs. Under the power policy of 1994 and 2002 in the agreement, the profits were paid to the power plants in dollars and now it will be in rupees instead of dollars.

For which the rate has been fixed in future. That is, the dollar rate has been fixed at Rs 148 for the duration of the contracts. It is to be noted that Prime Minister Imran Khan had said in his address to the nation yesterday that there is good news for the nation that the economic situation is improving. With the agreement of cheap electricity, cheap electricity will benefit the industry and the people.

The big problem for us was to generate expensive electricity, previous governments had made expensive agreements. The government and power companies were in talks with IPPs, which would reduce the cost of power generation, benefiting the industry and the people. Similarly, in the coming days, the electricity distributors will fix the network. After the loans, we have a huge burden of expensive electricity. He said that I see an industrial Pakistan.