Islamabad: The National Electricity Regulatory Authority (NEPRA) has decided to review the agreement reached between the government and the independent power producer (IPP). The authorities will hold a hearing on March 3.
NEPRA will hear the Central Power Purchasing Agency (CPPA)’s petition regarding tariff adjustment with IPPs. During the hearing, the agreements between power plants and Jahangir Tareen’s JDW Sugar Mills, Khusro Bakhtiar’s brother’s RYK sugar mills, Hamza Sugar Mills and Almoiz Industries will be reviewed.
Agreements with Atlas Power, Engro Power Qadirpur, Liberty Power Narowal, Nishat Chunian, Nishat Power, Orient Power, Safe Power and Sapphire Power will also be reviewed.
Moreover, NEPRA will review wind power generation agreements with ACT Wind, Artistic Energy and FFC Energy Limited.
You may recall that the government has renewed agreements with 47 IPP portals, according to which the government will pay 403 billion rupees to IPP. According to the new agreement, the government will save 836 billion rupees in ten years.