Tue, 21-Oct-2025

Gov’t approves revision of contracts with 14 IPPs to drop electricity cost

Gov’t approves revision of contracts with 14 IPPs to drop electricity cost

On Tuesday, the federal cabinet approved the Power Division’s proposal to revise agreements with 14 Independent Power Producers (IPPs), aiming to lower electricity costs and save Rs 1.4 trillion for the national treasury. Following discussions with the IPPs, the cabinet endorsed a reduction of Rs 802 billion in profit and cost terms for these companies. … Read more