PESHAWAR: The provincial government has allocated Rs11.652 billion for the ongoing development schemes in the energy and power sector while Rs1.281 billion will be spent on new projects. It was revealed in the 14th meeting of the Board of Directors of Khyber Pakhtunkhwa Hydel Development Fund held here with Chief Minister Mahmood Khan in the chair, said a statement issued…
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ISLAMABAD: Information Minister Shibli Faraz on Saturday said the government would ensure the supply of affordable electricity by 2023 and accused past rulers of signing agreements with independent power producers (IPPs) at high rates for personal gains. “The government is taking practical measures to ensure the availability of electricity at affordable tariff rates,” he said at a news conference, accompanied…
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ISLAMABAD: In a major breakthrough, the government has ultimately managed to earn credit for paving way towards introducing fundamental changes in the Power Purchase Agreements (PPAs) with the IPPs installed under 2002 power policy. This will ensure huge relief for the end consumers and government. However, talks are in final stages with the IPPs installed under 1994 and 2015 power…
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ISLAMABAD: Federal Ombudsman Syed Tahir Shahbaz has directed Ogra, SNGPL and SSGPL to streamline their complaint management system and resolve all public issues on a priority basis by August 20. “Complaints against gas companies have increased by 120% during 2019 and the first six months of 2020,” the ombudsman said while chairing a high-level meeting here on Tuesday. Ogra chairman…
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ISLAMABAD: In another positive development, the Chinese authorities have also indicated to Pakistan’s top notches that they would also review the power purchase agreements (PPAs) of the independent power producers (IPPs) installed under China Pakistan Economic Corridor (CPEC) umbrella keeping in view the rising circular debt and other power sector financial woes adversely impacting the country’s economy, a senior top…
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