As the Nation’s own Oil Marketing Company (OMC), PSO continues to revolutionize the industry by becoming the first OMC to upgrade Pakistan’s fuel standard from Euro 2 to Euro 5. PSO’s Hi-Octane 97 Euro 5 was launched at a grand ceremony held at PSO Service Station-2, Diplomatic Enclave, Islamabad. Minister for Energy, Mr. Omar Ayub Khan and Special Assistant to the Prime…
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August 17, 2020 (MLN): Prime Minister Imran Khan had disclosed that after negotiation with IPPs, they reached an understanding of reduction in the capacity payments, late payment surcharge (LPS), and sharing of savings on account of plant efficiencies while Government would make payment of outstanding receivables. Government and Independent Power Producers (IPPs) signed a new Memorandum of Understanding (MoU) agreement to…
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IN what is being described as a breakthrough, the government got what it had long been seeking: wind power plants/IPPs set up under the 1994 and 2002 power policies have agreed on revising their power purchase agreements to give up part of their overall returns. Shortly after the MoUs between the government and the power producers had been signed, the…
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I think this is just window dressing like everything else. First the govt had to pay 400 billion before they start talking. Where will they find the money and even if the do the London Arbitration stays. That means if the don’t like how the proceedings are going the can invoke London Arbitration. I seriuosly think IPPs will take the…
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