ISLAMABAD: The government has tailored four customized ‘take and pay’ options for 18 Independent Power Producers (IPPs) established under the Power Generation Policies of 1994 and 2002, as part of its ongoing efforts to reform the power sector.
According to sources, these options will be finalized by the end of the week, with formal notices expected to be issued next week. The Central Power Purchasing Agency-Guaranteed (CPPA-G) has already halted payments to these IPPs, which collectively generate 4,267 MW, pending negotiations on their contract revisions.
Some IPPs have already consented to the proposed changes, emphasizing the importance of addressing the power crisis in a transparent and mutually beneficial manner.
Story by Mushtaq Ghumman
