ISLAMABAD: The Power Division on Thursday declined to share details on the ongoing negotiations between the Task Force on Power Sector Reforms and Independent Power Producers (IPPs), but assured that progress is being made and good news will be shared soon, as talks with several IPPs are at an advanced stage.
Special Secretary Arshad Majeed, who also serves as Secretary of the Task Force, stated that negotiations are in a critical phase and disclosing details could be detrimental. He noted that within two weeks, the Committee would be briefed on the outcome. Some committee members voiced concerns about the financial burden caused by IPP contracts and demanded clarity on agreements, payments, and performance.
Power Division officials assured the National Assembly Standing Committee, chaired by Muhammad Idrees, that revised Power Purchase Agreements (PPAs) would lead to lower electricity prices, though the specifics remain under wraps to avoid legal complications and potential international arbitration.
Story by Mushtaq Ghumman
