The federal cabinet on Tuesday approved the power division’s recommendation to revise the negotiated settlement agreements with 14 independent power producers (IPPs) aimed at reducing electricity costs and saving Rs1.4 trillion for the national exchequer. In October, the government prematurely terminated power purchase agreements with five of the oldest IPPs with the move projected to save Rs411 billion. This was followed by settlement agreements in … Continue reading Revision of agreements with 14 IPPs approved to reduce power cost with Rs137bn annual savings for consumers