The federal cabinet on Tuesday gave go-ahead to revise the agreements with 14 Independent Power Producers (IPPs), and approved merger of the Aviation Division with the defence ministry and the narcotics control ministry with the interior ministry, as part of the government's austerity drive.
The cabinet met here with Prime Minister Shehbaz Sharif in the chair. Addressing the meeting, Prime Minister Shehbaz hailed the process of renegotiations on…

The Express Tribune

Pakistan

Cabinet approves revised IPP agreements, expected to lower electricity prices by Rs11

Newly-elected head of Jamaat-e-Islami for Khyber Pakhtunkhwa, Abdul Wasi seen during a meeting.— Facebook@AbdulWasiPK61/File PESHAWAR: Jamaat-e-Islami Khyber Pakhtun-khwa chief Abdul Wasi has described agreements with independent power producers as shameful and hailed the government...

Media Bias/Fact Check

The News

Jang Media Group

JI leader hails move to cancel contracts with IPPs

Revised agreements are projected to save the government Rs1.4 trillion over their applicable duration.

Dawn

Dawn Media Group

Revision of agreements with 14 IPPs approved to reduce power cost with Rs137bn annual savings for consumers

Revised agreements will include reduction of Rs802 billion in profits, costs of independent power producers

Business Recorder

Federal cabinet approves proposal to revise agreements with 14 IPPs: PMO

The federal cabinet, under the chairmanship of Prime Minister Shehbaz Sharif, has approved revised agreements with 14 Independent Power Producers (IPPs), which could lead to a reduction in electricity prices by up to Rs11.
According to Express News, the cabinet meeting approved the proposal to review the contracts with the 14 IPPs based on the recommendation of the Power Division. As a result of these revised agreements, a reduction of Rs802 bil…

A reduction of Rs802b in profits and costs for these IPPs agreed upon under revised agreements ISLAMABAD: The federal cabinet on Tuesday approved revised agreements with 14 Independent Power Producers (IPPs), which could lead to a reduction in electricity prices by up to Rs11. The cabinet meeting, chaired by Prime Minister Shehbaz Sharif, approved the proposal to review the contracts with the 14 IPPs based on the recommendation of the Power Divi…

Pakistan Today

Cabinet approves revised agreements with 14 IPPs to slash electricity prices by Rs11

The federal cabinet, chaired by Prime Minister Shehbaz Sharif, approved revised agreements with 14 Independent Power Producers (IPPs) during its Tuesday meeting, paving the way for a potential reduction in electricity prices by up to Rs11. According to a report by Pak Observer, the Power Division’s recommendation to renegotiate contracts with the IPPs was endorsed, leading to an agreed reduction of Rs802 billion in profits and costs for these pr…

MM News TV

Cabinet approves revised IPP agreements, mergers, and other key decisions

KARACHI – Historic power sector reforms paved the way for lower electricity bills as federal cabinet takes major steps to save Rs922 Billion. The federal cabinet sheds light on proposals for revised agreements with 18 additional Independent Power Producers IPPs based on a total saving of Rs922 billion. These revised agreements, led by Federal Minister Sardar Awais Leghari, include negotiations with 14 IPPs to reduce their profits and costs by Rs…

Daily Pakistan Observer -

Major Revisions in IPP contracts to revolutionize Power Sector with Rs922 Billion savings - Pakistan Observer

Islamabad January 15 2025: The federal cabinet on Tuesday approved the power division’s recommendation to revise the agreements (negotiated settlement agreements) with 14 Independent Power Producers aimed at reducing electricity costs and saving Rs 1.4 trillion for the national exchequer. After discussion with the 14 IPPs under the revised agreements, the cabinet approved the recommendation of reductions of Rs 802 billion in terms of profit and …

AUGAF

Pakistan’s Federal Cabinet Approves Revision in 14 IPPs Contracts to Cut Electricity Cost by PKR 1,400 Billion

The path for reducing electricity prices has been cleared as the federal cabinet approved new agreements with 15 additional Independent Power Producers (IPPs). These new agreements are expected to save the national treasury over 500 billion rupees, and electricity prices may decrease by 10 to 11 rupees per unit. According to sources, in a meeting chaired by Prime Minister Shehbaz Sharif, the federal cabinet approved new agreements with 15 IPPs, …

Minute Mirror

New deals with 15 IPPs to cut electricity prices by 10-11 rupees per unit

A man rides a bicycle near power lines connecting pylons of high-tension electricity, in Brasilia, Brazil August 31, 2017. — Reuters/File The federal cabinet on Tuesday gave the go-ahead the renegotiated deals with 14 Independent Power Producers (IPPs), estimated to save Rs1.4 trillion over their applicable duration and provide relief of Rs137 billion to inflation-stricken power consumers. After holding discussions with the 14 IPPs under the rev…

Cabinet okays review of deals with 14 IPPs

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics