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Govt cautious in its approach to tackle IPPs issue: power minister

20 1
31.08.2024

ISLAMABAD: Power Minister Awais Leghari on Friday said a special task force was currently working on finding out fault lines with the independent power producers (IPPs) for mutual and amicable corrections, but the government could not and would not take any adverse actions unilaterally.

Giving a policy statement before the Senate standing committee on power, presided over by PTI Senator Mohsin Aziz, the minister announced that given the unaffordable tariffs, he had also ordered the reassessment of estimated tariffs of upcoming projects like Diamer-Bhasha, Chashma Nuclear’s C-5 to conclude if they had rightly been committed for next 10-year planning in Indicative Generation Capacity Expansion Plan (IGCEP).

He said the cost of hydroelectricity from the Diamir Bhasha Dam would be very high. “I think these can also push up overall tariffs,” he said, adding that no new project would be contracted in the public or private sector over the next 10 years, except those already in pipeline and about 700MW of renewable plants.

He warned that any misstep for........

© Dawn Business


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