Get the latest news and updates from Dawn
ISLAMABAD: Power Minister Awais Leghari said on Sunday that there had been “no sufficient outcome” of talks to secure discounts from Chinese power producers thus far, unlike over Rs3.5 trillion in savings secured through revised agreements with other independent power producers (IPPs) and public sector plants.
In March, the government had informed a parliamentary panel that about Rs3.5tr in savings had been secured through revisions to power purchase agreements with 29 private and some state-owned power plants, spanning their three to 20-year terms.
The move was aimed at reducing electricity rates.
When Leghari was asked about negotiations with IPPs set up under the China-Pakistan Economic Corridor (CPEC) for tariff rationalisation during a press conference on Sunday, he said, “Sufficient outcome has not come out yet.”
