Pakistan’s Ministry of Energy has announced a successful negotiation with another Independent Power Producer (IPP), Safe Power Company.
According to sources, the company’s board has approved amendments to the power purchase agreement, which includes revising the existing tariff in line with the Task Force’s proposed tariff.
As part of the agreement, Safa Power Company will adhere to the “Take and Pay” tariff agreement. The company has informed the Pakistan Stock Exchange about the development.
Negotiations with other power producers are also in the final stages, with more agreements expected to be announced by December 31.
Earlier, the National Assembly’s standing committee on power considered mechanism to determine the lifeline and protected consumers.
PTI MNA Sher Ali Arbab complained that instead of Chairman NEPRA Waseem Mukhtar, a junior officer was sent to represent the regulator.
