The federal government of Pakistan has decided to terminate agreements with six more Independent Power Producers (IPPs) to reduce electricity prices.
Aiming to provide relief to consumers burdened by high electricity costs, the government has decided to end expensive contracts with six more IPPs having a total capacity of 2,396 Megawatt, government sources said.
This measure is expected to save at least Rs300 billion in the national exchequer of Pakistan.
The six IPPs include Gul Ahmed Energy with 136 megawatt capacity, Kapco Power Project 1638 MW, Liberty Power 200 MW, Attock Power 135 MW, Koh e Noor Energy 131 MW, and Tapal Energy 126 MW.
The termination of the contracts with more IPPs will lead to a significant reduction in electricity tariffs, as per sources.
