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In a bid to provide relief to the people, Minister for Power Owais Leghari on Friday said that talks are on with 11 more Independent Power Producers (IPPS) to reduce power rates.
Briefing a session on the “Power Facilitation Package”, Leghari said the government had terminated power purchase agreements with five IPPs, a move that reduced capacity payments and cost the economy billions of rupees. Expect to save.
He said that Pakistan will no longer be among the countries that produce expensive electricity.
“We hope that in the coming months, Pakistan will not be an expensive power producer in the region.”
He said that providing relief to common people is the first priority.
He further said that it is the Prime Minister’s directive to ensure relief to consumers.
Under the dynamic vision of Prime Minister Shahbaz Sharif, promotion of economic activities is the top priority and the power sector is playing an important role in strengthening the national economy.
The Minister termed the electricity relief package as a revolutionary step which has achieved an important milestone in the electricity sector and has contributed to economic stability.
He added that we have initiated reforms not only to streamline the power sector but also to make it profitable.
He stressed the importance of the power sector as the backbone of the country’s economy, adding that the government has fulfilled its promises to the people.
He said that the package will provide relief to domestic consumers and also promote industrial activities.
Earlier this month, the government announced the “Power Convenience Package” for the winter months from December 2024 to February 2025. A flat rate of Rs 26.07 per unit will be offered for electricity demand above the benchmark historical average. Issued by Power Division.
“Industries that consume excess power beyond a prescribed standard based on their historical consumption will benefit from a concession of 18% to 37% on the existing tariff rate.”
– With additional input from APP.
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