Islamabad: The Ministry of Energy has successfully renegotiated a power purchase agreement with Safe Power Company, sources confirmed.
The company’s board approved changes to the agreement, introducing a revised tariff structure aligned with the Task Force’s proposed rates. Safe Power Company will now follow the “Take and Pay” tariff, ensuring more reliable payment terms. The company has informed the Pakistan Stock Exchange about the development.
Other Deals in Progress
Negotiations with other power producers are nearing completion. Additional agreements are expected by December 31, as part of the government’s broader energy sector reforms aimed at improving financial stability.
Concerns Raised in the National Assembly
The National Assembly’s Standing Committee on Power recently discussed the determination of lifeline and protected consumers. PTI MNA Sher Ali Arbab expressed concern over the absence of NEPRA Chairman Waseem Mukhtar, noting that a junior officer represented the authority instead.
The Power Division’s Secretary clarified that the committee had not summoned the chairman but had received all necessary information. He added that the committee could invite the NEPRA chairman in the next session if needed.
PPP’s Khursheed Junejo emphasized that the chairman’s absence was significant, considering the importance of IPP-related issues discussed.
Follow Day News on Google News, Instagram, YouTube, Facebook, Whats App, and TikTok for latest updates
