Islamabad, Dec 10: In a meeting chaired by Prime Minister Shehbaz Sharif, the Federal Cabinet authorized settlement agreements with eight bagasse-based independent power producers (IPPs) on Tuesday.
The Power Division’s and the Ministry of Energy’s recommendation was approved by the meeting. DW Unit I, Unit II, RYK Mills, Chiniot Power, Hamza Sugar, Al-Moez Industries, Thal Industries, and Chinar Industries were among these power plants.
The Central electricity Purchasing Agency would get in touch with NEPRA to discuss lowering the electricity tariffs generated by these power facilities following the acceptance of these agreements. According to a news statement from the PM Office Media Wing, these agreements will result in lower electricity bills for the general public and a Rs 238 billion boost to the national exchequer.
The prime minister told the gathering that every effort was being made by the administration to lower the cost of electricity for the average person. He underlined that the interests of the nation should always come first in all decisions and actions. He also said that the government’s top goal was to support the nation’s private sector and enterprises.
On the suggestion of the Ministry of Defense Production, the Federal Cabinet authorized the appointment of Brigadier Asim Bashir Warraich as a Member of Production Control on the Board of Heavy Industries Taxila.
