Government Agrees to Tariff Reduction for State-Run IPPs
The government has reached an agreement on tariff reduction for state-run Independent Power Producers (IPPs), as reported by sources to ARY News. Talks on tariffs with more than 100 power plants have shown significant progress, with plans to phase out some IPPs while providing relief to consumers through reduced tariffs.
The Power Sector Task Force has completed a comprehensive review, aiming to cut down on extraneous taxes and provide tariff relief, especially for industrial consumers. The Ministry of Energy and IPPs are in the final stages of negotiations, bringing optimism for positive outcomes.
Energy Minister Awais Leghari highlighted the benefits of mutual consent on tariff reductions, with upcoming announcements expected to benefit consumers in the near future. The taskforce’s thorough assessment and ongoing discussions point towards positive developments in the power sector.
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