Cabinet gives nod to IPPs agreements to bring down power tariff

In the meeting chaired by Prime Minister Muhammad Shehbaz Sharif, the Federal Cabinet authorised settlement agreements with eight bagasse-powered independent power plants (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 most recent developments in Syria and the evacuation of Pakistanis from the country were also discussed with the Federal Cabinet.
The Cabinet was notified that 79 of the 250 Pakistani pilgrims in Syria had arrived in Beirut and would be returned to Pakistan.
Furthermore, seven of the 20 professors and pupils in Syria had made it to Beirut.

Officials from Pakistan’s embassies in Syria and Lebanon also told the gathering that every effort was being made to guarantee the safe return of Pakistanis from Syria.

On the suggestion of the Ministry of Defence Production, the Federal Cabinet authorised the appointment of Brigadier Asim Bashir Warraich as a Member of Production Control on the Board of Heavy Industries Taxila.