The government has set forth 24 conditions to transition from the existing capacity-based model to a take-and-pay arrangement with Independent Power Producers (IPPs), aiming to lower electricity tariffs for consumers. According to a report by Business Recorder, the proposal is part of ongoing negotiations between the government and IPPs, intended to restructure agreements that have … Read more
ISLAMABAD: A task force constituted by the prime minister on the capacity payments to the Independent Power Producers (IPPs) proposed transition of the capacity-based model to a take-and-pay model in order to unburden electricity consumers from the payments to non-operating plants, sources said on Friday. They said that a draft of the transition proposed the … Read more
ISLAMABAD: The Privatisation Commission (PC) board again could not take a decision on the privatisation mode of Roosevelt Hotel, New York as its members remained divided over the options of giving the prime property on a 99-year lease or developing it under a joint venture. There was also no consensus whether to privatise the hotel … Read more