ISLAMABAD
\n\u201c The Federation of Pakistan Chambers of Commerce & Industry\u2019s Businessmen Panel (BMP) has stressed the need for revisiting terms of power purchase agreements with a view to restore the viability of country\u2019s energy sector, as billions of rupees could be saved by making payments to IPPs in local currency instead of dollars.
\nFPCCI former president and BMP Chairman Mian Anjum Nisar said that in view of decreasing cost of production and lessen energy tariffs, the government should bring some major changes in the agreements with IPPs, who are earning high profits due to certain terms and conditions of their agreements.
\nHe further disclosed that the high cost of power tariff was due to a host of factors, including snowballing capacity payments, net hydel profit, and transmission constraints, minimum plant factor provision for RLNG based plants, gas price anomalies and financing cost of circular debt. The FPCCI former president said that Pakistan pursued an aggressive policy to add power capacity, but years of slow economic growth, power theft, and under-investment in transmission and distribution networks have meant that bill recovery has not been at par.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD \u201c The Federation of Pakistan Chambers of Commerce & Industry\u2019s Businessmen Panel (BMP) has stressed the need for revisiting terms of power purchase agreements with a view to restore the viability of country\u2019s energy sector, as billions of rupees could be saved by making payments to IPPs in local currency instead of dollars. FPCCI […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-408118","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n