Staff Report
ISLAMABAD: After solar-based independent power producers (IPPs), bagasse-based IPPs have also agreed to sign amended power purchase agreements with the government. According to details on Sunday the signing of the amended purchase agreements will slash the existing tariffs to a considerable extent.
The bagasse-based IPPs have agreed to sign the amended power purchase agreements with a government team of officials negotiating with the IPPs over tariffs, reports said. Eight bagasse-based IPPs will sign amended deal of power tariff with the government.
Reports said that both sides will sign the amended power purchase agreement after endorsement from the federal cabinet. The solar-based IPPs that had signed memorandums of understanding (MoUs) in August 2020 had recently reached to an agreement with the government negotiation team for signing amended agreement to slash power tariffs.
