{"id":69338,"date":"2020-08-18T10:13:00","date_gmt":"2020-08-18T05:13:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69338"},"modified":"2020-08-17T18:16:23","modified_gmt":"2020-08-17T13:16:23","slug":"agreement-signed-ipps-cut-cost-power-generation-circular-debt-shibli","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/agreement-signed-ipps-cut-cost-power-generation-circular-debt-shibli.html","title":{"rendered":"Agreement signed with IPPs to cut cost of power generation, circular debt: Shibli"},"content":{"rendered":"\n<p>Islamabad: Information Minister Shibli Faraz on Saturday announced the government\u2019s decision to sign agreements with independent power producers (IPPs) to make electricity affordable \u2014 with the initiative also aimed at lowering the country\u2019s previously burgeoning circular debt, a news source reported. Additionally, the government further pledged to provide inexpensive electricity to the country\u2019s citizens by 2023.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-ipps-collaborate-control-power-tariffs.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt, IPPs collaborate to control power tariffs<\/a><\/p>\n\n\n\n<p>The minister made these comments while speaking at a news conference, where he was also accompanied by Special Assistant to the Prime Minister on Power Division Shahzad Qasim.<\/p>\n\n\n\n<p>As per the new agreements, the IPPs have agreed to decrease their charges under the 1994 and 2002 power policies. Reportedly, their previous pricing policies had resulted in increasing the cost of electricity, and had also affected national exports \u2014 prompting the government to take appropriate action.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/national-grid-to-get-12464mw-power-from-ipp-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\">National grid to get 12,464MW power from IPP projects<\/a><\/p>\n\n\n\n<p>During his announcement, the information minister further stated that the government had formed a committee on IPPs and power issues, and that the group had recently submitted its report on the subject. He also revealed that, in the future, the government would be focusing on decreasing costs of distribution and transmission of power.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Information Minister Shibli Faraz on Saturday announced the government\u2019s decision to sign agreements with independent power producers (IPPs) to make electricity affordable \u2014 with the initiative also aimed at lowering the country\u2019s previously burgeoning circular debt, a news source reported. Additionally, the government further pledged to provide inexpensive electricity to the country\u2019s citizens by 2023. Read: Govt, IPPs collaborate to control power tariffs The minister made these comments while speaking at a news conference, where he was also accompanied by Special Assistant to the Prime Minister on Power Division Shahzad Qasim. As per the new agreements, the IPPs have agreed to decrease their charges under the 1994 and 2002 power policies. Reportedly, their previous pricing policies had resulted in increasing the cost of electricity, and had also affected national exports \u2014 prompting the government to take appropriate action. Read: National grid to get 12,464MW power from IPP projects During his announcement, the information minister further stated that the government had formed a committee on IPPs and power issues, and that the group had recently submitted its report on the subject. He also revealed that, in the future, the government would be focusing on decreasing costs of distribution and transmission&hellip;<\/p>\n","protected":false},"author":57,"featured_media":64295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[37116,37115,37117,37113,37114],"persona":[],"class_list":{"0":"post-69338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-agreement-signed-with-ipps-to-cut-cost-of-power-generation","9":"tag-circular-debt","10":"tag-circular-debt-shibli","11":"tag-independent-power-producers","12":"tag-power-prices","13":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Agreement signed with IPPs to cut cost of power: Shibli - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Information Minister Shibli Faraz on Saturday announced the government\u2019s decision to sign agreements with independent power producers (IPPs) to make electricity affordable \u2014 with the initiative also aimed at lowering the country\u2019s previously burgeoning circular debt, a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/agreement-signed-ipps-cut-cost-power-generation-circular-debt-shibli.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agreement signed with IPPs to cut cost of power: Shibli - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Information Minister Shibli Faraz on Saturday announced the government\u2019s decision to sign agreements with independent power producers (IPPs) to make electricity affordable \u2014 with the initiative also aimed at lowering the country\u2019s previously burgeoning circular debt, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/agreement-signed-ipps-cut-cost-power-generation-circular-debt-shibli.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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