{"id":70264,"date":"2020-09-09T16:55:00","date_gmt":"2020-09-09T11:55:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70264"},"modified":"2020-09-09T16:54:54","modified_gmt":"2020-09-09T11:54:54","slug":"govt-save-pkr-100-billion-annually-ipp-agreement","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-save-pkr-100-billion-annually-ipp-agreement.html","title":{"rendered":"Govt to save PKR 100 billion annually through IPP agreement"},"content":{"rendered":"\n<p>Islamabad: Information Minister Shibli Faraz recently revealed that the federal government is looking to save PKR 100 billion annually through an agreement with Independent Power Producers (IPPs) \u2014 with an additional PKR 100 billion expected to be saved over a period of two to three years due to the reduction in the rate of \u2018return on equity\u2019 \u2014 according to a news source published on September 9. The minister made these comments during a media briefing that took place after a federal cabinet meeting.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/agreement-signed-ipps-cut-cost-power-generation-circular-debt-shibli.html\" target=\"_blank\" rel=\"noreferrer noopener\">Agreement signed with IPPs to cut cost of power generation, circular debt: Shibli<\/a><\/p>\n\n\n\n<p>The cabinet session was chaired by Prime Minister Imran Khan, who was informed on the occasion that the government was planning on shutting down all of the inefficient power stations in the country. Reportedly, various power plants (producing a total of 1,479 megawatts of power) have already been shut down, while additional power plants (producing a total of 1460 megawatts of power) are expected to be shut down within the next two years.<\/p>\n\n\n\n<p>In addition, the cabinet was further informed that previously some power plants had been designated as \u201cmust run\u201d units; however, their status had since been changed, and they were no longer obligated to buy expensive gas in order to remain operational.<\/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>Planning Minister Asad Umar also took the opportunity to inform the cabinet that the state policy on renewable energy had been finalised and approved.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Information Minister Shibli Faraz recently revealed that the federal government is looking to save PKR 100 billion annually through an agreement with Independent Power Producers (IPPs) \u2014 with an additional PKR 100 billion expected to be saved over a period of two to three years due to the reduction in the rate of \u2018return on equity\u2019 \u2014 according to a news source published on September 9. The minister made these comments during a media briefing that took place after a federal cabinet meeting. Read: Agreement signed with IPPs to cut cost of power generation, circular debt: Shibli The cabinet session was chaired by Prime Minister Imran Khan, who was informed on the occasion that the government was planning on shutting down all of the inefficient power stations in the country. Reportedly, various power plants (producing a total of 1,479 megawatts of power) have already been shut down, while additional power plants (producing a total of 1460 megawatts of power) are expected to be shut down within the next two years. In addition, the cabinet was further informed that previously some power plants had been designated as \u201cmust run\u201d units; however, their status had since been changed, and they were&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":[38980,38979,37193],"persona":[],"class_list":{"0":"post-70264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-govt-to-save-pkr-100-billion-annually-through-ipp-agreement","9":"tag-ipp-agreement","10":"tag-power-reforms","11":"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>Govt to save PKR 100 billion annually with IPP agreement - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Information Minister Shibli Faraz recently revealed that the federal government is looking to save PKR 100 billion annually through an agreement with Independent Power Producers (IPPs) \u2014 with an additional PKR 100 billion expected to be saved over a period of two to three years due to the reduction in the rate of \u2018return on equity\u2019 \u2014 according to a news source published on September 9.\" \/>\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\/govt-save-pkr-100-billion-annually-ipp-agreement.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to save PKR 100 billion annually with IPP agreement - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Information Minister Shibli Faraz recently revealed that the federal government is looking to save PKR 100 billion annually through an agreement with Independent Power Producers (IPPs) \u2014 with an additional PKR 100 billion expected to be saved over a period of two to three years due to the reduction in the rate of \u2018return on equity\u2019 \u2014 according to a news source published on September 9.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-save-pkr-100-billion-annually-ipp-agreement.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-09T11:55:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/Electric-Grid.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Govt to save PKR 100 billion annually with IPP agreement - Zameen News","description":"Islamabad: Information Minister Shibli Faraz recently revealed that the federal government is looking to save PKR 100 billion annually through an agreement with Independent Power Producers (IPPs) \u2014 with an additional PKR 100 billion expected to be saved over a period of two to three years due to the reduction in the rate of \u2018return on equity\u2019 \u2014 according to a news source published on September 9.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/govt-save-pkr-100-billion-annually-ipp-agreement.html","og_locale":"en_US","og_type":"article","og_title":"Govt to save PKR 100 billion annually with IPP agreement - Zameen News","og_description":"Islamabad: Information Minister Shibli Faraz recently revealed that the federal government is looking to save PKR 100 billion annually through an agreement with Independent Power Producers (IPPs) \u2014 with an additional PKR 100 billion expected to be saved over a period of two to three years due to the reduction in the rate of \u2018return on equity\u2019 \u2014 according to a news source published on September 9.","og_url":"https:\/\/www.zameen.com\/news\/govt-save-pkr-100-billion-annually-ipp-agreement.html","og_site_name":"Pakistan Real Estate News &amp; 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