{"id":76052,"date":"2021-05-17T12:29:20","date_gmt":"2021-05-17T07:29:20","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=76052"},"modified":"2021-05-17T12:29:25","modified_gmt":"2021-05-17T07:29:25","slug":"govt-ke-to-sign-agreement-for-supplying-2050-mw","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html","title":{"rendered":"Govt, KE to sign agreement for supplying 2,050 MW to Karachi"},"content":{"rendered":"\n<p>Islamabad: The government and K-Electric (KE) have agreed to sign a new power purchase agreement (PPA) to gain a total supply of 2,050 megawatts (MW) for Karachi \u2013 under this agreement, the government would timely payment of tariff subsidies and KE \u2018would clear its power bills through standby letters of credit (SBLC)\u2019, according to a news source.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-makes-it-to-amazons-approved-sellers-list.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan makes it to Amazon\u2019s approved sellers\u2019 list<\/a><\/p>\n\n\n\n<p>Previously, the agreement with the electric firm was detailed to supply 650MW to the citizens of Karachi. In a related development, the government has committed to sign another agreement under which the ministry of finance will be liable to pay market-based mark on delayed subsidy payments.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kmc-undp-agreement-development-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\">KMC, UNDP ink agreement for development of Karachi<\/a><\/p>\n\n\n\n<p>Moreover, the <a href=\"https:\/\/www.zameen.com\/news\/sindh-to-align-property-rates-in-khi-sukkur-hyderabad.html\" target=\"_blank\" rel=\"noreferrer noopener\">KE<\/a> will offer SBLCs supported by an escrow account to ensure that the Central Power Purchase Agency (CPPA) gets automatic payments for the monthly bills linked to the power supply to KE. The outstanding payables and receivables will be settled through arbitration.<\/p>\n\n\n\n<p>Both parties have decided to hold further meetings to sort out the details of the agreement to satisfy the concerns of those involved. Minister for Planning and Development Asad Umar also confirmed that long-standing disputes regarding payables and receivables have been delinked to move forward for power supply to the citizens of Karachi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government and K-Electric (KE) have agreed to sign a new power purchase agreement (PPA) to gain a total supply of 2,050 megawatts (MW) for Karachi \u2013 under this agreement, the government would timely payment of tariff subsidies and KE \u2018would clear its power bills through standby letters of credit (SBLC)\u2019, according to a news source. Read: Pakistan makes it to Amazon\u2019s approved sellers\u2019 list Previously, the agreement with the electric firm was detailed to supply 650MW to the citizens of Karachi. In a related development, the government has committed to sign another agreement under which the ministry of finance will be liable to pay market-based mark on delayed subsidy payments. Read: KMC, UNDP ink agreement for development of Karachi Moreover, the KE will offer SBLCs supported by an escrow account to ensure that the Central Power Purchase Agency (CPPA) gets automatic payments for the monthly bills linked to the power supply to KE. The outstanding payables and receivables will be settled through arbitration. Both parties have decided to hold further meetings to sort out the details of the agreement to satisfy the concerns of those involved. Minister for Planning and Development Asad Umar also confirmed that long-standing disputes&hellip;<\/p>\n","protected":false},"author":75,"featured_media":61673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[],"persona":[],"class_list":{"0":"post-76052","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"cat-15016-id","10":"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, KE to sign agreement for supplying 2,050 MW - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The government and K-Electric (KE) have agreed to sign a new power purchase agreement (PPA) to gain a total supply of 2,050 megawatts (MW) for\" \/>\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-ke-to-sign-agreement-for-supplying-2050-mw.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt, KE to sign agreement for supplying 2,050 MW - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The government and K-Electric (KE) have agreed to sign a new power purchase agreement (PPA) to gain a total supply of 2,050 megawatts (MW) for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.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=\"2021-05-17T07:29:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-17T07:29:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/Karachi-City.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=\"Hazafa Hasan\" \/>\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=\"Hazafa Hasan\" \/>\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, KE to sign agreement for supplying 2,050 MW - Zameen News","description":"Islamabad: The government and K-Electric (KE) have agreed to sign a new power purchase agreement (PPA) to gain a total supply of 2,050 megawatts (MW) for","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-ke-to-sign-agreement-for-supplying-2050-mw.html","og_locale":"en_US","og_type":"article","og_title":"Govt, KE to sign agreement for supplying 2,050 MW - Zameen News","og_description":"Islamabad: The government and K-Electric (KE) have agreed to sign a new power purchase agreement (PPA) to gain a total supply of 2,050 megawatts (MW) for","og_url":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2021-05-17T07:29:20+00:00","article_modified_time":"2021-05-17T07:29:25+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/Karachi-City.jpg","type":"image\/jpeg"}],"author":"Hazafa Hasan","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Hazafa Hasan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html"},"author":{"name":"Hazafa Hasan","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/422fcc128fcaf82dae8406d1cf62a52b"},"headline":"Govt, KE to sign agreement for supplying 2,050 MW to Karachi","datePublished":"2021-05-17T07:29:20+00:00","dateModified":"2021-05-17T07:29:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html"},"wordCount":227,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/Karachi-City.jpg","articleSection":["New Developments","Notices &amp; Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html","url":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html","name":"Govt, KE to sign agreement for supplying 2,050 MW - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/Karachi-City.jpg","datePublished":"2021-05-17T07:29:20+00:00","dateModified":"2021-05-17T07:29:25+00:00","description":"Islamabad: The government and K-Electric (KE) have agreed to sign a new power purchase agreement (PPA) to gain a total supply of 2,050 megawatts (MW) for","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/Karachi-City.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/Karachi-City.jpg","width":1170,"height":400,"caption":"Still of tomb of Quaid (Karachi)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/govt-ke-to-sign-agreement-for-supplying-2050-mw.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Govt, KE to sign agreement for supplying 2,050 MW to Karachi"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/422fcc128fcaf82dae8406d1cf62a52b","name":"Hazafa Hasan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","caption":"Hazafa Hasan"},"description":"Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.","url":"https:\/\/www.zameen.com\/news\/author\/hazafa"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/76052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/75"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=76052"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/76052\/revisions"}],"predecessor-version":[{"id":76054,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/76052\/revisions\/76054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/61673"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=76052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=76052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=76052"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=76052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}