The government has announced plans to shut down five Independent Power Producers as discussions continue with 100 other power producer companies in Pakistan on Saturday.
Sources indicated that IPPs are showing a flexible attitude regarding the potential reduction of profits, although the exact details are still being negotiated, reports a news channel.
Federal Minister for Energy, Owais Leghari, provided a briefing to the committee, stating that he would soon share positive updates regarding the IPPs.
He emphasized that the task force has completed its review of the electricity sector and that any actions regarding IPP contracts will be undertaken collaboratively, ensuring transparency and confidence among the stakeholders.
The public will be informed once negotiations with the IPPs are finalized, with expectations of progress in the coming weeks concerning profit reductions.
Meanwhile, Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Saturday chaired the meeting of the Chairpersons of the newly constituted Boards of Directors of the Power Distribution Companies.
The meeting was also attended by Minister for Power, Sardar Awais Ahmad Khan Leghari.
The discussions focused on the critically required human resource by the DISCOs.
The chairpersons of the Boards of Directors were asked to reassess the level of human resource requirements in light of the functional requirements and the principles of outsourcing for maximum efficiencies, reduction in line losses, elimination of power theft and customer care. They were also urged to look into all those ageing posts which are now redundant. The deputy PM expressed full resolve of the Government to address the issues of governance in the DISCOs.
