Real Assets
Decides to negotiate with hydel, gas-based IPPs to save costs for consumers. : As electricity prices continue to surge, the government has decided to extend the scope of negotiations with independent power plants (IPPs) to cover hydel and gas-based projects as well in an effort to slash tariffs. Earlier, the Pakistan Tehreek-e-Insaf (PTI) government had started negotiations with the IPPs to review the dollar indexation clause. A cap was placed to control the electricity prices rising with further depreciation of the rupee. The current caretaker government has continued negotiations with wind energy producers.