Federal Minister for Power Awais Leghari on Friday said that negotiations with 11 more independent power producers (IPPS) were currently underway to reduce power tariff.
Briefing a session on the “Bijli Sahulat Package,” Laghari said that the government terminated power purchase agreements with five IPPs, a move expected to save the economy billions of rupees by reducing capacity payments.
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He said Pakistan would no longer be among countries generating expensive electricity.
“We are hopeful that in the coming months, Pakistan will not be a country generating costly electricity in the region.”
He said that providing relief to the common people remains a top priority.
“It is the prime minister’s directive to ensure relief for consumers,” he added.
Under PM Shehbaz Sharif’s dynamic vision, promoting economic activities was a key priority, and the power sector was playing a crucial role in bolstering the national economy.
The minister termed the electricity relief package as a revolutionary step that has achieved a significant milestone in the power sector, contributing to economic stability.
“We have initiated reforms not only to streamline the power sector but also to make it profitable,” he added.
