The Pakistani government has suspended payments to 18 Independent Power Producers (IPPs) with a total capacity of 4,267 MW. This decision comes ahead of negotiations to change their power purchase agreements (PPAs) from capacity-based payments to payments based solely on electricity purchased.
These IPPs are included:
- Uch-I Power Limited (586 MW)
- Pakgen Power Limited (365 MW)
- Liberty Power Daharki Ltd (235 MW)
- Kohinoor Energy (131 MW)
- Fauji Kabirwala Power Company Limited (157 MW)
- Attock Gen Limited (165 MW)
- Engro Power Gen QadirPur Limited (227 MW)
- Foundation Power (Daharki) (185 MW)
- Halmore Power Generation Company (225 MW)
- Liberty Power Tech Limited (200 MW)
- Hubco Narowal Energy Tech Limited (220 MW)
- Nishat Chunian Power Limited (200 MW)
- Nishat Power Limited (200 MW)
- Orient Power Company (229 MW)
- Saif Power Limited (229 MW)
- Saphire Power Limited (225 MW),
- New Bong Hydel IPP (84 MW)
- Uch-II Power Project (404 MW)
Several IPPs have reportedly agreed to renegotiate their contracts, citing the need to address the power sector crisis and work towards a mutually beneficial agreement.