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List of IPPs whose capacity-based agreements will be canceled

MM News Staff by MM News Staff
October 14, 2024
Image: Independent News Pakistan

Image: Independent News Pakistan

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:

  1. Uch-I Power Limited (586 MW)
  2. Pakgen Power Limited (365 MW)
  3. Liberty Power Daharki Ltd (235 MW)
  4. Kohinoor Energy (131 MW)
  5. Fauji Kabirwala Power Company Limited (157 MW)
  6. Attock Gen Limited (165 MW)
  7. Engro Power Gen QadirPur Limited (227 MW)
  8. Foundation Power (Daharki) (185 MW)
  9. Halmore Power Generation Company (225 MW)
  10. Liberty Power Tech Limited (200 MW)
  11. Hubco Narowal Energy Tech Limited (220 MW)
  12. Nishat Chunian Power Limited (200 MW)
  13. Nishat Power Limited (200 MW)
  14. Orient Power Company (229 MW)
  15. Saif Power Limited (229 MW)
  16. Saphire Power Limited (225 MW),
  17. New Bong Hydel IPP (84 MW)
  18. 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.

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