Tag: #IPPs
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The IPPs Versus the Hapless Poor
Year on year the hapless people have been the victims to the inflated cost of the electricity bills. They wait with bated breath to see if they can be spared of this grueling grind. Theft, corruption, incompetence, and line losses can be seen as the main attributable factors including capacity payments which hangs like the…
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IPPs start renewing previous governments’ contracts: Rs 836 billion savings possible
ISLAMABAD: Renewal of previous governments’ agreements with IPPs has started: Rs 836 billion is likely to be saved. According to reports, implementation of revised agreements with IPPs has started, plants will save Rs 182 billion for the rest of their lives. The rate of return on local investment has been raised to 17%. According…
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Baaghi TV gets a detailed report on Power Blackout
Lahore, 12th January: A report has come out notifying the real reason behind the blackout in Pakistan that happened on Saturday night. According to the report of Baaghi TV, a report on the recent power blackout has been submitted to the Power Division. According to the report submitted by National Power Control Center, 500 KV…
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Circular debt surpasses Rs 2000 billion in energy sector: Shafqat Mehmood
LAHORE, August 24 (Online): Education Minister Shafqat Mehmood has said that circular debt in energy sector has surpassed Rs 2000 billion in the country, however, it will be reduced due to new agreements with IPPs. Education Minister said this while addressing a ceremony here Monday at a Grid station. He pointed out most problems which…
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IPPs agreement to reduce cost of power generation: Omar Ayub
Islamabad August 17 (Online Int’l): Minister for Power Omar Ayub has said the agreement signed with the Independent Power Producers will lead to reducing cost of power generation and improve electricity distribution system in the country. He was addressing a news conference along with Special Assistant on Power Shahzad Qasim in Islamabad on Monday.The Minister…
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Country Facing Energy Mix due to Ill-Conceived Policies of Past: Omar Ayub
Omer Ayub Khan says that the country is facing an energy mix due to the ill-conceived policies of past governments.
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Broken power sector swallows $45 billion in a decade: Mian Zahid Hussain
Islamabad, July 06 (Online): President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, FPCCI’s Businessmen Panel Sr. Vice Chairman, and former provincial minister Mian Zahid Hussain on Monday said failed state-run companies continue to damage the country. The matter should be resolved otherwise, the economy will never take off and the country will…
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The result of big cases is zero in Pakistan: Lucman reveals in his video
Lahore, 20th May: Pakistan’s renowned anchor Mubasher Lucman informs his fans today through his video that it is shameful that no result has come out of any big case. He quoted a saying by Hazrat Ali that a state can run by ‘Kuffar’ but not by oppression and cruelty. It is hopeless when we…
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Asif Zardari alive or dead? Mubasher Lucman
Lahore, 12th May: Today in the latest video on Mubasher Lucman YouTube channel, the renowned anchor reveals the mystery related to PPP co-chairperson Asif Ali Zardari. Mubasher Lucman clarifies the rumours about Asif Zardari that have been on the mill since yesterday and tells us that Mandliawala has ended the speculations about the death of…
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Jahangir Tareen’s Group Accountable For Power Sector Loss
The inquiry committee formed to probe the alleged corruption of billions of rupees by independent power plants (IPPS) and Jahangir Khan Tareen’s group was among those responsible for the losses incurred by the power sector. The report claimed that Tareen’s group earned Rs 3.85 billion through two power plants — JDW 2 and 3, adding…