The following IPPs has been paid 40 per cent of the agreed amount: (i) Atlas Power- RFO; (ii) Attock Gen- RFO;(iii) Engro Energy-gas ;(iv)
Saif Power– RLNG ;(v) Halmore Power- RLNG;(vi) Hub Power(Narowal) – RFO ;(vii) Liberty Power- RFO ;(viii)
Nishat Power– RFO;(ix) Orient Power- RLNG ;(x) Foundation Power (Dharaki)- gas;(xi)
Nishat Chunian and (xii) Saphire Electric –RLNG.
IPPs received 1/3rd in cash, 1/3rd in Sukuk and 1/3rd in PIB bonds on January 6, 2021.
As per revised contracts, with payment of first installation to the 2002 Power Policy IPPs reduced tariff will be applicable from the date of payment, increase in late payment charges will be stopped on their undisputed payables which will lead towards a reduction in circular debt; heat rate test will be conducted as these IPPs agreed that the government can determine heat rate test to find out actual efficiency of plants which will further reduce tariffs after the tests, and fuel saving will be shared with the government besides reduction in operation and maintenance cost varying between 15 and 20 percent. Approximately, Rs 180 billion plus will be the saving of government through these revised contracts.
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