PM Shehbaz Sharif Approves Tariff Renegotiations with Eight IPPs

The federal cabinet, under the chairmanship of Prime Minister Shehbaz Sharif, approved tariff renegotiations for eight Independent Power Producers (IPPs), aiming to save the national treasury Rs200 billion, according to sources.

The decision follows recommendations from the Special Task Force on IPPs and includes tariff reviews for JDW, Chiniot Power, Hamza Sugar, Al-Moiz Power Plant, Thal Industries, and Chenar Energy.

During the meeting, which also focused on the country’s political and economic challenges, it was highlighted that this step builds on earlier cabinet actions, such as the cancellation of agreements with five IPPs, in a bid to reduce financial pressures.