SPA with KE, revised agreements with IPPs: Senate body expresses annoyance at PDs failure to furnish copies
ISLAMABAD: Senate Standing Committee on Power on Thursday expressed annoyance at Power Divisions failure to provide it the copies of Sale Purchase Agreements (SPA) with KE and revised agreements with Independent Power Producers (IPPs). Presided over by Senator Saifullah Abro, the Committee was given a detailed briefing on agreements with the IPPs along with technology, circular debt and reasons for its growth, KEs agreement and its payables and receivables. Secretary Power, Ali Raza Bhutta informed the committee that the Power Division is considering using a specific quantity of local coal in imported coal-fired power plants. He said 15 projects of 3035 MW were established under the power policy 2002. A presentation given to the Committee says that the federal government issued the policy framework and package of incentives for power sector generation projects (policy 1994) in March 1994 in the face of an acute power shortage in the country. The government estimated a conservative 8 per cent demand growth over the next 25 years.
SPA with KE, revised agreements with IPPs: Senate body expresses annoyance at PDs failure to furnish copies
ISLAMABAD: Senate Standing Committee on Power on Thursday expressed annoyance at Power Divisions failure to provide it the copies of Sale Purchase Agreements (SPA) with KE and revised agreements with Independent Power Producers (IPPs). Presided over by Senator Saifullah Abro, the Committee was given a detailed briefing on agreements with the IPPs along with technology, circular debt and reasons for its growth, KEs agreement and its payables and receivables. Secretary Power, Ali Raza Bhutta informed the committee that the Power Division is considering using a specific quantity of local coal in imported coal-fired power plants. He said 15 projects of 3035 MW were established under the power policy 2002. A presentation given to the Committee says that the federal government issued the policy framework and package of incentives for power sector generation projects (policy 1994) in March 1994 in the face of an acute power shortage in the country. The government estimated a conservative 8 per cent demand growth over the next 25 years.