ISLAMABAD - After almost nine years of supplying electricity to K-Electric without any contract, the caretaker government Friday inked power purchase agreement (PPA) for the supply of 1000MW electricity to the company. Government of Pakistan, KE and various critical power sector stakeholders had been engaged in talks for a significant period of time. Under the PPA, the federal government would be bound to provide 1,000MW of electricity to KE for 10 years. The supply of electricity could go up depending upon the availability of excess electricity in the national grid. Caretaker Minister of Energy, Power and Petroleum Muhammad Ali, said on the occasion , “We are tackling a Gordian knot in the power sector with a vision to bring efficiency and long-term stability.

Source: The Nation January 06, 2024 16:20 UTC