Chairing a meeting with heads of local commercial banks on Friday, he said that both power plants were established through government funding or equity instead of the debt-to-equity ratio allowed by the National Electric Power Regulatory Authority (Nepra) under tariff determination for NPPMCL’s power plants. “It has been decided to align the capital structure as per the allowed tariff through long-term debt financing from banks,” the minister said. Citing that the privatisation of NPPMCL was a large transaction, Soomro said that the Privatisation Commission would coordinate with all stakeholders to fulfill the national cause. “Once the debt portion of these two power plants is settled, they will be privatised,” he told the participants. The meeting was told that collateral or security would be decided according to the terms of power purchase agreements and implementation agreements of the power projects.

Source: Pakistan Today September 25, 2021 04:30 UTC