In the future, if the government delays subsidy payments, the company can make adjustments after two months against its payments to the government on account of power purchases. photo: fileThe interim government on Friday approved the finalisation of four deals with the country’s largest privately-managed power firm, K-Electric (KE), ending years-old disputes over power purchase payments and the supply of electricity. The Economic Coordination Committee of the Cabinet approved the signing of the Power Purchase Agency Agreement (PPAA), Interconnection Agreement (ICA), Tariff Differential Subsidy (TDS) Agreement, and Mediation Agreement. The end of the commercial dispute could also facilitate the takeover of KE by Shanghai Electric. KE has also submitted a plan for the generation of over 3,000 MW of electricity.

Source: The Express Tribune December 17, 2023 00:34 UTC