ISLAMABAD - The government on Wednesday announced ending upfront tariff for the projects based on indigenous renewable energy resources and to award future power generation contracts through competitive bidding process. He said that earlier special rates were offered to the power generation companies in shape of upfront tariff which has encouraged these companies for investment in Pakistan. It is expected new tariff will be lower through competitive bidding. Hydle power plants with less than 50 MW generation capacity have to go through competitive bidding,” he said. For all new small hydel power projects, the induction of all projects will be through competitive bidding.

Source: The Nation December 14, 2017 01:51 UTC