Wednesday, 23 October 2024, 08:29:59 am

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The termination of contracts with five IPPs will lead to reduction in the prices of electricity

Aftab Maikan (Energy Expert):

It is a great achievement that the government managed to eliminate the clause of take or pay in agreements with IPPs. It means whether the IPP produces electricity or not, consumes energy or not, the government is bound to pay the electricity cost to the IPPs. Such clauses are eliminated with the mutual consensus of the stakeholders. It will support the government in production of cheaper electricity that will boost industrial production. The government is focusing on renewable energy sources including wind, solar and hydro power generation.