Pakistan Renegotiates Costly Contracts With 5 Private Power Producers – The Diplomat

The Shehbaz Sharif government in Pakistan has approved the termination of contracts with five private Independent Power Producers (IPPs) to address rising energy costs and financial burdens. This decision, saving 411 billion Pakistani rupees annually, follows negotiations with HUBCO, Lalpir, Saba Power, Rousch Power, and Atlas Power, highlighting the government’s commitment to energy sector reforms and public relief amidst economic challenges. Concerns remain about negotiation tactics, particularly with Chinese investors, as Pakistan navigates renegotiating deals to reshape its energy policy for greater affordability and sustainability.

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