Overview
- Reworked electricity purchase contracts with 15 plants are projected to save about Rs163 billion over their remaining terms and include a one-year waiver of late payment surcharges to clear Rs235 billion owed to government-owned plants.
- The ECC revised terms for 14 wind projects and the Quaid-e-Azam Solar plant, cut late payment KIBOR by 2%, reduced O&M and insurance caps for certain wind plants, fixed solar ROE at 13% with a Rs168/$ exchange rate, and terminated Altern Energy’s contract.
- A Rs3 billion technical supplementary grant will fund gas connections for villages within five kilometres of production fields through SNGPL and SSGCL.
- Disaster-response reimbursements of Rs3.63 billion were approved for NDMA, alongside Rs1.3 billion for SDG-linked power schemes and Rs200 million to settle court-directed BECS teacher wage differentials for 2017–2021.
- The committee cleared Rs1.47 billion for federal information campaigns with a directive to seek remaining funds next quarter and approved Rs13.1 million for Pakistan’s annual International Energy Forum contribution.