Lahore – Fixation of new tarriff of IPP Kapco of tri – fuel Kot Addu of 1600MW power plant must meet the economic conditions of the country and business situation, stated by Mr. Azmat Javed CEO Grand Group and Chairman of the Committee on Industrial Sloutions of Lahore Chamber. He said that IPP are already paid huge dividend and causing industry the cost of doing business. Government must revoke IPP contracts in the interest of Pakistan. Exports are lowering due to high cost of gasoline and energy. In a news Press reported that NEPRA could not reach to a point of settlement & stuck with 22 points also Multan Electric supply company showed a great concern to pay Rs:28/- to Rs: 77/- for energy cost for different generating units.
The meeting went on for over three hours on the agenda of tarriff with out decision and legal members created undue legal complications. Minstary of Planning and Development earlier suggested to renew PPA of Kapco till 2027 for 500 to 600 MW on take and pay basics till MaySept. This difficult situation must be solved in the best interest of Pakistan. Most of the committee members did not agree with the agenda to raise the tarriff cost.Pakistan is already part of IMF program which is creating high inflation for the common citizen of Pakistan. Cost of food items are already 45% higher a white collar person and their families are eating less to pay the energy bill.
