IPP announces reduction in electricity price
Owner says step taken in the interest of national welfare and consumer affordability
Karachi: Asia Pak Investment Chairman Shehryar announced reduction of electricity prices from one of the Independent Power Producer.
This was announced during a press conference in Karachi on Wednesday.
Shehryar Chishti explained that the price cut was made because consumers are struggling to afford electricity.
He noted that the power situation in the country has worsened and that electricity prices should be reduced.
Shehryar Chishti emphasized that, in the interest of national welfare and consumer affordability, electricity prices need to be lowered.
He pointed out that in 2021, all IPPs had reduced the rate of return by 11%, and similar reductions in electricity prices should be implemented again.
On occasion another IPP CEO Imran Khan stated that the return on equity will be voluntarily reduced from 18 percent to 10 percent.
PM orders strict action against tax defaulters, pushes for FBR digitisation
- 13 hours ago
Christmas market attack toll jumps to 5 dead, over 200 wounded: Germany
- 15 hours ago
NDMA predicts light rainfall in Islamabad on Dec 23-24
- 17 hours ago
Pakistan terms US official’s alleged perception over its missile capabilities as unfounded
- 14 hours ago
What is expected schedule of ICC Champions Trophy 2025
- 15 hours ago
Sigourney Weaver makes West End debut in ‘The Tempest’
- 11 hours ago
