Government’s decision to end expensive power plants to reduce the price of electricity – Business & Economy

The government has decided to close the expensive power plants to reduce the cost of electricity. While MQM leader Mustafa Kamal has met Federal Minister for Power Owais Leghari in Islamabad regarding IPPs agreements. Mustafa Kamal says that the country’s economy has stopped due to capacity payments.

According to the statement of the Power Division, the MQM delegation met Federal Minister for Power Sardar Owais Ahmed Khan Laghari, in which a detailed discussion was held on the power problems of Karachi.

According to the declaration, the members of the delegation were briefed on the ongoing reforms in the power sector and were told that the federal government is working on an emergency basis to solve the power problems. Expensive power plants will be retired and imported coal-fired plants will be shifted to local coal to bring down electricity costs.

The country’s economy has stopped due to capacity payments, Mustafa Kamal

After meeting Federal Minister for Power Owais Leghari in Islamabad, MQM leader Mustafa Kamal while talking to the media said that the biggest problem of all the problems is electricity, both rich and poor are worried about this problem, 18 in Karachi. , 18 hours of loadshedding is taking place.

He said that a new series of taxes has started after the budget, indicating that the capacity payments agreements are bulldozing the economy, the economy will not be able to give us 13 thousand billion rupees, the largest capacity payments to the economy. The country’s economy has stopped due to these agreements.

He said that if the dollar increases, the capacity payments automatically increase, government IPPs and local IPPs can be understood that your profit will decrease and the country will be saved.