Electricity is going to be cheaper in the coming days, the big claim of Petroleum Minister – Pakistan

Minister of Petroleum Mossadegh Malik announced the good news to the people about the cheaper electricity in the coming days.

During an interview in a private channel program, he claimed that the government has decided to bear the additional burden of electricity for 86 percent of the houses and for this, 50 billion rupees will be withdrawn from the treasury and given to the electricity department.

Apart from this, Mossadegh Malik also spoke about electricity distribution companies. He hoped that negotiations with Jamaat-e-Islami on the issue of IPPs would be fruitful.

It should be noted that Jamaat-e-Islami’s sit-in on the issue of over-billing and termination of expensive contracts with IPPs has entered the 5th day in Rawalpindi, while all negotiations with the government have failed.

It should be noted that there is strong protest and anger from all quarters on the amount paid to IPPs in the country and the expensive contracts with them.

Earlier, former Federal Commerce Minister Gohra Ijaz, after asking for the record of payments made to the electricity distribution companies (IPPs), said to read the contracts of the IPPs and also know their details, in the name of mismanagement and corruption. But due to the loss of investor confidence, we are being robbed.

Earlier Gohar Ejaz had asked Federal Minister for Power Awais Laghari for the record of payments made to IPPs. He had demanded in the press release that the data of all 106 IPPs should be made public and the nation should be told that which power plant has generated how much electricity according to its capacity.

Power division officials, on the other hand, said that the government cannot unilaterally walk away from agreements based on sovereign guarantees with IPPs, as this could expose the government to heavy fines in arbitral tribunals, as in the Rekodic case. .