• Tariff may drop by only 30-67 paise despite revised deals
• Industry disappointed as promised relief falls short

ISLAMABAD: As the dust settled over official claims about Rs4 trillion savings through revision in power sector contracts, the government-owned entities on Thursday testified at a public hearing that those savings would be almost half — about Rs2-2.5tr over their remaining life — and it would translate into base tariff reduction of 30-67 paise per unit next year.

The public hearing presided over by National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar was held at the request of Central Power Purchasing Agency (CPPA) — a corporate subsidiary under the Power Division for approval of next fiscal year’s Power Purchase Price (PPP), commonly described as base tariff.

Various commentators questioned the official hype over savings secured by revising contracts with independent power producers (IPPs) and government-owned power plants (GPPs).

Amir Sheikh, a........

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