Govt renegotiating power deals with IPPs to cut costs: minister Leghari
The government is renegotiating contracts with independent power producers (IPP) to rein in “unsustainable” electricity tariffs, said Power Minister Awais Leghari, as households and businesses buckle under soaring energy costs. Rising power tariffs have stirred social unrest and shuttered industries in the $350 billion economy, which has contracted twice in recent years as inflation hit record highs. “The existing