Expensive agreements with IPPs being renegotiated to facilitate masses: Farrukh

Parliamentary Secretary for Railways Farrukh Habib has said that the expensive agreements signed with the International Power Producers (IPPs) during former regimes are being renegotiated by the incumbent government to provide relief to the masses.

Negotiations are heading in positive direction and the government has achieved some success, he said while talking to state-owned tv channel, PTV on Monday.

Farrukh Habib said people are facing problems regarding the supply electricity and huge power prices and the country is facing loss of billions of rupees due to the agreements with IPPs.

He said the government has spent 50 billion rupees to improve the capacity of the system of transmission lines.

The Parliamentary Secretary for Railways said the government has focused on hydel power production to provide cheap electricity to people and projects initiated will produce 12000 megawatt power.