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Pakistan approves revised wind and solar power contracts, saving $163B and paying $235B in arrears within 90 days.
The Economic Coordination Committee approved revised power contracts for 14 wind and one solar project in Punjab, terminating one small independent producer’s deal, aiming to save Rs163 billion over project lifetimes.
The government will pay Rs235 billion in overdue payments within 90 days.
Adjustments include lower returns on equity, reduced operation costs, waived late interest, and revised insurance caps.
Savings come from older wind tariffs, the Quaid-i-Azam Solar Plant, and force majeure-related changes.
The deadline for using Rs1.25 trillion in debt to clear circular debt was extended to June 2026.
Supplementary grants totaling Rs10.1 billion were approved for energy, education, disaster response, and rural gas projects.
Pakistán aprueba contratos revisados de energía eólica y solar, ahorrando $163B y pagando $235B en atrasos dentro de los 90 días.