CT Newsroom
Federal Minister for Energy Sardar Awais Ahmad Laghari said that the circular debt decreased to 12 billion rupees.
As per details, Federal Minister for Energy Sardar Awais Ahmad Laghari issued a video message from his office, in which he highlighted the recovery rate of debt for the period from July to November 2024
He said in video message that the circular debt decreased to 12 billion rupees. 2,381 billion rupees for the period from July to November 2024 as the debt was 2,393 billion rupees on June 30, 2024.
The minister informed that there is significantly improving in the recovery rate for the period from July to November 2024 has reached 96%.
The power division proposed the federal cabinet revised agreements with eighteen more Independent Power Producers (IPPs).
The Cabinet Committee on Energy approved the Power Division’s summary, granting permission for a single-point power supply to Industrial States and Special Industrial Zones beside authorizing their management for giving connection, bill collection, and other related matters.
“The decision was made to address complaints from industrial zones and special industrial zones regarding the new connections and billing process”, said the minister.