Shehbaz announces govt terminating contracts with 5 IPPs in first phase

Prime Minister Shehbaz Sharif has said that the government would terminate its contract with five independent power producers (IPPs) in the first phase and promised a relief to the inflation-hit masses.

Consumers have been receiving inflated electricity bills across the country recently that prompted the government to reconsider the agreements with IPPs as capacity payment charges are included in power bills.