Pakistan, April 19 -- The government has approached the National Electric Power Regulatory Authority (Nepra) to lower power purchase rates from four public sector power plants. This request aims to save approximately Rs1.58 trillion over the plants' remaining lifespans. Key changes include shifting from a 'take or pay' model to a 'hybrid take and pay' approach.

These four power plants, which have a total capacity of 3,700 MW, include two LNG-based projects at Balloki and Haveli Bahadur Shah, along with the thermal-based Guddu and Nandipur plants. The LNG projects alone could save about Rs1.1 trillion. Overall, the expected savings from all four plants are about Rs1.6 trillion, covering capacity charges and operational costs.

The governm...