April 20, 2020 (MLN): Hub Power Company Limited has informed that the Cabinet Committee on Energy (CCoE) in its meeting held on 2 April 2020, under the Chairmanship of the Federal Minister for Energy, Omar Ayub, has deliberated various viable and mutually acceptable options to bring about a reduction in the power tariff for the end-consumer.

The first meeting between the Committee and the IPPs (including HUBCO) was held on 16 April 2020 where the Federal Minister emphasized the reduction and relief in the cost of electricity and resolution in the quantum of capacity payments.

A technical committee has been constituted to consult with the IPPs on the above-mentioned objective and for seeking recommendations from IPPs on proposed areas of tariff reduction, the company further informed.

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