The government has begun a fresh negotiation with the private power suppliers to extend the contracts by up to five years in wake of its failure to set up new plants.
On 9th March, the power division officials held a meeting with two power suppliers, Aggreko International for its 145 MW gas-fired plant at Ghorashal and NEPC for its 110 MW furnace oil-fired plant at Haripur, to extend their contracts. A 3-year contract with Aggreko and a 15-year contract with NEPC were expired in 2013. Both the companies would supply electricity to the grid on rental-basis.
In the meeting, the power division asked the companies to submit proposals keeping consistence with recently extended contracts for power supply, a power division official said.
The government, towards the end of its previous term, extended seven power purchase contracts with private entrepreneurs and settled the contract extension conditions for two other contracts.