The meeting decided that the agreements reached by the government with private sector investors would be based on “take and pay”. This means that the government would only pay for units from private projects and would not be required to pay for capacity availability. This would primarily affect small renewable energy projects, such as small hydro and luggage projects and other projects that are not considered “base load projects”. Development of a negotiating plan (draft negotiating plans): Thorough preparation is essential for successful and mutually beneficial bilateral agreements. Preparation is not a generic term, but requires: conversely, the government guarantees electricity purchases from projects executed by public bodies on a “take or pay” basis. This means that the state would be responsible for paying for the capacity and energy of an available facility, even without actually drawing electricity, as is currently the case. This will protect energy projects currently being implemented and those to come under the China-Pakistan Economic Corridor (CPEC). He said the revised national electricity policy and national electricity plan would soon be submitted to the Council of Common Interests (CCI) for consideration. As part of the plan, it was decided that electricity capacity should be increased every year on the basis of demand and supply and taking into account the needs of different sources – hydropower, solar, gas, LNG, coal, nuclear energy, etc. – in order to ensure that public procurement is not forced as emergencies.
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