PM says 5 IPPs to revisit contracts as Hub Power’s govt deal ends prematurely

Pakistan’s biggest private utility, Hub Power Company Ltd, unveiled on Thursday the premature termination of a pact for the government to buy power from a generation project.

The step comes after Power Minister Awais Leghari told Reuters last month the government was re-negotiating deals with independent power producers (IPPs) to rein in electricity tariffs as households and businesses buckle under soaring energy costs.

The government and market operator, the Central Power Purchasing Agency (CPPAG)...