Govt sells obsolete Genco plants to Wah Industries

ISLAMABAD: In a rare government-to-government (G2G) transaction, Wah Industries — operating under the Ministry of Defence — has acquired about 30 obsolete power plants from public sector generation companies (Gencos) for Rs38.255 billion, following the failure of the government’s ambitious open auction plan.

The Power Division confirmed that under three separate sale agreements, Wah Industries purchased the non-functional plants from Northern Power Generation Company Ltd (NPGCL), Central Power Generation Company

Ltd (CPGCL)...