The Energy for All renewable scheme faces yet another setback as the Energy Regulatory Commission (ERC) cited force majeure to postpone the signing of power purchase agreements (PPAs) between the government and companies who won an auction last year.
The PPAs were supposed to be signed between the bid winners and the state power distribution arm, Provincial Electricity Authority, yesterday to kick-start the development of power plants, scheduled to operate within three years after the signing.
“Because of unexpected events which are beyond the jurisdiction of the Provincial Electricity Authority, the power purchase agreement signing cannot proceed as planned,” the ERC said on its website.
Its…