Pakistan has earned Rs46.73 billion from the successful auction of scrap obtained from closed power plants. According to a government spokesperson, this amount exceeds the initial estimate of Rs45.817 billion made by State Bank experts, which was set after the Prime Minister directed the sale of old infrastructure.

The sale took place in two phases. In the first phase, Rs8.475 billion was generated from scrap obtained from 31 units, exceeding the reserve price of Rs7.593 billion. Agreements with successful bidders have been finalized.

Later, scrap obtained from 30 more government power plants was sold for Rs38.255 billion, exceeding the initial estimate of Rs38.224 billion. Agreements for this phase, which include plants such as Jamshoro Blocks 1 and 2, Guddu 2, Sukkur, Quetta, Muzaffargarh Blocks 1 and 2, and Faisalabad, have now been completed.

Retired facility workers have been merged into power distribution companies. This sale will save billions of rupees annually that were previously allocated for the maintenance of old plants, ultimately benefiting electricity consumers who were bearing the capacity charges of these plants on their electricity bills.