Govt pays IPPs first instalment worth over Rs89 billion

Govt pays IPPs first instalment worth over Rs89 billion
Jun 5, 2021
ISLAMABAD: The federal government has paid Rs89.2 billion to 20 independent power producers (IPPs) as the first instalment of payment, ARY News reported on Friday.
The Finance Division has notified that 20 IPPs have been paid Rs89.2 billion as the first instalment of the payment following to directives of Prime Minister Imran Khan.
The payment to the power producers was completed by the State Bank of Pakistan, Power Division and other concerned departments.
In a Twitter message, Special Assistant to Prime Minister on Power and Petroleum Tabish Gauhar said that the first payment transaction, approved by the Government of 40 per cent to 20 IPPs amounting to Rs 89.2 billion have been completed in coordination with SBP and Power Division.

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