Engro Powergen Thar Private Limited (EPTL) has asked the Central Power Purchasing Agency Guarantee Ltd (CPPA-G) to immediately settle its outstanding dues
The committee also revived an implementation committee led by the finance minister with the addition of a representative from law division which had concluded agreements with about 47 IPPs in February this year. AFP/File
ISLAMABAD: Reversing earlier decisions and agreements, the government on Thursday decided to ‘re-negotiate’ once again power purchase agreements (PPA) with about a dozen independent power producers (IPPs) set up under Policy for Power Generation 2002 to recover ‘excess payments’ they had secured from the government.
The Cabinet Committee on Energy (CCoE), presided over by Planning Minister Asad Umar, took this decision on the advice of the National Accountability Bureau (NAB) for recovery of about Rs52bn including about Rs8.4bn from Nishat Chunian project of Mansha Group. The committee also revived an implementation committee led by the finance minister with the addition of a representative from law division which had concluded agreements with about 47 IP