Revised IPP deal likely to win CCoE nod today
Cabinet panel to consider Power Division’s proposal to pay Rs399 billion to IPPs; variations made in MoU
IPPs will implement the MoU with the receipt of power purchase dues of around Rs600 billion. PHOTO: REUTERS
ISLAMABAD:
Independent Power Producers (IPPs) seem to be the winner in a revised deal with the government as they are set to receive Rs399 billion along with continuation of the tariff and capacity payments with the US dollar indexation.
The Cabinet Committee on Energy (CCoE) will meet on Monday [today] to give the goahead to a deal with the IPPs.