Ordering IPPs forensic audit govt’s ‘prerogative’
The Power Division noted that no right of the government would be affected
IPPs will implement the MoU with the receipt of power purchase dues of around Rs600 billion. PHOTO: REUTERS
ISLAMABAD:
The prerogative to conduct forensic audit of the Independent Power Plants (IPPs) rests with the government, said the Power Division, adding under no circumstances it gave up on any of its right during lengthy negotiations towards a reaching a final agreement with them.
In a recent meeting, Cabinet Committee on Energy (CCoE) Chairman Asad Umar sought clarification whether any right of the government had been compromised and affected including forensic audit of the IPPs.
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.