Payment to 12 IPPs withheld for NAB cases

ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) has approved payment of first installment to 35 Independent Power Producers (IPPs) out of total 47 whereas payment to the remaining 12 IPPs (under Power Policy 2002) may be withheld owing to the NAB investigation. Federal Minister for Finance and Revenue Shaukat Tarin chaired the meeting on […]

by Mrs. Anjum Shahnawaz

Engro Powergen approves revised IPPs-government MoU

KARACHI: The Board of Directors (BOD) of Engro Powergen Qadirpur in a meeting held on Monday approved the revised terms of Memorandum of Understanding (MoUs) between Independent Power Producers (IPPs) and the government. The company in a letter sent to Pakistan Stock Exchange (PSX) informed that the Committee for negotiations with Independent Private Power Producers […]

by Mrs. Anjum Shahnawaz

IPPAC rejects allegations of power sector losses

KARACHI: Independent Power Producers Advisory Council (IPPAC) has rejected the allegations of power sector losses made through the inquire committee’s report submitted to the prime minister. In response to the recent reports appearing in media on the Inquiry Committee’s Report (Report) over alleged losses in the Power Sector, the IPPAC categorically rejected the allegations being […]

by Mrs. Anjum Shahnawaz