ECC approves payment of the first installment to IPPs - News Summed Up

ECC approves payment of the first installment to IPPs


Secretary Power gave a detailed briefing to the ECC regarding arrangement for providing additional power from the National Transmission & Despatch Company (NTDC) to KE since April 2020. He also raised the issue of non-payment for the additional power supply by KE to the Power Division. Article continues after this advertisementThe NTDC has already started to supply a part of the additional power. The ECC also took up a summary regarding the release of first installment of 40 per cent payment to IPPs against total Rs403bn payables. The ECC approved payment of first installment to 35 IPPs out of total 47 and decided to withhold payment to the remaining 12 IPPs, under the Power Policy 2002, owing to the National Accountability Bureau investigation.


Source: Pakistan Today May 05, 2021 16:30 UTC



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