The government needed to revoke the practice of capacity payment based on ‘Take or Pay’ with the owners of the IPPs and recover Rs100bn, it added. Sources said that the IPPs owners showed the extra cost to get extra tariff at the time of the contract, with NEPRA failing to check the veracity of the cost. The IPPs owners were also accused of earning “unjust” profits in fuel consumption whereas NEPRA never gauged the efficiency of the consumption. Large numbers of power plants have been installed by offshore companies, they said. They said that a detailed presentation in this regard has been given to the PM and recommended to collect Rs 100 billion immediately from owners of power plants and review in the agreements with owners of power plants.

Source: Pakistan Today April 11, 2020 14:26 UTC