Ministry of Water and Power has started arm twisting Independent Power Producers (IPPs) demanding payment of overdue arrears against the power sector. As a first step, Private Power Infrastructure Board (PPIB), an arm of the Ministry, has sent legal notices to 13 IPPs for giving an advertisement in the newspapers through IPPA (Independent Power Producers’ Advisory Council) for allegedly violating Implementation Agreements (IAs). Two more legal notices are expected to be issued through Central Power Purchasing Agency (CPPA) for alleged violation of Power Purchase Agreement (PPA) and violation of commitments.

Published in Dawn, 29th March, 2017

http://epaper.brecorder.com/2017/03/29/1-page/861288-news.html