By Ali Imran
ISLAMABAD: The Power Division is all set to send a summary to the Economic Coordination Committee (ECC) of the Cabinet in its forthcoming meeting for payment of Rs131 billion, first instalment of 40 per cent of agreed amount to 11 Independent Power Producers (IPPs) of Power Generation Policy 2002.
On September 13, 2021, Power Division submitted a report of the Implementation Committee (IA) headed by Minister for Finance Shaukat Tarin to the Cabinet Committee on Energy (CCoE) headed by Minister for Planning, Development and Special Initiatives, Asad Umar on the ratification of the IPPs agreement, under the Power Generation Policy 2002.
After detailed discussion, the CCoE approved the final report of the IA and directed Power Division to proceed with the payment of all 11 IPPs as per the signed agreements except Rs8.6 billion of Nushat Chunian Power Limited of Mian Mansha, which is under investigation by the National Accountability Bureau (NAB). The decision of Arbitrator will be final in the case of M/s Nishat Chunian.
The following IPPs will get payment 40 per cent of the agreed amount: (i) Atlas Power- RFO ;(ii) Attock Gen- RFO;(iii) Engro Energy-gas ;(iv) Saif Power- RLNG ;(v) Halmore Power- RLNG;(vi) Hub Power(Narowal) – RFO ;(vii) Liberty Power- RFO ;(viii) Nishat Power- RFO;(ix) Orient Power- RLNG ;(x) Foundation Power (Dharaki)- gas ; and (xi) Saphire Electric “RLNG.
