IPPs call sovereign guarantee to recover outstanding dues worth billions

Independent Power Producers (IPPs) has called for a sovereign guarantee to recover outstanding Rs48billion dues pending with the government, and Pakistan Power Infrastructure Board (PPIB) has received a notice from IPPs in this regard, it has been learnt reliably.
According to details, the outstanding amount of Pakgen Power is Rs7.77, Liberty Power Rs5.36 bln, HUBCO Narowal Rs5.02 bln, Nishat Power Rs 4.88 bln, Atlas Power and Lalpir Rs4.55 bln. Similarly, the government has to pay Rs4.45bln of Attock Gen, Rs2.3bln of Kohinoor Energy, Halmore Power Rs88 crore, Saif power Rs1.5 bln, Saphire Electrics Rs1.4 bln, and Orient Rs1.18bln.

Published in Pakistan Today, 4th March, 2017