IPPs: processing fee raised manifold
The Private Power & Infrastructure Board (PPIB) has increased Independent Power Projects (IPPs) processing fee manifold under the guise of financial autonomy, well-informed sources told Business Recorder.
It was highlighted that the role and the responsibilities of the PPIB have been recognized and strengthened by making it a statutory body through an Act of Parliament which received the assent of the President on the 2nd March, 2012. According to insiders, several senior officials of the PPIB are running their own businesses including coffee houses, private schools and IT. The PPIB officials are also “facilitating” project deals for specific investors.
Published in Business Recorder, 27th July, 2017