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Ordering IPPs forensic audit govt’s ‘prerogative’ The Power Division noted that no right of the government would be affected IPPs will implement the MoU with the receipt of power purchase dues of around Rs600 billion. PHOTO: REUTERS ISLAMABAD: The prerogative to conduct forensic audit of the Independent Power Plants (IPPs) rests with the government, said the Power Division, adding under no circumstances it gave up on any of its right during lengthy negotiations towards a reaching a final agreement with them. In a recent meeting, Cabinet Committee on Energy (CCoE) Chairman Asad Umar sou...

Revised IPP deal likely to win CCoE nod today Cabinet panel to consider Power Division’s proposal to pay Rs399 billion to IPPs; variations made in MoU IPPs will implement the MoU with the receipt of power purchase dues of around Rs600 billion. PHOTO: REUTERS ISLAMABAD: Independent Power Producers (IPPs) seem to be the winner in a revised deal with the government as they are set to receive Rs399 billion along with continuation of the tariff and capacity payments with the US dollar indexation. The Cabinet Committee on Energy (CCoE) will meet on Monday [today] to give the goahead to a deal wi...