10 IPPs may close down if dues not paid by April 19

ISLAMABAD: In an alarming development that is likely to worsen the power crisis, 10 Independent Power Producers (IPPs) have served notices on the government against Pepco for defaulting on payment of Rs42 billion, a senior official at the Ministry of Water and Power told our sources.The IPPs will invoke sovereign guarantees if payments were not made after a 30-day notice period, a representative of the IPPs confirmed, saying they had served preliminary notices on the government for non-payment o... more

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