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Reading: Govt pays IPP company Rs38.16 billion without getting a single unit in return.
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Baner Club > Blog > Ecnomics > Govt pays IPP company Rs38.16 billion without getting a single unit in return.
Ecnomics

Govt pays IPP company Rs38.16 billion without getting a single unit in return.

Payments were made in the form of capacity charges which were received from the consumers in the electricity bills

Last updated: 2024/04/24 at 6:10 PM
Published April 24, 2024
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The Independent Power Procedures (IPP) contracts place all of the responsibility on the already strapped consumers; in the most recent incident, Rs. 38.16 billion was paid without a single unit being generated by a private power business.

The capacity charges that were collected from customers and included in their electricity bills were used to make the payments.

The central government disbursed Rs38.16 billion without requiring the private power business to surrender a single unit.

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BanerClub April 24, 2024 April 24, 2024
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