Tuesday, 16 April 2013

Independent Power Producers (IPPs) owe Rs 32 billion due to Wapda's payment default

The Independent Power Producers (IPPs) of the country are in huge debt because of Wapda’s default on its contractual obligations. Contrary to the Power Purchase Agreement, Wapda has released meager or in some cases absolutely no payments to the gas-fired IPPs over past few months....Independent Power Producers (IPPs) owe Rs 32 billion due to Wapda's payment default

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