Two IPPs Serve Payment Notices to Govt

Two Independent Power Producers (IPPs) namely, Attock Gen Ltd (AGL) and Sapphire Electric Company Ltd (SEL) have served payment notices to GoP, which, according to Managing Director, PPIB will have serious consequences for the CPPA-G besides having adverse effect on GoPs guarantee obligations, well informed sources in PPIB told Business Recorder. PPIB Managing Director in a letter to CEO CPPA-G has…

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Proposed transaction of Discos: PC fails to hire financial advisers

Privatisation Commission (PC) has failed to find suitable Financial Advisers for the proposed transaction of power Distribution Companies (Discos) in one year, well informed sources in PC told Business Recorder. Sharing the details, sources said after approval of CCoP/ Cabinet for engaging Private Sector in management of Discos, the Expression of Interest (EoI) for hiring of Financial Advisory Consortium (FAC)…

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KE granted Rs1.07/kWh FCA

National Electric Power Regulatory Authority (Nepra) approved a fuel charge adjustment (FCA) of Rs.1.0751 per kWh for K-Electric (KE) for the month of October 2021, a notification said on Tuesday. NEPRA notified the FCA for KE that had applied for the adjustment, after a hearing held on Nov 30, 2021. The authority approved the FCA of Rs. 1.0751/kWh for Oct…

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