PPIB Decides to Drop Litigations Against IPPs on Reciprocal Basis

power-gride

Confidential Power and Framework Board (PPIB) has apparently chosen to pull out all suits/prosecution against Free Power Makers (IPPs) dependent upon corresponding activity by them, all around informed sources told Business Recorder. PPIB’s Ventures’ Panel, sources said, has presented its suggestions to the Leading body of PPIB headed by Secretary Power, for conclusive endorsement. Overseeing Chief PPIB Shah Jahan Mirza notified that in 2011 an issue emerged among IPPs and NTDC because of postponement/non-installment under PPAs. The IPPs asserted that they couldn’t meet the limit commitments due to non-installment of…

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PL on HSD to Go up by Rs5/Liter

petrol

The central government is probably going to expand the petrol demand (PL) on rapid diesel (HSD) by Rs5 per liter to meet one of the states of the Global Money related Asset (IMF) with impact from Walk 16, 2023, in the fortnightly survey of oil based commodities. In view of PL @Rs50 per liter and no broad deals charge (GST), the cost of petroleum would probably be expanded by Rs4 per liter from Rs267 to Rs271 per liter and the HSD would go up by Rs5 per liter, from Rs280…

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