ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has alerted the government that its receivables from the power sector have surged to an alarming Rs 114.287 billion, pushing the company into severe liquidity stress, official sources told Business Recorder.
According to SNGPL’s General Manager (Recovery), several power plants have expressed their inability to clear outstanding dues due to delayed releases from the Central Power Purchasing Agency–Guaranteed (CPPA-G). As a result, SNGPL is struggling to meet its own payment obligations to upstream gas suppliers.
Out of total receivables of Rs 165.256 billion, dues against Wapda-owned power plants amount to Rs 50.261 billion, including:
- Guddu Power: Rs 30.485 billion
- Nandipur: Rs 15.716 billion
- TPS Muzaffargarh: Rs 1.436 billion
- GTPS Faisalabad: Rs 2.267 billion
- GTPS Shahdara: Rs 214 million
- SPS Faisalabad: Rs 86 million
- NGPS Multan: Rs 57 million
Private sector plants also owe substantial sums:
- Liberty Power: Rs 18.609 billion
- Orient Power: Rs 2.652 billion
- FKPCL: Rs 1.630 billion
- Sapphire Power: Rs 1.890 billion
- Saif Power: Rs 1.925 billion
- Kapco: Rs 4.788 billion
- Other IPPs owe smaller amounts.
Government-owned plants, including QATPL, Balloki, and NPPMCL (HBS), collectively owe Rs 31.346 billion.
SNGPL noted that the overdue amount comprises Rs 40.365 billion in gas charges, Rs 31.401 billion in RLNG tariff actualization, Rs 399 million in GIDC, and Rs 42.122 billion in late payment surcharges.
The company has written to concerned power entities urging immediate settlement of dues, stressing that the crisis—driven by CPPA-G’s non-release of funds—has jeopardised its ability to meet financial commitments.
Story by Mushtaq Ghumman
