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IPPs face Senate scrutiny over costly payments and contract extensions
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IPPs face Senate scrutiny over costly payments and contract extensions
Islamabad: The Senate Standing Committee on Cabinet Secretariat has called for a comprehensive investigation into Independent Power Producers after raising serious concerns over alleged over invoicing, expensive capacity payments, extensions granted beyond agreed contractual timelines and the absence of an effective regulatory mechanism to verify actual generation capacity. The committee’s scrutiny has once again placed Pakistan’s costly power s…
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