lahore - The new government of the Pakistan Muslim League-Nawaz will divert gas supply from fertilizer plants to power sector as a short-term solution to lessen electricity loadshedding in the country especially in Punjab as the province has been experiencing worse power breakdowns and industries ...

lahore - All Pakistan Textile Mills Association Punjab acting chairman Mehmood Ehsan has strongly condemned the government plan of suspending gas supply to captive power plants, claiming that assertions about inefficiency of textile industry’s CPPs were based upon absolutely false facts. ...

LAHORE - 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, ...

LAHORE - The Independent Power Producers are dismayed that the NTDC and government are not serious in resolving their outstanding dues as the overdue amount continues to increase, touching the figure of Rs53 billion despite payment of Rs8 billion last week.The eight IPPs said that the outstanding ...

islamabad Eight Independent Power Producers (IPPs) Wednesday filed a petition in the Supreme Court for recovery of Rs61 billion from the Water and Power Ministry. The petitioners alleged the ministry did not pay their outstanding arrears while it was imposing unnecessary fine on them. They appealed ...

LAHORE - The government is wasting 500mmcfd of gas on CNG stations just to save Rs50 billion while it can secure up to Rs300 billion by diverting the gas supply to the industry and Independent Power Producers for affordable electricity, food security and more employment opportunities in the ...

KARACHI  - A debt-swap deal with a size of Rs 136 to Rs 138 billion is likely to be finalized within a day or two to provide a balance sheet relief to IPPs and OMCs ahead of second quarter. According to stock market sources here Monday, the total size of the swap has been slashed from Rs 144 ...

ISLAMABAD - Independent Power Producers (IPPs), confronted with extreme financial crunch in the country’s history, have now sought a hefty Rs160billion overdue liability from the cash-starved government before 31st December to avoid severe loadshedding in the country.Sources privy to the ...

Our Staff Reporter KARACHI - Nine Independent Power Producers (IPPs) have served 30-day notice to Pakistan government for the release of overdue amount of Rs31.16 billion on 25th August and on September 10 another notice was served by same 8 IPPs for Rs14.79 which became overdue on 1st September ...

OUR STAFF REPORTER KARACHI - The financial stability of the country has become a question mark and it will face dire consequences in the international arena as four major independent Power Producers (IPPs) have invoked the sovereign guarantee as their notice issued a month ago demanding the ...

OUR STAFF REPORTER KARACHI Four independent power producers (IPPs) have threatened the government to suspend power supply of 825MW if their dues were not cleared. The IPPs sent a letter on Monday to the Pakistan Electric Power Company (PEPCO) and gave warning to concerned authority that it ...

Four independent power producers (IPPs) have threatened the government to suspend power supply of 825MW if their dues were not cleared. The IPPs sent a letter on Monday to the Pakistan Electric Power Company (PEPCO) and gave warning to concerned authority that it remaining dues should be paid ...

ISLAMABAD (APP) - The Supreme Court on Monday adjourned hearing till May 31 of suo moto cases pertaining to Independent Power Producers (IPPs) and power tariff on the request of counsels for Pakistan Electric Power Company (PEPCO). A three-member of Chief Justice Iftikhar Muhammad Chaudhry, ...

ISLAMABAD - The government is entering into an agreement with the Asian Development Bank (ADB) to settle once for all the troubling circular debt of energy sector that is one of the major causes of unending loadshedding in the country. Sources in the Ministry of Water and Power and Pakistan ...

ISLAMABAD - Pakistan Electric Power Company (PEPCO) would release Rs 12 billion in a couple of days to Independent Power Producers (IPPs) to clear the circular debt, the Managing Director (MD) PEPCO, Tahir Basharat Cheema said during a press conference here on Saturday. Out of Rs 180 billion ...

ISLAMABAD (APP) - The financial proposals of bids received for fast track Independent Power Producers (IPPs) to be commissioned during 2010-2011 were opened on Wednesday. The bids were opened in a meeting held at Private Power and Infrastructure Board (PPIB) chaired by the Managing Director PPIB ...

LAHORE - Almost 90 per cent power loadshedding for domestic as well as industries will be ended in Punjab at the end of the current month. This was stated in a high level meeting with Punjab Governor Salmaan in the char held at Governor's House here on Tuesday. Senior Provincial Minister Raja Riaz, ...

ISLAMABAD - To ensure optimal supply of power, Prime Minister Syed Yousuf Raza Gilani directed the Ministry of Petroleum and Natural Resources to arrange uninterrupted supply of oil and gas to the IPPs. He further directed the Ministry of Water and Power to ensure elimination of loadshedding by the ...

LAHORE - The Water and Power Development Authority (WAPDA) owes Rs 10.05578 billion to the Independent Power Producers (IPPs) and oil suppliers. This amount is termed as late payment charges and is in addition to the out standing payment of Rs. 71.827 billion, sources concerned told The Nation ...