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Due to shortage of dollars in the country, payments to IPPs stopped
Due to shortage of dollars in the country, payments to IPPs stopped
The arrears of Chinese IPPs under CPEC have reached one and a half billion dollars: Central Power Purchasing Agency Sources/Photo: File Central Power Purchasing Agency (CPPA) sources say that due to the shortage of dollars in the country, IPs Payments to PIES have stopped. According to Central Power Purchasing Agency sources, the arrears of Chinese Independent Power Plants (IPPs) under CPEC have reached one and a half billion dollars. CPPA sources say that under CPEC, coal-fired power plants have been installed in Sahiwal, Port Qasim and Hub, payments to China’s coal-fired power plants have stopped, when there are no dollars, from where to pay. More sources. It is said that they are aware of the difficulties faced by the coal-based IPPs due to non-payment, the situation will improve only if dollars are available.
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