Pakistan, which already has a chronic demand shortfal(l of 4000 MW, faces further problems as the Independent Power Producers Advisory Council (IPPAC) has told the federal government to immediately provide $1.7bn, or it will close down an additional 4000 MW.
Due to non-payment of dues, some IPPs have already closed down, and sources say further plant closure would make the situation “critical”.
An emergency meeting of the advisory council of the IPPs was held, and reportedly, all members voiced their concern over ever increasing overdue payments from Pakistan Electric Power Company (PEPCO), which has reached $2.5 bn.
The meeting passed a resolution asking the government to immediately inject $1.7 bn to save the IPPs from total closure over the next few days.
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