Islamabad: The government has made a payment of Rs134 billion to Independent Power Producers (IPPs) in the last few days, according to the Central Power Purchasing Agency, which informed the National Electric Power Regulatory Authority (NEPRA) on Tuesday.
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After authorities from NEPRA raised doubts about how much the government had recently spent to clear the dues of IPPs, CPPA officials made this statement during a public hearing on fuel charges adjustment (FCA) in October 2021.
The Economic Coordination Committee (ECC) of the federal cabinet had already approved the payment of the second tranche of Rs134.7 billion to IPPs, as well as the transfer of monies from subsidies.
It’s worth noting that NEPRA convened a public hearing on Tuesday to decide whether to approve CCPA’s request for a Rs4.75 per unit increase in the power rate for October under the monthly Fuel Charges Adjustment (FCA) mechanism. The authority, on the other hand, held off on making a decision on the subject.
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According to the appeal, the real cost of power generation in October was Rs9.926 per unit, compared to Rs5.1733 per unit for reference fuel charges.
According to data provided to NEPRA by the CPPA, power generation from hydel sources was 23.26 percent in October, coal 16.69 percent, high speed diesel (HSD) 0.51 percent, RFO 10.88 percent, gas 9.67 percent, Re-gasified Liquefied Natural Gas (RLNG) 23.93 percent, nuclear 12.33 percent, and 1.64 percent from wind.
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