CJP takes suo moto notice of excessive payments to IPPs

LAHORE: Chief Justice of Pakistan Mian Saqib Nisar on Saturday took suo moto discover over extreme funds made to Unbiased Energy Producers (IPPs) in reference to round debt.

The chief justice issued notices to 10 IPPs and sought report inside three days. The chief justice took the discover whereas listening to completely different instances on the Supreme Court docket Lahore Registry.

The chief justice noticed that the courtroom had been notified that extreme funds had been made to IPPs in reference to round debt and apparently it was a matter of $ 1.5 billion.

The IPPs, that are roughly 50% of the ability producers throughout the trade, have the verified and audited overdue quantity to roughly Rs248 billion as of July 15, 2018, in respect of 21 members of the Unbiased Energy Producers Affiliation (IPPA).

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