LAHORE: Fourteen Independent Power Producers (IPPs) have served notices to the government for Rs42 billion default made by the National Transmission and Despatch Company (NTDC) Ltd.

The notices have been sent to the Private Power and Infrastructure Board (PPIB) for purchasers’ failure to pay huge verified and approved receivables to power producers, a source at the Independent Power Pro­ducers Advisory Council (IPPAC) said on Wednesday.

Elaborating, the source said Pakgen was to receive Rs3,936 million; Lalpir Rs4,724m; KEL Rs1,685m; Rousch Rs2,928m; Nishat Power Rs4,238m; Nishat Chunian Rs6,066m; Liberty Power Tech Rs4,768m; Hubco Narowal Rs3,699m; Atlas Power Rs4,115m; Saif Power Rs2,355m; Sapphire Electric Rs1,500m; Engro Power Rs861m; Orient Power Rs631m and Halmore Rs767m.

Having an installed capacity of around 7,423MW, 29 private power projects are operational in the country, besides Kot Addu Power Company (1,650MW) and KE power plants (1,946MW).

Published in Dawn, November 27th , 2014