ISLAMABAD: Federal Minister for Power Omar Ayub Khan informed the Supreme Court on Monday that agreements with independent power producers (IPPs) were made during the tenures of various governments. A three-judge bench headed by Chief Justice of Pakistan Mian Saqib Nisar was hearing the case pertaining to excessive payments made to independent power producers by the government. During the hearing, the Justice Nisar inquired about how the agreements were made. "The government have to pay them whether they generate power…
Independent Power Producers
ISLAMABAD: Security Exchange Corporation of Pakistan (SECP) has expressed its inability to intervene in the matters of Independent Power Producers (IPPs) in response to a letter of the Water & Power Minister seeking the regulator's intervention in alleged financial irregularities in IPPs.