ISLAMABAD – The circular debt issue has taken the toll on the Pakistaneconomy as at least five Independent Power Producers have been shutdownacross the country.
As per the media report, Five independent power producers (IPPs) havesuspended electricity generation and 17 others are operating at just 46percent of installed capacity, because of the liquidity crisis broughtabout by the Rs1.3 trillion circular debt, a senior Power Division officialdisclosed.
The non- payment of dues by the government has brought about the closure ofthe Hubco, Nishat Chunian, Nishat Power,
Read Top Stories
Lalpir and Pakgen IPPs. Kapco has also reduced its power output, theofficial told The News on condition of anonymity. The Federal Minister forEnergy, Omar Ayub Khan, has convened an emergency meeting with themanagement of the affected IPPs tomorrow to seek a resolution to the crisis.
