Mian Mansha’s Nishat Power taking highest ever profits of 32% while all other IPPs take 17% profit
Shares
*ISLAMABAD: Industrialist Mian Muhammad Mansha’s Nishat Power was taking 32 per cent profit, however other independent power producers were allowed to take 17 per cent profit, the Senate standing committee on power was told on Tuesday. *
The additional secretary power told the Senate body that the government was paying capacity charges to 41 private power plants. He said that no capacity charges were paid to Reshma power plant.
The Senate committee meeting chaired by Senator Fida Muhammad had sought National Electric Power Regulatory Authority (NEPRA) over providing excessive benefits and profits to Reshma power plant.
The officials failed to give answers about the generation capacity and production of Reshma power plant in the meeting.
However the representative of Reshma power told the meeting that the plant was generating 5 to 6 percent of its capacity. He said that different plants of the company were facing wheeling issues and added that NEPRA’s wheeling laws were not being implemented.
The representative said that the government who approached the court against the rental power, itself had sighed the agreements.
Speaking on the occasion, Minister for Power Omar Ayub Khan asserted that Pakistan will generate 30 per cent of its energy via renewable sources by 2030.
