Rs. 23 billion un due payments made to IPPs, reveal Federal Audit

Rs. 23 billion un due payments made to IPPs, reveal Federal Audit
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ISLAMABAD: Federal auditors have recommended to recover Rs35 billion from Independent Power Producers (IPPs) that were paid to them on flimsy grounds.

The proceedings of the Sub-committee of Senate Standing Committee on Finance revealed that where the government made undue payments to the IPPs in 2013, it compromised on its Rs23 billion genuine claims by not adjusting these against the IPPs’ liabilities.

The panel proceedings established that the National Assembly’s Public Accounts Committee glossed over the Rs480 billion worth audit report by the office of the Auditor General of Pakistan, as the PAC has already set aside the audit objections during its proceedings.

The members of the special panel, belonging to PML-N, PTI and PML-Q, were shocked the way the government made these payments to the IPPs and the PAC’s silence over the matter.

Pakistan