business
May 6, 2021
ECC approves Rs90 billion payment to 35 IPPs
ISLAMABAD: The Economic Coordination Committee of the Cabinet on Wednesday approved Rs90 billion as the first installment of outstanding payments to 35 independent power producers and withheld disbursal for 12 IPPs under the NAB investigation.The ECC also approved targeted subsidies mechanism for power sector in principle and directed to finalize modalities to link it with Ehsaas program.When asked about the possibility of $1.5 billion program approval from the World Bank till end June 2021,...