As part of its public awareness campaign, the Independent Power Producers (IPPs) Advisory Council has published its second advert in leading newspapers titled #Truth2, wherein it has been explained how “the IPPs fully adhere to the terms given by the government” and that their “profits are strictly in line with the contracts”.
“We, the IPPs are not just the saviours of our national energy security but we have played the role of catalyst for the national economic development,” the advert read.
“In the last three decades, we have empowered the nation with timely investments and generated livelihoods tor tens of thousands of homes with direct and indirect employment. We take pride that our efficient operations have rescued the country out of the darkness of unending load shedding and revived the industrial activity in the country.
“The IPPs fully adhere to the terms given by the government and our profits are strictly as per the contracts.”
The council further informed, “From the time of its conception, the power plant agreements need to go through multiple approvals from power sector regulator and various government departments. Even before the commissioning of the plant, its project and operating costs are approved by National Electric Power Regulatory Authority (NEPRA).
“After the commissioning of the plant, all the invoices are approved by NEPRA and CPPA-G (power purchaser) before any payments are made to IPPS.”
The IPPs said it takes almost five years from the time sponsors invest equity, to the time they get their first dividend. “We have, at all times, cooperated with the government and acted in the best national interest. In times of crisis, we have always stood by the nation and will continue to do so.”
