FPCCI demands forensic audit of IPPs

KARACHI: Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has demanded forensic audit of Independent Power Producers (IPPs).

While address a press conference in Karachi, the Acting President of FPCCI Abdul Mohamin Khan said that a power plant was built for 50 billion and 400 billion was given to him. It is a broad daylight misuse of national exchequer and forensic audit of IPPs should be done.

Acting President FPCCI said, “If there is a problem in the contract of IPPs, then the case can be fought at the global level, factories are being closed in every sector and people are becoming unemployed”.

The leader of All Pakistan Textile Mills Association (APTAMA) Asif Inam said that IPPs have a power sale agreement and not a power purchase agreement.  He said IPPs of 16,000 MW more are coming up now.

He said that electricity consumption is 18 percent less while production is increasing. He demanded that the cheap electricity should be given to industries to increase consumption.

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Earlier, Former Caretaker Federal Minister Gohar Ejaz has demanded a review of the IPPs contracts and revealed that every consumer is forced to pay an extra Rs 24 per unit due to these dishonest contracts.

In a statement, while addressing the Federal Minister of Energy Owais Leghari, Gohra Ijaz said that the Federal Minister should satisfy the nation regarding the IPPs agreements before the new privatization. He said less than 50 percent was used in the production of IPPs based on 23,400 MW in the last 2 years.