Smart Data on Capacity Payments Paid to IPPs – Business & Economy

The capacity payment made to the Independent Power Distribution Companies (IPPs) squeezed the blood of the people, the government did not buy a single unit of electricity in a year but made a capacity payment of 1929 billion rupees in compensation. Electricity worth Rs 1198 billion was purchased from IPPs but payments of Rs 3127 billion were made.

As the voice against IPPs continues to rise, this scam is getting exposed, the government has revealed the data of the capacity payment to IPPs, whether you buy electricity or not, you have to pay. And the government is doing the same.

Last year, electricity worth 1198 billion rupees was purchased from IPPs with people’s money, but 3127 billion rupees were paid, that is, capacity payment of 1929 billion rupees was made without buying electricity.

Total payments made to IPPs accounted for 38% of production cost and revealed 62% of capacity payments.

Subsidy scheme for electricity consumers through Beneezir Income Support Programme

Bureaucracy can be estimated from here that 85% of IPPs produce less than 50% but payments are made 100%, only zero percent plant factor power plants paid Rs 46 billion 40 crore capacity payment in a year. went