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CPEC power projects await Rs498bn dues from CPPA-G
ISLAMABAD: Chinese power projects established under the China-Pakistan Economic Corridor (CPEC) framework are reportedly awaiting payments of outstanding dues amounting to Rs498 billion from the Central Power Purchasing Agency-Guarantee (CPPA-G), which is unable to clear the liabilities due to financial constraints, well-informed sources told Business Recorder. Representatives of the power companies have repeatedly reminded CPPA-G of its payment obligations through official correspondence, while the issue has, on some occasions, reached the office of the Prime Minister, the sources added. Rece...
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