The government’s investigation team has summoned 13 independent power producers (IPPs) to Islamabad after uncovering “additional profiteering” by power plants established under the China-Pakistan Economic Corridor (CPEC), sources revealed to Geo News on Sunday.
Special Assistant to the Prime Minister on Power Division, Muhammad Ali, has been actively involved in the probe, directing the IPP owners to present their financial reports on Monday.
This development follows the Senate’s Functional Committee on Devolution’s call for a forensic audit of the IPPs, raising concerns about transparency in their contracts. The IPPs have been under scrutiny for their alleged role in inflating electricity bills, sparking public outrage.
While there have been calls for renegotiating government agreements with IPPs, Energy Minister Awais Leghari has cautioned against unilaterally ending these contracts, citing the potential legal and financial consequences.
Despite ongoing negotiations with IPP owners, the Power Division has denied reports of summoning them, stressing that no unilateral actions are being taken and that consensus-building remains a priority. High-level talks with Chinese IPPs for concessions are also in progress as part of broader efforts to address the power sector’s challenges.
