Engro Powergen Thar Limited Urges CPPA-G to Settle Rs 32 Billion Debt by Month-End.

Engro Powergen Thar Limited (EPTL) has urgently requested the Central Power Purchasing Agency-Guaranteed (CPPA-G) to settle Rs 32 billion in outstanding payments by the end of the month. This request is to prevent a default on upcoming debt obligations. EPTL is facing a severe liquidity crisis due to significant overdue receivables from CPPA-G, totaling Rs 79 billion, with Rs 58 billion currently past due. The requested payment is crucial for debt servicing, settling outstanding dues with fuel suppliers, and ensuring the uninterrupted operation of its Thar coal-based power plant. Timely payments are essential to sustain energy infrastructure and honor financial commitments in the energy sector. [Extracted from the article]