FPCCI Energy Committee Demands Audit of IPPs- Malik Khuda Bakhsh.

The FPCCI Standing Committee on Energy, led by Malik Khuda Bakhsh, held a meeting to address the negative impact of high electricity charges on Pakistan's economy. They criticized the 40 Independent Power Producers (IPPs) for burdening the public and causing economic crisis, with 25% of IPPs being closed but still receiving payments. The committee demanded a review of capacity charges, which are pushing industries to collapse and causing unemployment and economic losses. They passed a resolution condemning the high charges and urged the government to revisit agreements with IPPs to reduce costs and ensure a sustainable energy supply for economic stability. [Extracted from the article]