Government to formulate a transparent mechanism for independent power producers: Dr Hafeez

Islamabad: Minister for Finance and Economic Affairs, Dr Abdul Hafeez Shaikh on Tuesday said that government would formulate a transparent payment mechanism in consultation with Ministry of Water and Power for resolving the Independent Power Producers (IPPs) related issues to overcome energy crisis in the country.

He stated this at a meeting with a 15member IPPs delegation led by its Chairman M. Abdullah Yousuf which called on the Minister here at the Ministry of Finance on Tuesday. Deputy Chairman Planning Commission Dr Nadeemul Haq and Secretary Finance Dr Waqar Masood Khan were also present on the occasion.

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