ECC approves financial setoff mechanism for government owned IPPs

MG News | July 16, 2021 at 02:01 PM GMT+05:00

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July 16, 2021 (MLN): Economic Coordination Committee (ECC) on Friday approved the financial setoff mechanism for government-owned IPPs.

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This means that the receivables and payables between government entities have been balanced against each other. This will result in reducing circular debt by Rs116 billion, Energy Minister Hamad Azhar said in a tweet.

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