Chinese IPPs Circular debt: Outstanding amount increases to Rs350bn
ISLAMABAD: With increasing pressure to pay the backlog, the current outstanding payment on account of circular debt for Chinese Independent Power Producers (IPPs) has increased to Rs350 billion. “The outstanding backlog of Chinese IPPs is Rs350 billion; 14% of it is being accounted for, while the other 86% is being paid on schedule. During a CPEC review meeting conducted here…