ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has attributed the accumulation of Rs. 148 billion in outstanding receivables to delays in payments by the Central Power Purchasing Agency–Guaranteed (CPPA-G). The amount includes dues from Independent Power Producers (IPPs), government-owned plants, and WAPDA, highlighting a severe financial strain on SNGPL’s operations.
According to SNGPL, receivables from Guddu Power Plant alone amount to Rs. 30.344 billion, with Rs. 10.513 billion being undisputed. Nandipur Power Plant owes Rs. 18.405 billion, including Rs. 9.449 billion as undisputed charges. Other government power plants, such as Thermal Power Station Muzaffargarh and Gas Thermal Power Station Faisalabad, also owe significant amounts.
IPPs collectively owe Rs. 25.107 billion, with Liberty Power alone accounting for Rs. 16.692 billion. Government Power Plants (GPPs) owe Rs. 65.212 billion, with National Power Parks Management Company Limited (NPPMCL) units at Baloki and Haveli Bahadur Shah owing Rs. 21.482 billion and Rs. 24.614 billion, respectively.
SNGPL blames CPPA-G’s inadequate fund releases for exacerbating the liquidity crisis, affecting its ability to meet financial obligations, including payments to upstream gas suppliers. General Manager (Recovery) of SNGPL warned that the situation threatens the company’s sustainability and financial structure.
Efforts to resolve the crisis include ongoing negotiations with IPPs under the Energy Task Force chaired by Federal Minister for Power, Sardar Awais Leghari. Revised agreements with some IPPs have been signed, while discussions with others, including government and renewable power plants, are underway.
Story by Mushtaq Ghumman
