Government Demands IPP Owners End PPAs, Threatens Legal Action
The government’s crackdown on Independent Power Producers (IPP) reached a new level on September 21, 2024, as five IPP owners were given an ultimatum to terminate their long-standing Power Purchase Agreements (PPAs) or face serious legal consequences. The government’s move follows allegations that the contracts, signed years ago, are inflating electricity prices and negatively affecting…
