The Power Division has been instructed by the Senate Standing Committee on Power to provide all relevant information on contracts with Independent Power Producers (IPPs). In an effort to better understand where the money goes and how it is spent, the committee on Friday called for a comprehensive review of all relevant IPP activities and contracts.
The committee has requested a cost comparison between IPP plants built after 1992 and comparable establishments in nearby nations. It also requested comprehensive records of capacity payments to IPPs for the last 20 years, and with justifications for such payments. It is also desired to know who is funding each private-sector power plant.
The panel has said unequivocally that it also wants to be fully informed on the expenses associated with the building and operation of wind power facilities that have been put into service during the previous six years. The present production and standby capacities of IPPs, as well as any adjustments made over time, have been requested by participants in the specifics of the contracts that are now in place.
The committee also want to assess how IPPs’ performance measures stack up against international norms.
It has also been asked for specific information on gas and furnace oil-fired facilities that were created in 1992 and have capacities more than 50 MW. All pertinent information must be provided by the Secretary Power Division within two to three weeks.
