Task Force Okays Rs89bn OGDCL Payment
The Task Force on Power has recommended to pay principle amount of Rs 89 billion to Oil and Gas Development Company Limited (OGDCL) by Uch power plants.
CCPA has confirmed that CPPA has confirmed that as of end October 2025, 10 monthly installments have been paid.
Read More: OGDCL Receives Rs7.7B Dues
The Ministry of Energy (Power Division) further apprised the ECC that the Federal Government approved the Late Payment Interest (LPI) amounting to Rs. 54 billion by Oil and Gas Development Company Limited (OGDCL) in respect of Uch Power (UPL-I) and Uch-II Power Limited (UPL-II) up to December 31, 2024.
It was also approved that the outstanding principal of Rs. 89.5 billion, as of December 31, 2024, would be paid by CPPA-G through UPL-I and UPL-II in 18 equal monthly installments.
Considering OGDCL’s liquidity constraints, agreement to waive LPI and the said liability of Rs. 1.275 billion CD financing facility, the Task Force recommended disbursement of Rs. 89.5 billion (principal component) to OGDCL through UPL-I and UPL-II structure, instead of previously approved 18 monthly installments.
