energy suppliers

They are not required to go through the usual profit repatriation process Foreign companies involved in power generation, in partnership with the government, will be paid in USD when they supply electricity to the national grid. It is expected to encourage foreign companies involve in the energy sector under the Public-Private Partnership (PPP) scheme. A rule approved by the Board in charge of overseeing PPP deals, comes after repeated request from foreign energy developers were made, demanding the government pay in foreign currency to generate electricity and supply to the national gird. Before the introduction of the new rule, foreign…