What is the “short pay” issue between BKPC and NEA?
Sale of electricity by BKPC to NEA is governed by the PPA entered into between the two parties. NEA started making deductions from its payments to BKPC from the 5th invoice (Jestha 2058 – May/June 2001) onwards on the ground that for payments, NEA was referring to Schedule 1 of the PPA where the Project Description was provided. The description also mentioned estimated energy for each Gregorian calendar month. NEA took a stand that their energy purchase requirement was as per the estimated energy in Schedule 1, and not as stipulated in the PPA in Schedule 10 (Monthly Deemed Generation). The deduction, or “short pay” that NEA has been making, arises mostly from this difference in understanding about the monthly energy purchase requirement based on Schedule 1 or Schedule 10. The Short Pay is not related to the 45 MW installed capacity and is an issue within the generation of 36 MW capacity.
