ISLAMABAD-The power situation could further worsen in the country within next few days, as Independent Power Plants (IPPs) are likely to shutdown their power plants due to non-payment of their overdue amount touching a peak of approximately Rs 210 billion as on August 8th. The Independent Power Producers Advisory Council (IPPAC) has demanded of the government to release Rs 150 billion immediately to save the IPPs from total closure within the next few days. 'Failure to do this would cause immediate shortage of electricity for the consumers, which are already facing long hours of loadshedding, it said. The IPPAC has also requested the newly formed committee on power issues to immediately convene a meeting of all IPPs so as to apprise the committee of their desperate situation. It is worth mentioning here that Prime Minister Syed Yousuf Raza Gilani has formed a committee to end the unannounced loadshedding and it is headed by Finance Minister Dr Abdul Hafeez Shaikh and represented by Minister for Water and Power Syed Naveed Qamar, Minister for Petroleum and Natural Resources Dr Asim Hussain, Deputy Chairman Planning Commission Dr Nadeem ul Haque and Governor State Bank of Pakistan. The Independent Power Producers Advisory Council has called an emergency meeting of IPPAC at its office in Islamabad chaired by its Chairman M Abdullah Yousuf. All the members unanimously raised their concern regarding ever-increasing overdue amounts payable to them by PEPCO, which have now touched a peak of approximately Rs 210 billion as on August 8th, 2011. Moreover, Gul Ahmed Energy in the South is also closed since the last 3 weeks due to non-payment of almost Rs 3 billion by KESC. This is causing default with their banks and also restricting the supply of power due to non-availability of fuel. The position has reached a point, that within the next few days, they will be forced to shut down their power plants due to non-payment of their overdue amounts. The members expressed concern that the present position of loadshedding would be aggravated and would unduly create more hardships for the public particularly during the holy month of Ramazan. The members demanded from the government to release Rs 150 billion on urgent basis ,otherwise, failure to do so would cause immediate shortage of electricity for the consumers. On Sunday, electricity shortfall in the country climbed to 4,360MW as the total power generation stood at 14,748MW against the demand of 19,100MW. According to the Pakistan Electric Power Company (PEPCO), 5,900MW electricity is being produced by hydropower plants, 2,200MW by thermal plants, 6,500MW by Independent Power Producers (IPPs) and 134MW by rental power plants on a daily basis.