Updated on
Summary The owners of the RPPs shut down on Supreme Court orders are from US, UAE and Turkey.
A three-member bench headed by Justice Iftikhar Muhammad Chaudhry, on Friday, announced verdict of the rental power plant case.Justice Iftikhar Muhammad Chaudhry declared all the contracts as illegal and issued an order to shut all rental power projects in the country.The owners of the three RPPs shut down on Supreme Court orders are from US, UAE and Turkey.The RPP installed near Gujranwala is producing 62MW of electricity and its owners belong to UAE. The RPP situated near Maodero is producing 50MW of electricity and owned by former Oklahoma governor David Walter. The third RPP installed on a ship near Karachi is producing 232MW of electricity and Turk President Abdullah Gul took personal interest in its installation.The business circles are of the view that the Supreme Court decision is good enough to halt the corruption but foreign investment worth 250 dollar is involved in these projects and the government of Pakistan has given assurance of protection of this investment. They said guarantors of the projects are also very respectable. A circle of businessmen are of the view that care should have been taken while deciding such case when some important foreign personalities were involved in the RPPs.
