Updated on
Summary
The RPP companies counsel submitted a written reply in the court, which says that the companies concerned would return the $20billion to the national kitty allegedly embezzled in the advance payment of Naudero-II and Guddu Rental Power Projects installation. The payment would also include the 14 percent mark up. A three-member bench was hearing the suo moto notice on Wednesday taken on a Dunya TV reports.The CJP maintained, its a matter of national money and everyone should think that way. On Tuesday, Chief Justice Iftikhar Mohammad Chaudhary, while hearing a suo moto case of irregularities in the advance payment to Naudero-II and Guddu Rental Power Projects, has directed the companies counsel to return with mark-up the 14 per cent advance payments they had received for installing the RPPs. According to the news report, Nepra had declined to approve a fresh tariff for Naudero-II after discovering that the projects equipment belonged to Guddu Rental Power Project, which had been dismantled illegally.The government had paid 14 per cent advance amount of $11.28 million to Pakistan Power Resources (PPR) in April 2010 for Naudero-II, while 14 per cent advance payment of $10.15 million was paid for the same machines for Guddu rental power plant having a capacity of 110 MW.
