SC orders RPPs to return advance money

SC orders RPPs to return advance money
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Summary

Supreme Court on Thursday directed Rental Power Plant companies to return the advance money taken in advance from the government of Pakistan at the earliest, Dunya News reported. Chief Justice Iftikhar Muhammad Chaudhry while hearing the case of Rental Power Projects (RPPs) remarked that the companies, who have not initiated the projects, should return the advance money at the earliest, otherwise, cases would be forwarded to FIA.He stated that loot and plunder in rental power projects would not be allowed.Lawyer of the WAPDA Khawaja Tariq informed the court that two rental power plants Naudero-II and Guddu Power Projects have deposited Rs 2.25 billion in the bank, adding that another power plant has also deported Rs 1.26 billion in the national exchequer.The court while summoning the owner of techno power plant near Sahiwal, issued orders to return the advance money with markup.Later, the adjourned the hearing till Jan 14 and 24.
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