Updated on
Summary
The Techno Power firm has finally submitted a pay order of Rs1.8billion as per the Supreme Court orders on Tuesday. On Monday, the SC gave another day to the Northern Power Generation Company Limited (NPGCL) Techno Sahuwal to return the advance payment, with mark-up, it had taken in advance two years ago. A three-member bench, headed by Chief Justice Iftikhar Muhammad Chaudhry and comprising Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday, was hearing a suo motu case of the rental power plants (RPPs). Companys counsel Raja Anwarul Haq on Monday presented a cheque of Rs 1.8 billion before the court. The chief justice ordered him to submit a pay order instead of the cheque. Raja told the court that it would take time to transfer the money. The federal government approved plans to set up rental power projects to generate 1,500 megawatts of electricity. It is pertinent to mention that the rental power companies have so far returned an amount of Rs4bilion that they took as advance payment.
