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Friday, November 18, 2011

SC orders Rushma Power Plant to pay back Rs 4 billion with interest

During the hearing of rental power plant case Supreme Court of Pakistan ordered the government to take back the amount of 4 billion rupees along with interest till today (Friday) which government paid to Rushma power plant in advance.

The SC bench head by Chief Justice Iftikhar Muhammad Chaudhry and Justice Khilji Arif Hussain heard the rental power plants suo motu case and the petitions filed by Federal Minister for Housing and Works Syed Fasil Saleh Hayat and the PML (N) leader Khwaja Asif.
During the hearing the council of water and power, GECO and PEPCO Mr. Tariq Raheem told the bench that the Rushema Power Plant paid back 2.5 billion rupees from the advance payment. During remarks Chief Justice said that the government paid advance payment of Rs 4 billion and it has its interests. CJ further said that, why the whole amount has not been paid so for.
Responding to query, government council Tariq Raheem said that the government will contact to get the interest amount from the Rushma Power Plant. On the occasion the Minister for Housing and Works said that the government paid the amount in dollars and the amount should be returned in the same currency.
Chief Justice said that NEPRA is a government institution and it also accepted that the mismanagement occurred in rental power plants. During the hearing Justice Khalji Arif Hussain said that government took loans and paid advance. It means that there is favoritism and loan is returning back after two and half years and its ratio is half of the total amount. SANA