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SC orders RPPs to return money
ISLAMABAD: Supreme Court on Thursday directed rental power plants (RPPs) to return the advance money given to them upfront by the government of Pakistan at the earliest, Geo News reported.Chief Justice Iftikhar Muhammad Chaudhry while hearing the case of RPPs, remarked that the companies, which 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 deposited 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 court adjourned the hearing till January 14 and 24
Courtesy www.geo.tv