RPP Case against Pevez Ashraf re-opened by NAB

Written by  Published by:Pakistan Views Wednesday, 15 April 2015 06:11

ISLAMABAD: The National Accountability Bureau (NAB) is reopening Rental Power Project (RPP) case awarded illegally in Gujranwala by prime minister Raja Pervez Ashraf and five former senior bureaucrats.

A NAB spokesperson mentioning the Gulf Rental Power, Gurjanwala, given RPP illegally said, "A huge loss of Rs. 493.85 million has been caused to the national exchequer by this particular crime."

The watchdog stated that RPP contract assigned to Gulf Rental Power, Gujranwala, for the production of 62 megawatts of electricity. 

The NAB spokesman said that during a NAB Executive Board meeting held at its headquarter in Islamabad on Tuesday an inquiry has been ordered against the former premier and five former senior bureaucrats.

Pervaiz Ashraf, who in his capacity as minister of Water and Power, along with Shahid Rafi, former secretary Water and Power; Fayyaz Ellahi, former managing director Private Power and Infrastructure Board (PPIB); N A Zubairi, former executive director PPIB; Fazal Ahmed Khan, former managing director PEPCO and Ghulam Mustafa Tunio, former CEO of GENCO-III, had reportedly awarded the illegal contract to a private power company by allegedly taking kick backs and misuse of authority.

An accountability court has already indicted Pervez Ashraf and 11 others in the rental power project case. Former finance minister Shaukat Tareen, former federal secretaries Ismail Qureshi and Shahid Rafi were also among those indicted in the case of alleged corruption in the Sahuwal and Piranghaib rental power projects.

NAB has been investigating 12 RPPs cases in which nine firms reportedly received more than Rs22 billion as mobilisation advance from the government to commission the projects, but most of them were accused of failing to set up plants.

The bureau has already recovered Rs13 billion in the case.

Earlier, the Supreme Court (SC) had declared Rental Power Projects (RPPs) as illegal and also ordered them to be shut down.

The apex court had said that the rules and regulations were violated in these projects due to which the national exchequer witnessed losses of billions.

Prior to RPPs, the electricity generation system had sufficient potential, but "instead of taking curative steps for its improvement,... billions of rupees were spent on RPPs, which proved complete failures", read its verdict.

The verdict further holds the finance ministry, WAPDA, PEPCO and GENCOs responsible for "causing huge losses to the public exchequer, which run into billions of rupees by making 7% to 14% down payments to, and purchasing electricity on higher rates, from RPPs."

Moreover, SC had ordered to initiate proceedings against the then Water and Power minister Pervez Asharaf and all others involved in the case.

Rating: 5 Read 268 times

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

Pakistan Views - National & International News Portal

Pakistanviews.org (Pakistan Views) stands as a website enlightening the masses with all information related to current affair, entertainment, sports, technology, etc. It has been brought into existence to ensure that voice of Pakistan reaches the masses. Ensuring that a true picture of Pakistan is portrayed in the right manner to the world. The website is to bring forth the real picture of Pakistan negating avenues of Terrorism and Non-State Actor.