NAB summons NEPRA over case of unprecedented profits earned by IPPs

Pakistan Today

ISLAMABAD: The National Accountability Bureau (NAB) Lahore has summoned officials of the National Electric Power Regulatory Authority (NEPRA) to appear Monday, 18 February and submit verified reports/records regarding independent power producers (IPPs).

According to sources, NAB, in a letter to Registrar NEPRA, dated 14 February 2019, has asked to depute a team (technical/financial) to appear before the Combined Investigation Team (CIT) of NAB Lahore on 18 February 2019.

The bureau is conducting the inquiry under the provisions of NAO,1999 against Nishat Chunian Power Limited (NCPL), officers/officials of NEPRA and Central Power Purchasing Agency (CPPA) and others. In this regard, detailed workings conducted by NEPRA (rationales, surveys/due diligence) to determine the cost plus tariff for 200 MW (megawatt), RFO (residual fuel oil) based IPP, Nishat Chunian Power Plant was requisitioned.

Sources said that NEPRA had earlier submitted reports with NAB which were not certified and due to this, NAB sought clarification on the matter, adding that that NAB has now summoned NEPRA officials and asked for the submission of verified documents/reports under section 19 of National Accountability Ordinance, 1999.

Comments are closed.