IPP's Have Received Rs. 1000 Billion More During Last 10 Years--- Transparency International

Avisor to Transparency Internsational Pakistan Syed Adil Gilani has written two letters to chief justice of suoreme court to take action against the IPP's regarding the receipt of Rs. 1000 billions extra by the cartil consisting of of IPP's (Independent Power Producing companies), KESC and fertizer comapanies, out of national exchequer. TPI has said that it had received a compaint about the alleged corruption of finance ministry which has given advantage Rs 198 billion to messrs. Abraj, a great loss to national treasury. According to the agreement government has guaranteed profit on more than 18 % expenses, but IPP's are getting profit through showing fake expenditures. In the latest letters Transpararency has also referred the letter already written to Security Exchange commission in which it was claimed that more than 50 IPP's and Fertilizer Companies were involved in this embezzlement. Together with regulatory authorities these institutions have been paid extra benefits amounting to Rs 100 billion per annum. Because regulatory authorities fix the prices of electricity on the basis of pruduction expenses of the private power producing companies. In the second letter Transpararency has also requested the Supreme Court to take notice of NEPRA and IPP's that had tranferred the burden of Rs 1000 billion on the customers.