Accountability Court Judge Arshad Malik was expected to announce the verdict during today’s hearing after it was deferred on April 30, however, the announcement was delayed due to the judge’s absence.
The court will now announce its verdict on May 22.
The case
The Nandipur Power Project was approved by the Economic Coordination Committee (ECC) in December 2007 at a cost of 329 million dollars. After approval, the contract was signed in January 2008, between Northern Power Generation Company Limited (NPGCL) and Dong Fang Electric Corporation (DEC), China and two consortiums — COFACE for 68.967 million euros and SINOSURE for 150.151 million dollars.
In 2008, the Ministry of Water and Power approached the Ministry of Law to issue a legal opinion but accused in connivance with each other and with malafide intentions, the latter repeatedly refused to issue on flimsy grounds.
Furthermore, the Ministry of Water and Power also failed to take any concrete measures to resolve the issue and the matter remained pending.
The legal opinion was issued in November 2011; the delay caused a loss of 27 billion rupees.
from Latest News - SUCH TV http://bit.ly/2vDBNps
0 comments: