PM Nawaz orders probe into Rs15 billion Nandipur scam
15 July, 2013
ISLAMABAD: Prime Minister Mian Mohammad Nawaz Sharif has directed secretary Planning Commission to probe into the massive raise of 157 percent in the cost of Nandipur power project and submit report to him in 3 days, top official at Ministry of Planning and Development told our sources.
The issue took a new turn as official documents reveal that the sitting government approved the revised PC-1 of the project at the ministerial level meetings.
The then Member Energy in the Planning Commission Shahid Sattar had sent back the revised PC-1 of the project to the ministry by seeking a justification of the questionable steep rise in the cost of the project, by 157% from Rs22.335 billion to Rs57.380 billion, along with a set of observations, official documents disclose.
However official sources told that at that time a consulting adivser was the key figure who pushed the project. The sources said that he was involved in preparing the revised PC-1 of the project and got it approved by the ministerial level meetings.
The revised PC-1 of Nandipur power project, many officials fear, will benefit a "select private sector party" which has been unveiled in the letter of ex-Managing Director of Pepco to the Chief Justice of Pakistan.
In the letter, Mr Baseer has also argued saying that the factual reality is that all equipment, machinery is at the site or at port and paid for. The only increase demanded by (Dongfong Electric Corporation) DEC is $40 million. And there could be an increase in extended insurance for 2-3 years, plus IDC. This could add up to say another $25 million at most, bringing the cost to $425 m + $25m = $450 million, certainly not $ 574 million. This means that the hefty amount of $124 million is still unjustified and unaccounted for.