Friday, November 18, 2011

Reshma Power Plant pays back Rs4.57bn on SC orders


ISLAMABAD: The Reshma Rental Generation Ltd on Friday paid back Rs4.57 billion to the national treasury on the orders of the Supreme Court, DawnNews reported.
Sources said that the administration of the Reshma project had informed the Supreme Court bench hearing the rental power projects (RPPs) scam case in writing regarding the payment.
The bench that has been hearing the case comprises of Chief Justice Iftikhar Mohammad Chaudhry and Justice Khilji Arif Hussain
Earlier on Thursday, the apex court had ordered the Reshma Rental Generation Ltd to pay back by Friday rest of the 14 per cent mobilisation fund advanced to it for setting up the rental power plant.
The amount ordered to be paid back stood at Rs4.57 billion. The company was told it would have to ‘face consequences’ if it failed to abide by the order.

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