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April 8, 2021
ISLAMABAD: After the NAB letter to the Power Division which says the government has the full authority to execute its revised deals with IPPs, the top bureaucracy of both the power and finance divisions is not ready to implement the altered contracts, arguing the anti-graft body didn’t so far validate the process of negotiations and agreements inked with the IPPs.
The NAB in February 2021 took suo moto of the whole negotiations and signing of MoUs, Master agreements and revised power purchase agreements (PPAs) and got hold of all records for due diligence, saying it was already investigating some IPPs which minted excess profits.