Gulf rental power plant on Monday filed a review petition in the Supreme Court. It challenges the apex court's March 30 verdict that declared contracts of all the plants non-transparent and illegal. The SC in its verdict had issued directives to the Chairman National Accountability Bureau (NAB) Admiral Fasih Bokhari (Retd) to proceed with corruption references against those who were at the helm of affairs when contracts were signed from 2006 to 2008.
The review petition was filed by Barrister Ali Zafar with a plea that the apex court's verdict had overlooked the interests of the genuine investors who were strictly adhering to the government's policies and they also fulfilled obligations under the agreements after investing millions of rupees.
It is worth mentioning that it is the second review petition after the federal government filed a petition through Water and Power Ministry and the Private Power and Infrastructure Board (PPIB) praying the SC to reconsider and withdraw the findings made in the verdict.
The Gulf Power stated the company had been providing electricity for the past 23 months and therefore its facts were entirely different from other RPPs, but the court judgement against the rental power had failed to protect the interests of its investors.
The review petition highlighted what it said a number of factual errors in the judgement. Zafar submitted that government's wrongdoings could not be shifted to sponsors/genuine investors who, during power shortage in the country, set up a plant and supplied electricity and only responded to the advertisement published by the Private Power and Infrastructure Board (PPIB). The review petition also sought to explain that the Gulf owed nothing to the government. According to it, it was the government which owes over Rs 3 billion to the Gulf company.
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