AGL 38.00 Decreased By ▼ -0.25 (-0.65%)
AIRLINK 136.45 Decreased By ▼ -2.52 (-1.81%)
BOP 5.44 Decreased By ▼ -0.01 (-0.18%)
CNERGY 3.80 Increased By ▲ 0.01 (0.26%)
DCL 7.50 Decreased By ▼ -0.07 (-0.92%)
DFML 45.41 Decreased By ▼ -0.74 (-1.6%)
DGKC 78.52 Increased By ▲ 0.41 (0.52%)
FCCL 28.89 Decreased By ▼ -0.21 (-0.72%)
FFBL 57.00 Decreased By ▼ -0.10 (-0.18%)
FFL 9.27 Increased By ▲ 0.57 (6.55%)
HUBC 96.80 Decreased By ▼ -5.02 (-4.93%)
HUMNL 13.40 Decreased By ▼ -0.85 (-5.96%)
KEL 3.77 Decreased By ▼ -0.05 (-1.31%)
KOSM 7.28 Decreased By ▼ -0.12 (-1.62%)
MLCF 37.80 Decreased By ▼ -0.55 (-1.43%)
NBP 67.50 Decreased By ▼ -2.00 (-2.88%)
OGDC 167.52 Decreased By ▼ -2.50 (-1.47%)
PAEL 25.10 Decreased By ▼ -0.55 (-2.14%)
PIBTL 6.70 Increased By ▲ 0.10 (1.52%)
PPL 131.50 Decreased By ▼ -2.08 (-1.56%)
PRL 26.40 Increased By ▲ 1.40 (5.6%)
PTC 15.10 Decreased By ▼ -0.44 (-2.83%)
SEARL 62.25 Decreased By ▼ -1.58 (-2.48%)
TELE 7.00 Increased By ▲ 0.05 (0.72%)
TOMCL 36.23 Decreased By ▼ -0.75 (-2.03%)
TPLP 7.88 Increased By ▲ 0.18 (2.34%)
TREET 14.00 Increased By ▲ 0.04 (0.29%)
TRG 44.55 Decreased By ▼ -0.42 (-0.93%)
UNITY 25.85 Increased By ▲ 0.45 (1.77%)
WTL 1.22 No Change ▼ 0.00 (0%)
BR100 9,143 No Change 0 (0%)
BR30 27,326 No Change 0 (0%)
KSE100 85,585 No Change 0 (0%)
KSE30 26,984 No Change 0 (0%)

ISLAMABAD: The World Bank (WB) Pakistan has termed contract of 765-Kv Dasu Transmission Line Project transparent and in accordance with its procurement regulations.

In response to the recent media coverage regarding the contract under the Dasu-Mansehra-Islamabad transmission line project, the World Bank has clarified that the contracts for the 765 KV transmission lines have been procured, following the World Bank Procurement Regulations, as stipulated in the Legal Agreement signed between the World Bank and the Government of Pakistan. These contracts were awarded to the bidders that offered the lowest price.

According to the Bank, it shared the no-objections based on the information shared by the National Transmission and Despatch Company to allow them to proceed with the recommended pre-qualifications and awards.

$700m Dasu transmission line: Senate panel smells a rat in NTDC’s contract process

All formal complaints were handled during the bidding process. Before the contract was awarded, there was a period for resolving procurement-related complaints, which gave other bidders the opportunity to voice any concerns.

Based on the information provided, matters raised by inquiries cited in the media provided no new additional information.

The World Bank strongly objects to the allegations recently cited in the media and considers them baseless.

On Thursday, Senate Standing Committee on Power accused Country Director World Bank, Najy Benhassine, Secretary Power, and Rashid Mahmood Langrial of conniving with NTDC in award of a dubious contract to the German firm M/s GOPA Intec.

Copyright Business Recorder, 2023

Comments

Comments are closed.