The National Accountability Bureau (NAB) on Tuesday issued a notice to a private company, Turkey-Karkey Karadeniz Electrik Uretim, asking it to make payment of $128 million for failing to generate power through its power-generating ship Karkey.
"Following the directives of the Supreme Court of Pakistan (SC), the NAB has sent the notice to head office of Turkish rental power ship Karkey located in Turkey. Seven days have been given to the Turkish ship company's officials to make payment of $128 million," a senior official of NAB said. He said that Turkish rental power plant ship Karkey would have to repay $128 million in damages and principal amount that had been paid for generation of 230 megawatts (MW) of power.
The Supreme Court had warned the NAB that if Karkey electric power generation ship left the Karachi port without making the payment of outstanding amount, the NAB Chairman would be held responsible. The NAB Director General (Operational), Shahbaz Bhatti, informed the court that as per their calculation, $120 million are outstanding against the ship-mounted Turkish power plant. The accord to produce power came as part of an agreement signed three years ago between Pakistan and Turkey-Karkey Karadeniz Electrik Uretim.